Bank of America is tightening its hybrid work policy by requiring eligible employees to separate their two weekly work-from-home days, the financial services company has confirmed.
Under the updated policy, employees in eligible hybrid roles will continue to work three days from the office and two days remotely each week. However, the two remote days can no longer be taken consecutively.
For example, employees could work remotely on Monday and Wednesday or Tuesday and Friday, but would not be able to choose back-to-back days such as Monday and Tuesday or Thursday and Friday.
New policy to take effect in September
The revised arrangement is expected to take effect companywide in mid-September, following Labour Day.
The policy will apply across Bank of America’s locations and is not limited to its Charlotte headquarters. The bank has not disclosed how many employees will be affected.
According to a company spokesperson, the change is intended to create more consistent office attendance throughout the working week.
Bank cites collaboration and office utilisation
Office attendance has reportedly been higher from Tuesday through Thursday, while Mondays and Fridays tend to see fewer employees on-site.
By separating remote-working days, the bank expects to distribute office attendance more evenly across the week.
Bank of America also said the policy is intended to support teamwork, mentoring, networking and career development through greater face-to-face interaction.
The company said the updated approach was informed by employee feedback, the nature of banking operations and customer requirements.
Employees in client-facing positions, including branch bankers and traders, already generally work from the office five days a week.
Banks continue to adjust post-pandemic work policies
Bank of America introduced a revised remote-work structure in October 2022, dividing employees into several categories. At the time, eligible hybrid employees could work remotely for up to two days a week, while certain “flex office” roles had defined monthly work-from-home allowances.
The latest change comes as other major banks also adjust their workplace policies.
Truist introduced a full five-day return-to-office requirement earlier this year, while Wells Fargo continues to allow two remote days for many employees, with senior leaders and some customer-facing teams generally expected to spend more days in the office.
Bank of America’s latest policy reflects the broader shift among financial institutions toward more structured hybrid-working arrangements while maintaining flexibility for eligible employees.
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