Money Bank of America boosts its minimum wage to $17 an hour on way to $20 by 2021 April 9, 2019 Janna Herron, USA TODAY Comments Off on Bank of America boosts its minimum wage to $17 an hour on way to $20 by 2021 Bank of America is raising its minimum wage to $17 an hour starting in May in a longer-term effort to increase it to $20 by 2021.