A bonus pay raise for employees at Chase Bank is set to kick in to employees this summer.
The company announced Thursday that it will give employees up to $600 in bonuses this year and 2019.
The bank has also announced a $1,000 bonus for current Chase employees who have earned at least $50,000 in salary over the past three years.
The bonuses come on top of an increase in the bank’s total bonuses for employees to $15,000 per year starting next year.
The bonus is the latest in a series of bonuses the bank has recently announced.
In July, the bank announced that it would give $100 bonuses to more than 100,000 Chase customers who have made at least one qualifying purchase.
Chase recently announced a new incentive program to boost employees’ paychecks.
The incentive program will award employees $1 million in bonuses for each $1 earned on qualifying purchases made over the next five years.
A $1.5 million bonus is expected to be announced next month.
The incentives are part of the bank having a “pay for performance” campaign.
The campaign will allow employees to take home an average of $2,000 a month, based on their performance over the last three years, and will be based on the average of the salary of the top 50% of employees at the bank.
For more information on the Chase bonus program, visit Chase.com.