Banks employ hundreds of thousands of employees. JPMorgan, for example, employs around 251503 personnel. In contrast, other well-known banks like those of the Bank of America Corp, Citigroup Inc., Wells Fargo & Co., and Goldman Sachs Group Inc. also employ hundreds of thousands of personnel.
Do Banks Drug Test Their Employees?
Each bank has its own Code of Ethics, and each has a different drug testing policy. Banks, however, are considered to be federal contractors, and as such, they are required to comply with or subscribe to the Drug-free Workplace Program of the federal government.
Hence, JPMorgan Chase's Code of Conduct, for example, explicitly states that "they recognize that the use of illegal drugs and alcohol can definitely create serious safety and health risks.” For this reason, JPMorgan “implements the drug-free workplace programs of the federal government.”
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Moreover, JPMorgan Chase doesn't condone the use of drugs or being under the influence of drugs while conducting company business. Similarly, Wells Fargo's Team Member Handbook categorically states that Wells Fargo is surely “dedicated to maintaining a drug-free workplace.”
Hence, it requires all its team members to perform their job-related duties unimpaired by any illegal drug, alcohol, or any controlled substance; and any person found to be unfit for work due to drug use may be sent home and would be subject to corrective action which may include termination.
Wells Fargo is also a federal contractor, and as such, it must comply with the federal rules on a drug-free workplace. For this reason, Wells Fargo requires its employees to undergo random and scheduled drug tests.
Do Banks Do Pre-Employment Drug Test?
Most banks require their prospective employees to undergo pre-employment drug tests. Wells Fargo in San Francisco, CA, Beaverton, OR, New York, NY, Thousand Oaks, CA, San Francisco, CA, Sacramento, CA, Lynnwood, WA, Rancho Cordova, CA, Scottsdale, AZ, and Annandale, VA do require pre-employment drug testing.
Similarly, Citibank New York, Las Vegas, and Dallas also require their prospective employees to undergo a pre-employment drug test.
Moreover, the pre-employment drug tests conducted by banks are not done during the initial interview. Instead, bank applicants with conditional job offers are usually given two business days to complete their drug screening requirements.
What Drugs Do Banks Test For?
As banks are federal contractors, they are often required to follow the federal guidelines on drug testing, which were later on expanded to include laboratory testing of oral fluid, hair, and sweat patch specimens in addition to urine specimens.
These additional drug testing types are designed to detect Cocaine, Marijuana, Phencyclidine, Opiates, and Amphetamine.
What Types of Drug Tests are Used?
Banks have their own preferred drug testing type, but most of the major banks generally use a urine drug test. For example, Wells Fargo utilizes the 5-panel urine tests in its pre-employment drug testing, while Citibank also uses the 5-panel urine test in its pre-employment drug tests.
Other banks likewise seem to prefer the 5-panel urine drug test over other types of drug tests.