Amazon raises minimum hourly pay by $1 to $20 for US operations workers

Sept. 16 (Reuters) - Amazon.com AMZN.O is raising the minimum hourly pay for its eligible full-time U.S. operations workers by $1 to $20, the e-commerce and cloud giant said on Wednesday.

Here are more details:

• The company also unveiled a new benefit, "Day 1 Financial," giving qualified employees and their families lifetime access to low-cost banking services through First Tech Federal Credit Union.
• Amazon already offers benefits such as healthcare coverage for as little as $5 per week, a free Prime membership, and prepaid education programs.
• The average total compensation will now exceed $32 per hour including the value of its benefits package, the company said.
• Hourly pay for Walmart's WMT.O U.S. workers starts at $14, while Target TGT.N offers a minimum hourly wage of $15, according to their websites. Last year, Costco COST.O raised its minimum wage for entry-level workers to $20 an hour, according to its annual report.

(Reporting by Jaspreet Singh and Koyena Das in Bengaluru; Editing by Diti Pujara)