Most every big bank and large financial firm drug tests prospective employees after they accept an offer, though not all do. As such, worried applicants who may have a drug or two still running through their system often head to the Internet to find out if a trip to the lab is on the horizon. Based on Google auto-fill results, “does [X bank] drug test” is one of the most common Web searches concerning financial services companies. But which big bank elicits the most fear?
That would be Wells Fargo, at least according to risk mitigation specialist JDP, which analyzed Google search trends across all industries in a new report. The other two banks to make the list of the top 60 most searched U.S. companies include Bank of America and J.P. Morgan’s retail arm, Chase. The good news for the industry is that the three banks finished in the bottom five overall, below tech firms like Amazon, Tesla and Apple, and nowhere close to retail companies.
To make apples-to-apples comparisons, JDP took into account the number of employees at each company. The search “does Wells Fargo drug test” was submitted roughly 660 times per month based on its most recent headcount figures. That number falls to 528 for Bank of America and 221 for J.P. Morgan Chase. JDP looked at the 150 largest U.S. companies, so a firm with fewer employees like Goldman Sachs may not have been included. Morgan Stanley and Citi would have been included, however, but didn't make the top 60.
What’s particularly interesting is that Wells Fargo is one of the few banks that doesn’t actually drug test as a condition of employment, according to a statement the bank sent to us last year as part of our reporting on legalized marijuana. We’ve been told that most other big banks do, though many smaller financial firms don’t bother. A current and former Goldman Sachs employee each told us they were tested but were given a window of time to complete it. A former hedge fund employee who worked at three different firms said he was never tested as part of the pre-employment process. An accountant and an equity researcher who worked at several smaller firms across their careers said the same.
Either way, people seem to want to know before they’re handed the cup – at least when concerning the three aforementioned firms.
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FAQs
Many banks and financial institutions use a standard 5-panel urine drug test, which screens for marijuana, cocaine, opiates, amphetamine, and phencyclidine (PCP). Some financial institutions may elect for a more comprehensive drug test, which screens for additional substances. However, this is less common.
What is the most sophisticated drug test? ›
The most sophisticated drug-testing approach is gas chromatography coupled with mass spectrometry (GC/MS), which is regarded as a "gold standard"; it is used in confirmatory testing.
What kind of drug test does PNC Bank use? ›
PNC Bank typically uses a 5-panel urine drug test that looks for Opiates, Benzodiazepines, Barbiturates, Methamphetamine, Phencyclidine, Methadone, Cocaine, Amphetamine, and Marijuana.
What is the most common drug test companies use? ›
Urinalysis – A urine test is the most common form of pre-employment drug testing and is typically conducted once a conditional offer of employment has been sent. A urine test can show traces of drug use even after the effects of the drug have worn off and remain in the body for an extended period of time.
What type of drug test does Fifth Third Bank use? ›
Fifth Third uses the standard 5-panel urine drug test that can detect traces of cocaine, marijuana, PCP, opiates, and amphetamine. The test is conducted offsite by a third party testing company. The results take anywhere from 3 to 5 business days to be submitted to the company.
Does Truist drug test new hires? ›
Yes, Truist drug tests.
For all potential employees, you must pass both a drug test and a background check to be considered for employment. Along with this, there are other instances where Truist performs drug tests. For some promotions, but not every promotion, you may need to pass a drug test before being promoted.
What is the best test for drug detection? ›
Urine, blood, hair, saliva, sweat, and nails (toenails and fingernails) are some biological specimens used to perform laboratory drug testing, and they provide different levels of specificity, sensitivity, and accuracy. Urine is most often the preferred test substance because of ease of collection.
How far back does a 10 panel urine test go? ›
Detection times for a 10-panel drug screen
| Substance | Detection time frame |
|---|
| Cocaine | 2-4 days |
| Marijuana | 2-5 days for occasional users, and up to 10 days for daily users |
| Opiates | 2-3 days |
| Phencyclidine (PCP) | Up to 30 days for chronic users |
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How Far Back Does A 5-panel urine Test Go?
| Substance | Detection Time Frame |
|---|
| Cocaine | 2-4 days |
| Marijuana | 2-3 days for light smokers; 5 days for moderate smokers; 10 days for daily smokers; up to 28 days for chronic smokers |
| Opiates | 2-3 days |
| Phencyclidine | ~8 days, or up to 30 days for chronic users |
1 more rowJun 16, 2023
Bank of America does not do pre-employment drug testing. The only time they will drug test is for on the job accidents or if your manager suspects you of being under the influence on the job.
The answer is yes, many banks do require drug testing as part of their hiring process and ongoing employment. Drug testing policies in the banking industry are in place to ensure a safe and productive work environment for employees and customers.
What do companies look for in a urine drug test? ›
Tests are commonly used for five categories of drugs: Amphetamines; Cocaine Marijuana; Opiates; and Phencyclidine (PCP). Additional categories may include barbiturates, Benzodiazepines, ethanol (alcohol), hydrocodone, MDMA, methadone, methaqualone, or propoxyphene.
How long does Delta 8 stay in your system? ›
So they can accumulate over time with regular use. Because their structures are similar, delta-8 is expected to stay in the body for the same amount of time as delta-9 THC. For occasional users, this could be as little as 2 to 5 days. For regular users, it could be up to 15 days.
Does Delta 8 show up on drug tests? ›
Generally, delta 8 can be detected through different types of drug tests within specific timeframes: Urine Test: Delta 8 is usually detectable in urine for up to 48 hours after consumption. However, this period may vary based on individual metabolism and frequency of use.
What drugs will make you fail a DOT drug test? ›
DOT drug tests require laboratory testing (49 CFR Part 40 Subpart F) for the following five classes of drugs:
- Marijuana.
- Cocaine.
- Opiates – opium and codeine derivatives.
- Amphetamines and methamphetamines.
- Phencyclidine – PCP.
The answer is yes, many banks do require drug testing as part of their hiring process and ongoing employment. Drug testing policies in the banking industry are in place to ensure a safe and productive work environment for employees and customers.
Do they drug test at Bank of America? ›
No, Bank of America does conduct a drug test prior to an offer of employment. However, they reserve the right to drug test an employee at any time if substance use is suspected or if a workplace accident occurs.
Do they drug test at Bankers Life? ›
No, Bankers Life does not drug test.
