Lloyds Banking Group could slash staff bonuses if employees don't go into the office at least twice a week.
The move came to light as the bank, one of the country's top lenders, steps up its efforts to coax staff back into the office following the shift to remote working stemming from the coronavirus pandemic.
The Times reports the measure applies to around 20% of Lloyds' 60,000 workforce who are considered senior employees.
It is understood office attendance records will be taken into consideration in the next round of bonuses.
The move is indicative of companies beginning to take a firmer stance on working arrangements.
The rise of remote working during the pandemic has led to fears among some bosses surrounding employee productivity, the erosion of corporate culture and the ability of younger staff members to learn from colleagues.
Some Wall Street banks have also taken a firm line on returning to the office, with Goldman Sachs having long told staff to come back in five days a week.