Low Pricing. Plain and Simple

Investing Costs
Saving more on every trade is easy with Merrill Edge®. Compare and you'll see we offer some of the lowest online pricing in the industry—lower than Fidelity, Schwab and E*Trade.2

Stocks & ETFs

Everyday low pricing1
Pay one flat rate for stocks and ETFs with a self-directed investment account—regardless of your account balance or how often you trade.
$6.95 everyday low trading price
$0 trades—up to 30 per month3
Learn how to qualify for up to thirty $0 trades for online equity and ETF trades per calendar month based on your deposit balance at Bank of America on your cash balance in your Merrill Edge self-directed accounts1.
$0
Other ways to trade
$6.95
Automated phone trades1
$29.95
Representative assisted1
 
Talk to a Merrill Edge Financial Solutions Advisor
Prefer to work with a Merrill Edge Financial Solutions Advisor™?
Call 1.888.609.4635 for pricing details.
1 Additional transaction and management fees
Other management and transaction fees may apply. In addition to your stock, ETF or option commission, sell orders may also be subject to a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under "Transaction Fee" on a Trade Confirmation. Your stock or ETF commissions sell orders may also be subject to a fractional share liquidation fee of 10% of proceeds. There are other fees associated with investing in ETFs, Read the "Expenses & Charges" sections of the prospectus to find out what they are. Contact us to obtain a prospectus.

Options

Online trades
$6.95
per
trade4
$0.75
per
contract
 
Multi-leg options are charged per leg and contract
Representative-assisted
trades
$29.95
per
trade4
$0.75
per
contract
 
Multi-leg options are charged per leg and contract
Exercised/Assigned
$6.95
per
trade4
4Additional transaction fees
In addition to your options commissions, sell orders may be subject a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under "Transaction Fee" on a Trade Confirmation.

Mutual funds

Load waived funds
$0
per
transaction
 
 
 
See prospectus for details
No load, No Transaction
Fee funds (NTF)
$0
per
transaction
 
 
 
$39.95 Short Term Redemption Fee applies if held less than 90 days
No load, Transaction
Fee funds (TF)
$19.95
per online
transaction
$29.95
per representative- assisted transaction
 
Applies to buys, sells and exchanges
Load funds
See prospectus for fund's sale charges
Additional fees and expense may apply.
There are costs associated with owning a mutual fund, such as annual operating fees and expenses. This and other important information is included in the prospectus, which should be read carefully before investing. Contact us to obtain a fund's prospectus. For more information about investing in mutual funds at Merrill Lynch, please read the Mutual Fund Investing at Merrill Lynch pamphlet or consult our glossary.

Fixed income

U.S. Treasury: bills, notes and bonds
Agency: discounts, notes and bonds
Zero coupon bonds: corporate, government and agency
Municipal bonds
Corporate bonds
Brokered certificates of deposit
Price and yield as quoted

Margin rates

The ML Base Lending Rate (BLR) is 5.250%. Margin interest rates range from 4.500% - 8.625%.
Loan amount
Margin rate
Effective rate
$10,000,000+
Base -0.750
4.500
$5,000,000 - $9,999,999
Base -0.050
4.750
$1,000,000 - $4,999,999
Base
5.250
$500,000 - $999,999
Base +0.625
5.875
$100,000 - $499,999
Base +0.875
6.125
$25,000 - $99,999
Base +2.250
7.500
Less than $25,000
Base +3.375
8.625
The BLR (base) fluctuates with current market conditions. Effective October 10, 2009.
Call for pricing questions Questions? Call 1.888.637.3343 for pricing details.
Account Fees
Our transparent, easy-to-understand fee structure means no unexpected charges—and no surprises. Keeping it simple makes it easy for you to keep your costs in check.

General Investing Account

Annual account fee
$0
 
Minimum funding requirement
$0
 
Full account transfer fee
$49.95
 

Retirement accounts

Annual custodial fee
$0
 
Minimum initial funding requirement
$0
 
Full account transfer or closeout fee
$49.95
 

College investing

NextGen Investing 529 annual account fee
$0
 
Minimum initial funding requirement
$25
May not be required for certain
grant-eligible Maine residents.
See Program Description.
Closeout fee
$0
 
UGMA/UTMA Custodial annual account fee
$0
 
Minimum initial funding requirement
$0
 
Full account transfer fee
$49.95
 

Business accounts

Business Investor Account annual account fee
$0
 
Minimum initial funding requirement
$0
 
Full account transfer fee
$49.95
 

Additional services

At Merrill Edge, we know that sometimes you'll need a few extra special services. And we're always here when you need us.
Merrill Edge CMA Access® Visa® card
No charge
 
ATM transaction fee
No charge
Non-Bank of America ATM may charge a service fee for using their ATM
Cancelled check fee
$3.00
 
Returned check fee
$30.00
 
Stop payment fee
$25.00
 
Returned ACH debit fee
$30.00
 
Partial account transfer fee
No charge
 
Visa® International transaction fee
2% of the U.S. dollar amount of all transactions occurring outside the U.S. that are submitted to Visa in a currency other than U.S. dollars
Visa® cash advance fee (non-ATM)
0.25%
of principal
$2.50
of principal
Unlimited checkwriting
No charge
 
Checkbooks
No charge
 
Web bill payment
No charge
 
Wire transfer fee
$24.95
Domestic or International
Register & ship
$500.00
delivery non-government security
Government Security transfer fee
$125.00
 
Fund transfer services returns
$10.00
 
Trade confirmation copy requests
$3.00
 
Return deposits
$20.00
 
Overnight mail request
$25.00
No charge for mandatory retirement distributions
Bond coupon deposit fee
$5.00
 
Security reorganization
$30.00
voluntary
Past due exchanges for physical securities
$50.00
 
Paper statement request
$5.00
per statement
Offers & Rewards

Count on more value and extra benefits when you invest with Merrill Edge. See for yourself how easy it is to take advantage of our latest offers.

Special pricing

$0 online trades1 — up to 30 per month

Qualify for thirty $0 online equity and ETF trades1 per month when you have $25,000 in cash in your Bank of America banking or Merrill Edge® self-directed investing accounts, or if you maintain Platinum Privileges® status.3 How to qualify | See pricing details for other transaction and management fees

1Additional transaction and management fees
Other management and transaction fees may apply. In addition to your stock, ETF or option commission, sell orders may also be subject to a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under "Transaction Fee" on a Trade Confirmation. Your stock or ETF commissions sell orders may also be subject to a fractional share liquidation fee of 10% of proceeds. There are other fees associated with investing in ETFs, Read the "Expenses & Charges" sections of the prospectus to find out what they are. Contact us to obtain a prospectus.

Current offers

$600 in your account

Get up to $600 when you enroll, open and fund a new Merrill Edge investment account or IRA—and start enjoying all the benefits of Merrill Edge.

How to qualify
Get $50 in your 529 Plan

Open a NextGen College Investing Plan® with $5,000 and we'll add $50 to your account.

How to qualify
Ready to get started?
1.888.637.3343
Call 24 hours a day, 7 days a week
2 Comparison table data based on pricing as of of 6/30/2014 and excludes special promotional offerings.
a E*Trade equity commissions are $7.99 for customers who trade at least 150 times per quarter
b For TD Ameritrade ETFs: the ETF must be on list of 100+ commission-free ETFs and must be held for a minimum of 30 days in order to not incur a fee. Also, the user must be enrolled to qualify.
c Price per non-Schwab ETF
d Price per non-iShare ETF

3 $0 trades are only available with an individual or joint Merrill Edge self-directed brokerage account. When placing a trade, Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) determines whether you meet the balance or relationship requirements to qualify that trade for the $0 waiver. To determine the number of qualifying trades, MLPF&S adds the qualifying trades in your individual accounts and joint accounts. Commission fees apply when qualification requirements are not met, or when you exceed the number of qualifying trades a month. Brokerage fees associated with, but not limited to, margin transactions, option trading, special stock registration/gifting, account transfer and processing, research request and termination apply.

a) Commissions are waived for 30 online equity trades each month including stock and exchange traded funds (ETFs) on behalf of MLPF&S, for customers who meet any one of the following criteria:
i) Combined total of $25,000 or more in your deposit accounts at Bank of America, N.A.. MLPF&S adds the average collected balances in your deposit accounts as of the prior month to the balances in your bank CD and IRAs as of the prior business day. Bank deposit accounts with the same Social Security number (SSN) as the SSN(s) on the self-directed brokerage account are systematically included in the balance determination. Standard deposit account fees apply.
ii) Or combined balance of $25,000 or more in cash balances in one or more of the following sweep options in your Merrill Edge self-directed account(s) as of the prior business day:

- Bank Deposit Accounts sweep option with your Cash Management Account® (CMA®)
- Retirement Assets Savings Program II sweep with your IRA

iii) Or Platinum Privileges clients.
iv) Or Preferred Rewards Platinum clients.
b) Commissions are waived for 100 online equity trades each month, including stock and ETFs, on behalf of MLPF&S, for Preferred Rewards Platinum Honors clients.

This offer does not apply to Business/Corporate Accounts, Investment Club Accounts, Partnership Accounts and certain fiduciary accounts held at MLPF&S. Other fees and restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. To learn about additional ways to qualify for $0 trades, call 1.888.MER.EDGE (1.888.637.3343).

You automatically enjoy status in the Platinum Privileges® program if you have an active Bank of America personal checking account and maintain at least $50,000 as a combined balance in your Bank of America deposit accounts and/or your Merrill Edge brokerage accounts. Platinum Privileges® is not available to U.S. Trust and Merrill Lynch Wealth Management clients. Please speak with your U.S. Trust advisor or Merrill Lynch Financial Advisor for information about the enhanced banking benefits available to you through your wealth management relationship. We will no longer enroll customers into the Platinum Privileges program under the following schedule: as of June 30, 2013 in the states of KS, MO, NV, SC and WA; as of May 31, 2014 in the states of AR, IA, MA, ME, NH, NM, OK, RI, TX, AZ, CA, ID and OR; as of July 26, 2014 for all other states.

You qualify for benefits in the Preferred Rewards program if you enroll in the program, have an active Bank of America personal checking account and maintain a three month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill Edge and Merrill Lynch investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. For details on Employee qualification requirements, please visit the Employee Banking & Investments website. Customers will be able to enroll in Preferred Rewards under the following schedule: beginning September 2013 in the states of KS, MO, NV, SC and WA; beginning June 23, 2014 in the states of AR, IA, MA, ME, NH, NM, OK, RI and TX; beginning June 28, 2014 in the states of AZ, CA, ID and OR; beginning September 8, 2014 in the states of MI, IL, IN, TN, NC, GA, FL; and all other states beginning September 29, 2014. Merrill Lynch Wealth Management clients with greater than $250,000 in assets with Bank of America and Merrill Lynch are eligible for additional banking benefits. Please speak with your Merrill Lynch Financial Advisor for details.

Equity securities sold through Merrill Edge self-directed investing are subject to stock market fluctuations that occur in response to economic and business developments.

Options Trades: Option trading entails significant risk and is not appropriate for all investors. Certain requirements must be met to trade options through Merrill Lynch, Pierce, Fenner & Smith Incorporated. Options may not be suitable for all investors. Please read the options disclosure document entitled "Characteristics and Risks of Standardized Options" before considering any option transaction. Contact 1.877.653.4732, Monday - Friday, 7:30 a.m. to midnight, and Saturday, 8 a.m. to 9 p.m., Eastern for a copy. A separate client agreement is required to trade options.

Mutual Funds: While no-load funds do not assess sales charges, fund shares are subject to management fees and certain other expenses. Redemption fees may also apply. Merrill Lynch receives remuneration from participating fund companies. In addition to receiving dealer concessions and asset-based sales charges and/or services fees in connection with clients' purchasing and holding mutual fund shares, Merrill Lynch and its affiliates provide other services for which they may receive additional compensation from funds or their affiliates. This compensation is generally disclosed in a fund's prospectus which is available from an Investment Center representative and in the Guide to Mutual Fund Investing, which is available here. For specific mutual fund family compensation information, please contact the Investment Center.

Fund shares may be redeemed directly with the Fund without payment of the Merrill Lynch Short-Term Redemption fee. Additional transfer fees may apply.

Many Load Funds offer various sales charge discounts or waivers depending on the terms of the prospectus and/or statement of additional information. You should consult a fund's prospectus and/or statement of additional information to determine whether you may qualify for a discount or waiver. Notify an Investment Center representative if you believe you qualify for any of these discounts or waivers. Call the Investment Center at 1.877.653.4732 for assistance.

Fixed Income: Fixed income orders contain order information on Agency Discounts/Notes/Bonds, Certificates of Deposit, Corporate Bonds, Municipal Bonds and Treasury Bond investment vehicles.

Exchange Traded Funds are subject to risks similar to those of stocks. Investment returns may fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost.

A Brokered Certificate of Deposit is different than a bank Certificate of Deposit. It is sold for a bank by a broker while a Certificate of Deposit can be purchased directly from a bank. Brokered CDs may offer higher rates of return, but their value may fluctuate with changing interest rates. Banking products are provided by Bank of America, N.A. and affiliated banks. Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

The offering of cash rewards, free trades, waiver of fees (including account fees), and/or any other thing of value may not be used as an inducement to sell any kind of insurance, including life insurance or annuities.

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