Benefits of Your IRA Transfer
It's easier to track your progress and make more informed investment decisions when you complete an IRA transfer so all retirement savings are visible all in one place. And if you’re a Bank of America customer, you’ll have the added benefit of viewing your bank accounts and Merrill Edge® retirement accounts from the same page.
When you complete your IRA transfer you have the added benefit of no annual custodial and maintenance fees, which are waived for many Bank of America and Merrill Edge IRAs.1
From mutual funds, stocks, bonds and ETFs offered by Merrill Edge to money market savings and CDs offered by Bank of America, N.A. you’ll have access to an array of investment and banking products designed to fit your needs.2
Easy access to your money
When you're ready to retire, you can easily establish a flexible plan for regular distributions at a frequency that suits your needs.
How to Transfer Your IRA
Open an IRA
Make sure it's the same type of IRA you currently have, for example a Roth or Traditional IRA.
Transfer your IRA assets
Once your account is open, you can access the online application or download the Transfer of Assets form to move your assets. You'll need the account name and account number from the institution where you have your current account to complete your IRA transfer.
Or, simply locate an account statement from your existing IRA and call 1.888.MER.EDGE (888.637.3343). A representative will help you complete the transfer process quickly and easily.
The process outlined here is for the simplest kind of IRA transfer, called "in kind." It lets you keep the same diversification, investments and even the same mutual funds you've already chosen. Call 1.888.MER.EDGE (888.637.3343) to find out which type of transfer is best for you.