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Features
Self-directed investors have access to a wide range of stocks, options, bonds and ETFs and well-known mutual funds, and tools that take the guesswork out of choosing investments.
With an online brokerage account, enjoy an innovative online experience with step-by-step guidance, flexible tools and customizable features built with you in mind.
Unlimited $0 online stock, ETF and options trades — with no trade or balance minimums.Footnote 1 Option contract and other fees may apply.Footnote asterisk *
Access to actionable insights, updates and timely investing ideas from BofA Global Research,Footnote 6 CFRA (powered by S&P Global) and Morningstar.
Are you an active trader? Get even more insights, more capabilities and more control with Merrill Edge MarketPro®Footnote 3

Pricing and fees

Pricing and fees

Straightforward Pricing

Straightforward Pricing
 
Unlimited $0 online stock, ETF and options trades — with no trade or balance minimums.Footnote 1 Option contract and other fees may apply.Footnote asterisk *
Account minimum: $0
AN INVESTMENT ADVISORY PROGRAM
0.45% annual program feeFootnote 5
Other fees may applyFootnote double asterisk **
Qualify for discounted pricing
Account minimum: $1,000
AN INVESTMENT ADVISORY PROGRAM
0.85% annual program feeFootnote 5
Other fees may applyFootnote double asterisk **
Qualify for discounted pricing
Account minimum: $20,000
Account minimum
$0
$1,000
$20,000

#1 for Commissions and Fees

Merrill Edge Self-Directed ranked #1 for Customer Service and #1 for Commissions and Fees, Kiplinger's Personal Finance - Best Online Brokers 2021.
Footnote 
Merrill Edge Self-Directed was ranked 4 out of 11 online brokers by Kiplinger's Personal Finance's "Best Online Brokers," survey August 2021. To be included, firms had to offer online trading of stocks, ETFs, funds and individual bonds. Results based on ratings in the following categories: commissions and fees, investment choices, mobile app, tools, research, advisory services and customer service. Rankings for subcategories may vary Learn more at Kiplinger's Personal Finance popup, August 2021 © 2021 The Kiplinger Washington Editors. Used under License. Merrill provides access to research from BofA Global Research, CFRA (powered by S&P Global), Morningstar and others. Rankings and recognition from Kiplinger's are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
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FAQs

FAQs
  • Easily transfer available funds between your Bank of America bank and Merrill investment accounts.Footnote 4
  • Put your own investing ideas into action with access to a full range of investment choices.
  • Monitor your portfolio and stay on top of your investments anytime, anywhere on your mobile device.
  • Self‑directed investors can manage everyday transactions with services such as check-writing, a Visa® deferred debit card and web bill pay.

    If you need help, call us at 888.637.3343888.637.3343
  • You have choices when it comes to brokerage accounts. Open an individual account, a joint account, or if you're investing on behalf of a minor, open a custodial account.

    Have questions? Talk to a Merrill rollover specialist at 888.637.3343888.637.3343.
Fund in one of four ways:
  1. Real-time instant fundingFootnote 4 — same-day funding from your eligible linked Bank of America bank account and your new Merrill online brokerage account (transfers from your eligible linked accounts at other financial institutions take up to three business days to process and clear)
  2. Fund by wire transfer — next-day funding from accounts at other financial institutions received by 4 p.m. ET will post to your new Merrill account the next day
  3. Fund by check — send a personal, cashier or bank check to:

    Merrill
    P.O. Box #962
    Newark, NJ 07101-0962

    Deposited funds typically post to the account within two days of receipt. Funds are available for investment when posted, but can be held from withdrawal for up to eight days.
  4. Transfer an account — the transfer of securities or accounts held at another financial institution typically takes 5+ business days. Moving securities from one of your Merrill accounts to another is real time.
Access a full range of investments, including: stocks, exchange-traded funds (ETFs), bonds and thousands of well-known mutual funds.
For a simpler approach, consider opening a Merrill Guided Investing account where you can invest with a low-cost portfolio built, managed and rebalanced by the investment professionals at Merrill.Footnote 2,5
  • Yes. Self-directed investors can write an unlimited number of checks from their brokerage accounts.

Help when you need it

Footnote asterisk 
Other fees may apply. Free and $0 means there is no commission charged for these trades. $0 option trades are subject to a $0.65 per-contract fee. Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill pricing, visit our Pricing page.
Footnote double asterisk 
Other fees may apply. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs and mutual funds. To learn more about pricing, visit our Pricing page.
Footnote 
Merrill waives its commissions for all online stock, ETF and option trades placed in a Merrill Edge® Self-Directed brokerage account. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer and processing and termination apply. $0 option trades are subject to a $0.65 per-contract fee. Other fees and restrictions may apply. Pricing is subject to change without advance notice.
Footnote 
The Chief Investment Office (CIO) develops the investment strategies for Merrill Guided Investing and Merrill Guided Investing with Advisor, including providing its recommendations of ETFs, mutual funds and related asset allocations. Managed Account Advisors LLC (MAA), Merrill's affiliate, is the overlay portfolio manager responsible for implementing the Merrill Guided Investing strategies for client accounts, including facilitating the purchase & sale of ETFs and mutual funds in client accounts and updating account asset allocations when the CIO's recommendations change while also implementing any applicable individual client or firm restriction(s).

You may also be able to obtain the same or similar services or types of investments through other programs and services, both investment advisory and brokerage, offered by Merrill; these may be available at lower or higher fees than charged by the Program. The services that you receive by investing through Merrill Guided Investing or Merrill Guided Investing with Advisor will be different from the services you receive through other programs. You may also be able to obtain some or all of these types of services from other firms, and if they are available, the fees associated with them may be lower or higher than the fees we charge.
Footnote 
Merrill Edge MarketPro® is available to clients who maintain a Merrill Edge® Self-Directed relationship. Not available to investment professionals or for trust accounts and business accounts. Relationship requirements and pricing are subject to change.
Footnote 
Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.
Footnote 
Merrill Guided Investing and Merrill Guided Investing with Advisor have an annual program fee of 0.45% and 0.85%, respectively, based on the assets held in the account. This fee is charged monthly in advance. In addition to the annual program fee, the expenses of the investments will vary based on the specific funds within each portfolio. Actual fund expenses will vary; please refer to each fund's prospectus. To learn more about pricing, visit the Merrill Guided Investing Program Brochure (PDF) or the Merrill Guided Investing with Advisor Program Brochure (PDF).
Please review the applicable Merrill Guided Investing Program Brochure (PDF) or Merrill Guided Investing with Advisor Program Brochure (PDF) for information including the program fee, rebalancing, and the details of the investment advisory program. Your recommended investment strategy will be based solely on the information you provide to us for this specific investment goal and is separate from any other advisory program offered with us. If there are multiple owners on this account, the information you provide should reflect the views and circumstances of all owners on the account. If you are the fiduciary of this account for the benefit of the account owner or account holder (e.g., trustee for a trust or custodian for an UTMA), please keep in mind that these assets will be invested for the benefit of the account owner or account holder. Merrill Guided Investing is offered with and without an advisor. Merrill, Merrill Lynch, and/or Merrill Edge investment advisory programs are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and Managed Account Advisors LLC ("MAA") an affiliate of MLPF&S. MLPF&S and MAA are registered investment advisers. Investment adviser registration does not imply a certain level of skill or training.
Footnote 6 BofA Global Research is research produced by BofA Securities, Inc. ("BofAS") and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation.

Options involve risk and are not suitable for all investors. Certain requirements must be met to trade options. Before engaging in the purchase or sale of options, investors should understand the nature of and extent of their rights and obligations and be aware of the risks involved in investing with options. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options (PDF)" before considering any option transaction. You may also call the Investment Center at 877.653.4732 for a copy. A separate client agreement is needed. Multi-leg option orders are charged one base commission per order, plus a per-contract charge.

The maximum loss, gain and breakeven of any options strategy only remains as defined so long as the strategy contains all original positions. Trading, rolling, assignment, or exercise of any portion of the strategy will result in a new maximum loss, gain and breakeven calculation, which will be materially different from the calculation when the strategy remains intact with all of the contemplated legs or positions. This is applicable to all options strategies inclusive of long options, short options and spreads.

Long options are exercised and short options are assigned. Note that American-style options can be assigned/exercised at any time through the day of expiration without prior notice. Options can be assigned/exercised after market close on expiration day.
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Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary (PDF).

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp").
Merrill Lynch Life Agency Inc. (MLLA) is a licensed insurance agency and wholly owned subsidiary of BofA Corp.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity


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