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Transfer your IRA

Get up to

when you transfer your current IRA directly into a Merrill IRA and enjoy the benefits of streamlined investing.
Transferring your IRA is a convenient, tax-free way to consolidate your investments. The process (also known as a trustee-to-trustee transfer) is simple, and we're here to help with award-winning service available 24/7.

Why Merrill?

  • Simple flat-rate pricing
  • Full range of investments
  • Access anytime, anywhere
  • Real-time transfersFootnote 1
  • One-on-one advice & guidance
Call us
Or call us 24/7 at
866.460.1282

3 simple steps to transfer your IRA

1. Open a Merrill IRA

You can open an IRA online in minutes—just select the same type of account as the IRA that you're transferring (Traditional or Roth, as an example). Here's what you'll need to open your IRA.
Or call us 24/7 at
866.460.1282
Already have an account? Log in

2. Transfer your IRA assets

Call us 24/7 at 866.460.1282. We'll help you complete the transfer process—all you need is an account statement from your current IRA.
Or once the account is opened, you can complete your transfer with the online transfer tool. You'll need an account name and number from the institution from where you have your current IRA.
Transferring securities from another financial institution typically takes 8-10 business days. There is no fee when you transfer your assets to Merrill.

3. Start investing

Looking for investment advice and guidance?

Meet with a Merrill Financial Solutions Advisor at more than 2,000 select Bank of America financial centers.
Or call us 24/7 at 866.460.1282

Important disclosures

Some transfers may result in tax consequences, penalties or financial risk. Consult your tax and financial professionals before requesting a transfer.
Fees and expenses are subject to change. Please note that other fees and expenses may apply, including early withdrawal penalties and trustee transfer fees. For Merrill Lynch, Pierce, Fenner & Smith Incorporated's standard brokerage fees, please see the Miscellaneous Fees schedule. For Bank of America N.A.'s fees, see your Personal Schedule of Fees.
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.
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