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 or your cash balance in your Merrill Edge self-directed investment accounts1.
Other ways to trade
Automated phone trades1
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 Other fees may apply. 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.


Online trades
Multi-leg options are charged per leg and contract
Multi-leg options are charged per leg and contract
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
See prospectus for details
No load, No Transaction
Fee funds (NTF)
$39.95 Short Term Redemption Fee applies if held less than 90 days
No load, Transaction
Fee funds (TF)
per online
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 5.750%. Margin interest rates range from 5.000% - 9.125%.
Loan amount
Margin rate
Effective rate
Base -0.750%
$5,000,000 - $9,999,999
Base -0.500%
$1,000,000 - $4,999,999
$500,000 - $999,999
Base +0.625%
$100,000 - $499,999
Base +0.875%
$25,000 - $99,999
Base +2.250%
Less than $25,000
Base +3.375%
The BLR (base) fluctuates with current market conditions. Effective December 16, 2016.
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.

Online Brokerage Account

Annual account fee
Minimum funding requirement

Retirement accounts

Annual account fee
Minimum initial funding requirement

College investing

529 NextGen Direct annual account fee
Minimum initial funding requirement
May not be required for certain
grant-eligible Maine residents.
See Program Description.
UGMA/UTMA Custodial annual account fee
Minimum initial funding requirement

Business accounts

Business Investor Account annual account fee
Minimum initial funding requirement

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
Returned check fee
Stop payment fee
Returned ACH debit fee
Full account transfer fee
(would not be charged in
addition to closeout fees)
Partial account transfer fee
No charge
Closeout fee
retirement accounts
non-retirement accounts
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)
of principal
Unlimited checkwriting
No charge
No charge
Web bill payment
No charge
Wire transfer fee
Domestic or International
Register & ship (non-government security)
statement of security ownership
(DRS Eligible)
physical certificate of security
(Non-DRS Eligible)
Government Security transfer fee
Fund transfer services returns
Trade confirmation copy requests
Return deposits
Overnight mail request
Bond coupon deposit fee
Security reorganization
Past due exchanges for physical securities
Paper statement request
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® online investing accounts.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. 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
Rewards that are truly rewarding

Preferred Rewards offers real benefits and rewards on your Merrill Edge® investment and Bank of America banking account balances. And as your balances grow, so do your benefits.

Learn more
Ready to get started?
Call 24 hours a day, 7 days a week
Simple flat-rate pricing
Preferred Rewards offers real benefits and rewards on your Merrill Edge® investment and Bank of America banking account balances. And as your balances grow, so do your benefits.
2 Comparison table data based on pricing as of 7/6/2016 and excludes special promotional offerings.
a E*TRADE's standard online price for equity, ETF or option trade is $9.99, $7.99 for customers who trade at least 150 times per quarter, $6.99 for customers who trade 1,500+ 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 sweep with your IRA
iii) Or Client of Preferred Rewards Platinum
b) Commissions are waived for 100 online equity trades each month including stock and ETFs on behalf of MLPF&S, for customers who meet any one of the following criteria:
i) A Client of Preferred Rewards Platinum Honors
ii) Or Client of U.S. Trust

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 are eligible to enroll in the Preferred Rewards program if you have an active, eligible 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. SafeBalance Banking accounts do not count towards the account or balance requirements, and do not receive the fee waivers and other benefits of the program. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Employee qualification requirements, please visit the Employee Banking & Investments website. The Preferred Rewards Gold tier does not include the $0 online equity and ETF trades via Merrill Edge®, a benefit that is currently available at the Platinum and Platinum Honors tiers of Preferred Rewards. 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.

The NextGen Plan is a Section 529 plan administered by the Finance Authority of Maine. Before you invest in the NextGen plan, request a NextGen College Investing Plan Program Description from us and read it carefully. The Program Description contains more complete information, including investment objectives, charges, expenses and risks of investing in the NextGen plan, which you should carefully consider before investing. You also should consider whether your home state or your designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's 529 plan. Section 529 plans are not guaranteed by any state or federal agency. Merrill Lynch, Pierce, Fenner & Smith Incorporated is the program manager, underwriter and distributor.

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: 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. Prior to buying or selling an option, clients must receive the options disclosure document "Characteristics and Risks of Standardized Options." Call the Investment Center at 1.877.653.4732 for a copy. A separate client agreement is needed. Orders which involve multiple option transactions will be charged a separate commission on each leg of the option order.

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.

Mutual fund share prices fluctuate in accordance with market and economic conditions and it's possible to lose money by investing in mutual funds.

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.

DRS Eligible refers to securities held electronically at transfer agent (Direct Registration System). Non-DRS Eligible security fee is equal to amount charged to Merrill Edge by the Depository Trust & Clearing Corporation.

ARFV6R35-EXP093017 (PP)