Low Pricing. Plain and Simple

 
Investing with Merrill Edge
No matter how you choose to invest, you can count on affordable pricing and fees that make it easy to do business with us.
 
Online investing & trading
If you want to put your investing ideas into action, online investing and trading is the way to go. You'll have access to a full range of investments, step-by-step guidance, easy-to-use tools and access to award-winning research.Footnote 5 Learn more about online investing & trading

Stocks & ETFs

Everyday low pricing*Footnote asterisk

Pay one flat rate for stocks and ETF trades with an online investing and trading account — regardless of your account balance or how often you trade.

$6.95

$0 trades—up to 100 per monthFootnote 1

Learn how to qualify for up to 100 $0 online stock and ETF trades per month with Preferred Rewards.*Footnote asterisk

$0

Other ways to trade

$6.95
Automated
phone trades*Footnote asterisk
$29.95
Representative
Assisted*Footnote asterisk
*Footnote asterisk 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.

Options

Online trades
$6.95
 
per tradeFootnote **
+
$0.75
 
per contract
 
Multi-leg options are charged per leg and contract
Representative-assisted trades
$29.95
 
per tradeFootnote **
+
$0.75
 
per contract
 
Multi-leg options are charged per leg and contract
Exercised/Assigned
 
$6.95
 
per tradeFootnote **
Footnote ** Other fees may apply. 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 the
fund is held less than 90 days
No load, transaction fee funds (TF)
$19.95
 
per online
transaction
 
$29.95
 
representative-
assisted
transaction
 
Applies to buys, sells and exchanges
Load funds
See the prospectus for the fund's sales charge
No charge for intra-family exchange
Additional fees 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 & bonds

Price & yield as quoted
  • 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

Margin rates

Loan amount
Margin rate
Effective rate
$10,000,000+
Base - 0.750%
5.500%
$5,000,000-$9,999,999
Base - 0.500%
5.750%
$1,000,000-$4,999,999
Base
6.250%
$500,000-$999,999
Base + 0.625%
6.875%
$100,000-$499,999
Base + 0.875%
7.125%
$25,000-$99,999
Base + 2.250%
8.500%
Less than $25,000
Base + 3.375%
9.625%
The BLR (base rate) fluctuates with current market conditions. Effective June 16, 2017.
Questions: Call 888.637.3343 for pricing details.

Account fees

Annual account fee
$0
Minimum initial investment
$0
Exception: 529 NextGen Direct account
$25
 
 
 
$600
 
Get up to $600 when you invest in a new Merrill Edge account. How to qualify for this offer
 

Additional fees & services

Here's a list of additional fees & services for online investing & trading accounts.
Transfers
Returned ACH debit fee
$30
Full account transfer fee
$49.95
(Not charged in addition to closeout fees)
Partial account transfer fee
No charge
Closeout fee
$49.95
Retirement accounts
 
$0
Non-retirement accounts
Return deposit
$20
Wire transfer fee
$24.95
Domestic or international
Security transfers and fees
Register & ship (non-government security)
$25
Statement of security ownership (DRS eligible)
 
$500
physical certificate of security (Non-DRS eligible)
Government security transfer fee
$125
Fund transfer services returns
$10
Bond coupon deposit fee
$5
Security reorganization
$30
Voluntary
 
$0
Mandatory
Past due exchanges for physical securities
$50
Visa® debit card
Visa debit card
$0
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
minimum
Merrill Edge CMA Access® Visa® card
No charge
ATM transaction fee
No charge
Non-Bank of America ATMs may charge a fee for using their ATMs
Check writing & bill payment
Canceled check fee
$3
Returned check fee
$30
Stop payment fee
$25
Unlimited check writing
No charge
Checkbook(s)
No charge
Web bill payment
No charge
Returned ACH debit fee
$30
Statement & documents
Trade confirmation copy requests
$3
Paper statement request
$5
per statement
Overnight mail request
$25
 
 
Enjoy real benefits and rewards on your Merrill Edge investing and Bank of America banking account balances. And as your balances grow, so do your benefits. Learn more about preferred rewards
 

Frequently asked questions

Get answers to questions about our online investing and trading accounts.
How much does it cost to trade?Show answer

Get unlimited online stock and ETF trades for just $6.95 each, with no trade or balance minimums. Learn how to qualify for up to 100 $0 online stock and ETF trades per month with Preferred Rewards.Footnote 1Hide answer

What are $0 trades?Show answer
$0 online stock and ETF trades are available to clients who have an individual or joint Merrill Edge® self-directed brokerage account. Here's how to qualify:

Eligibility: Commissions are only waived for online stock and ETF trades conducted via an individual or jointly owned online investing and trading personal CMA or IRA account.

Qualify for 30 $0 online stock and ETF trades per month (meet any one of these criteria):
  1. $25,000 or more in combined balances in your Bank of America deposit accounts through 09/30/2017
  2. $25,000 or more in combined cash balances in your Merrill Edge online investing and trading personal CMA and/or IRA accounts through 09/30/2017
  3. Preferred Rewards Platinum client
Qualify for 100 $0 online stock and ETF trades per month (meet any one of these criteria):
i) Preferred Rewards Platinum Honors clients
ii) U.S. Trust Client

For details about commissions, transaction fees and any other fees that may apply visit merrilledge.com/pricing. Certain account types are not eligible. Other restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. For full details about ways to qualify for $0 trades, call 888.MER.EDGE (888.637.3343) or visit merrilledge.com/$0detail. Employees who are subject to an AIM policy must adhere to all of the policy guidelines relating to investment activities.
What is options pricing?Show answer

Pay $6.95 per online trade + $0.75 per contract. Multi-leg options are charged per leg and contract.Hide answer

Help when you want it
Turn to us for step-by-step guidance when you have questions or need help getting the most out of Merrill Edge.
Recognized for excellence
J.D. Power 2016 Certified Contact Center
Merrill Edge's Contact Centers have been recognized by J.D. Power for providing "An Outstanding Customer Service Experience" for the Live Phone channel for 6 years in a row. Footnote 2
Barron's 2017 Best Online Brokers
One of the best online brokers, receiving 4 out of 5 stars four years in a row (2014, 2015, 2016, 2017) Footnote 3
Kiplinger's Best Online Brokers 2017
#1 ranked for "Best Online Brokers" 2017, earning 4.5 out of 5 stars overall Footnote 4
Ranked #1 Global Research Firm by Institutional Investor
#1 Global Research Firm for the sixth straight year Footnote 5
Merrill Edge Guided Investing
Select a goal and get an online investment advisory program that combines the best of online investing with professional portfolio management by Merrill Lynch investment professionals—all at a low cost. Learn more about Guided Investing
Annual account fee*
0.45%
Minimum initial investment
$5,000
* There is an annual fee of 0.45% based on the assets held in the account. This fee is charged monthly in advance. 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. To learn more about Merrill Edge pricing, review the Program Brochure.
 
 
Enjoy real benefits and rewards on your Merrill Edge investing and Bank of America banking account balances. And as your balances grow, so do your benefits. Learn more about preferred rewards
 

Additional fees & services

Here's a list of additional fees & services for Merrill Edge Guided Investing accounts.
Transfers
Full account transfer fee
$49.95
(Not charged in addition to closeout fees)
Partial account transfer fee
No charge
Closeout fee
$49.95
Retirement accounts
 
$0
Non-retirement accounts
Return deposit
$20
Wire transfer fee
$24.95
Domestic or international
Statement & documents
Trade confirmation copy requests
$3
Paper statement request
$5
per statement
Overnight mail request
$25

Frequently asked questions

Get answers to questions about Merrill Edge Guided Investing accounts.
Is there a minimum required to invest in a Guided Investing account? Show answer

Yes. There is a $5,000 minimum for each Guided Investing account. Hide answer

What are the costs for the Guided Investing program?Show answer

You can get started with Guided Investing for as little as $5,000. There is a low 0.45% annual fee, which is charged monthly. For example, if your month-end balance is $10,000, next month's fee would be just $3.75.

There are no trading commissions when our portfolio managers buy or sell ETFs in your account's portfolio. However, there are exchange fees charged by third parties, such as a transaction fee of between $0.01 to $0.03 per $1,000 of the principal for sell orders. In addition, there are fees associated with investing in ETFs, which are listed in each ETF prospectus under "Expenses and Charges." For more details about fees, please review the Program Brochure (PDF). Hide answer

Does my Guided Investing account balance count toward my Preferred Rewards tier balance requirement? Show answer

Yes. Preferred Rewards lets you enjoy real benefits and rewards with your Merrill Edge and Bank of America® account balances. Learn more about Preferred Rewards.Hide answer

Help when you want it

Turn to us for step-by-step guidance when you have questions or need help getting the most out of Merrill Edge.

Recognized for excellence

Merrill Edge's Contact Centers have been recognized by J.D. Power for providing "An Outstanding Customer Service Experience" for the Live Phone channel for 6 years in a row.Footnote2
Invest with an advisor
Work one-on-one with a licensed Merrill Edge Financial Solutions Advisor™, who can help you pursue your financial goals and plan for what matters most to you. Learn more about working with an advisor about working with an advisor
General investing
Annual program fee*
0.85%
Minimum initial investment
$20,000
* There is an annual fee of 0.85% on the assets held in the account. This fee is charged monthly in advance. For full fee details, please see the Merrill Edge Advisory Account ADV brochure. Program fees include portfolio management and trading costs, as well as ongoing support. In addition to the annual program fee, funds within each portfolio have their own internal expenses, as would individual securities. Other fees may apply, including those mandated by the SEC; transfer, exchange and fund-redemption fees; conditional deferred sales charges; and markups or markdowns.
Retirement
Annual program fee*
0.85%
Minimum initial investment
$20,000
* There is an annual fee of 0.85% on the assets held in the account. This fee is charged monthly in advance. For full fee details, please see the Merrill Edge Advisory Account ADV brochure. Program fees include portfolio management and trading costs, as well as ongoing support. In addition to the annual program fee, funds within each portfolio have their own internal expenses, as would individual securities. Other fees may apply, including those mandated by the SEC; transfer, exchange and fund-redemption fees; conditional deferred sales charges; and markups or markdowns.
College investing
529 NextGen Select annual account fee
$0
Minimum initial investment
$25
May not be required for certain Maine residents.
Review details about minimum investment
Business accounts
Annual program fee*
0.85%
Minimum initial investment
$20,000
* There is an annual fee of 0.85% on the assets held in the account. This fee is charged monthly in advance. For full fee details, please see the Merrill Edge Advisory Account ADV brochure. Program fees include portfolio management and trading costs, as well as ongoing support. In addition to the annual program fee, funds within each portfolio have their own internal expenses, as would individual securities. Other fees may apply, including those mandated by the SEC; transfer, exchange and fund-redemption fees; conditional deferred sales charges; and markups or markdowns.
 
$600
 
Get up to $600 when you invest in a new Merrill Edge account. How to qualify to get up to $600 with a new online investing and trading account
 

Additional fees & services

Here's a list of additional fees & services for accounts invested with an advisor.
Transfer fees
Full account transfer fee
$0
Partial account transfer fee
$0
Closeout fee
$0
Return deposits
$15
Wire transfer fee
$30 (branch), $$15 (online)
Domestic
 
$0
International
Returned ACH debit fee
$10
Check writing & bill payment
Returned check fee
$25
Stop payment fee
$25
Statement & documents
Trade confirmation copy requests
$3
Paper statement request
$5
per statement
Overnight mail request
$25
 
 
Enjoy real benefits and rewards on your Merrill Edge investing and Bank of America banking account balances. And as your balances grow, so do your benefits. Learn more about preferred rewards
 

Help when you want it

Turn to us for step-by-step guidance when you have questions or need help getting the most out of Merrill Edge.

Recognized for excellence

Merrill Edge's Contact Centers have been recognized by J.D. Power for providing "An Outstanding Customer Service Experience" for the Live Phone channel for 6 years in a row. Footnote 2
Footnote1 $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.Footnote*
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 IRAFootnote*
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 more about the ways to qualify for $0 trades, call 1.888.MER.EDGE (1.888.637.3343).

You maintain your Preferred Rewards status 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.

Footnote* Qualification criteria available through September 30, 2017

Footnote 
J.D. Power 2016 Certified Contact Center ProgramSM recognition is based on successful completion of an audit and exceeding a customer satisfaction benchmark through a survey of recent servicing interactions. For more information, visit www.jdpower.com/ccc.
Footnote 
Merrill Edge was one of 16 brokers evaluated in the Barron's 2017 Best Online Broker Survey, March 18, 2017. Barron's evaluated firms in 8 categories to rate and rank the firms in those categories, by investor type and provide an overall rating & ranking. Learn more at http://webreprints.djreprints.com/53278.html Barron's is a trademark of Dow Jones & Co., L.P. All rights reserved. Reprinted with permission of Barron's.
Footnote 
Merrill Edge was named by Kiplinger's Personal Finance as one of the seven "Best Online Brokers," October 2017. To be included, firms had to offer online trading of stocks, ETFs, funds and individual bonds. Learn more at http://www.kiplinger.com/slideshow/investing/T023-S002-best-online-brokers-2017/index.html from Kiplinger's Personal Finance, October 2017 © 2017 The Kiplinger Washington Editors. Used under License.
Footnote 
Institutional Investor magazine announced BofA Merrill Lynch Global Research as the Top Global Research Firm for 2011-2016 based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. For more information about this award, go to http://www.institutionalinvestor.com/Article/3646543/ResearchArticle.html.
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 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 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.

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.

ARK33KFQ-EXP040718