How to qualify for $0 trades
Commissions are waived for online stock and ETF trades conducted via individual or jointly owned self-directed Merrill Edge online brokerage accounts and/or IRA when you enroll in Bank of America Preferred Rewards program and qualify as follows:
- Qualify for 10 $0 online stock and ETF trades per month as a Preferred Rewards Gold member
- Qualify for 30 $0 online stock and ETF trades per month as a Preferred Rewards Platinum member
- Qualify for 100 $0 online stock and ETF trades per month as a Preferred Rewards Platinum Honors member
Preferred Rewards Program Eligibility. You can enroll, and maintain your membership, in the Bank of America Preferred Rewards
® program if you have an active, eligible personal checking account with Bank of America
® and maintain the balance required for one of the balance tiers. The balance tiers are $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Balances include your combined, qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either:
- a three-month combined average daily balance in your qualifying deposit and investment accounts, or
- a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account.
Refer to your
Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Bank of America Private Bank clients qualify to enroll in the Diamond Tier regardless of balance and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill and Private Bank balances. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Bank of America employee qualification requirements, please call Employee Financial Services or refer to the Bank of America intranet site. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible to participate on customized terms. Refer to
CEBI Program for details.
You may also qualify for 30 $0 online stock and ETF traders per month if you have $25,000 or more in combined balances in your Bank of America deposit accounts or $25,000 or more in combined cash balances in your Merrill Edge self-directed Merrill Edge online brokerage accounts and/or IRA accounts through 09/30/17.
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 us 24/7 at 888.637.3343.
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, visit merrilledge.com/pricing.