Transfer Your IRA

3 simple steps to transfer your IRA

Transferring your IRA is a convenient and 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.
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, for example). Here's what you'll need to open your IRA popup.
Already have an account? Log in to your account
2.

Transfer your IRA assets

Call us 24/7 at 888.637.3343. 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

Invest with advice when you need it
Invest with a licensed Merrill Financial Advisor, who can help you pursue your financial goals and plan for what matters most to you.

Why Merrill?

Simplified account management—log in once to view and manage your Merrill investment and Bank of America® bank accounts all on one page
 
Real-time transfers—instantly move funds between your Merrill investment and Bank of America bank accountsFootnote 1
 
Mobile account Access anytime, anywhere—see your Merrill investment and Bank of America bank accounts online, on your mobile device and at thousands of Bank of America ATMs
More ways Merrill simplifies investing
Merrill Edge Self-Directed was named one of the "Best IRA Accounts" by NerdWallet 2021 review.Footnote 2
 
Our awards and recognition
Retirement accounts
Footnote 
Other fees may apply. Sales of EFTs 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 Merrill pricing, visit our Pricing page.
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.
Footnote 
Merrill Edge Self-Directed was named by NerdWallet as one of the "Best IRA Accounts", January 2021. NerdWallet evaluates brokers based on investment selection, customer support, account fees, account minimum, trading costs and more. Learn more at Nerdwallet popup. Rankings and recognition from NerdWallet 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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