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, you can complete the Transfer of Assets form (PDF) and mail it to us. You'll need the account name and number from the institution 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 Solutions 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
Named "Best for IRAs" and "Best for Roth IRAs," earning 4.5 out of 5 stars from Investopedia 2019 Best Online Brokers AwardsFootnote 2
Named one of the "Best IRA Accounts" and "Best Roth IRA Accounts" in NerdWallet 2020 reviewFootnote 3
Our awards and recognition
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Footnote 
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 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 received 3.5 out of 5 stars overall in Investopedia's Annual Review, February 12, 2019. Investopedia rates online brokers based on over 300 carefully selected variables. Selection of ratings elements was a culmination of 5,498 survey responses, 100+ hours of industry research, and 100 hours of user feedback. Learn more at Investopedia popup. Reprinted with permission of Investopedia. Rankings and recognition from Investopedia 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.
Footnote 
Merrill Edge Self-Directed was named by NerdWallet as one of the "Best IRA Accounts" and "Best Roth IRA Accounts" January 2020. 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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