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Bank of America Brokerage Fees, Margin Rates, IRA Fees, Interest, Trading Tools Charges for 2012
DISCONTINUED! New Bank of America Brokerage is now called Merrill Edge: Click for
Merrill Edge Review
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Miscellaneous Fees
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CMA account maintenance fee |
$25 per quarter, per household. Waived if the client meets just one of the
following criteria:
- Has total combined balances of $50,000 or more in Merrill Lynch investment
accounts and Bank of America, N.A. deposit accounts
- Or, executes 60+ trades per year / 15+ trades per quarter in
one or more self-directed accounts
- Or, is a U.S. Trust client
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Minimum deposit for CMA Accounts |
$2,000.00 (Cash or Securities) |
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Merrill Lynch Visa Signature Card Fee (Optional) |
$95.00 |
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Account Transfer Fee |
$95.00 |
Retirement Accounts
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Minimum deposit to open |
$250.00
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Annual Custodial Fee |
None |
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Account Transfer Fee |
$75.00 |
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Overnight Mail (for mandatory distributions only) |
None |
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Closeout Fee |
$75.00 |
Margin Rates
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Effective September 21, 2009 the new ML Base Lending Rate is 5.250% — a decrease
of 0.250%. Subsequently, margin interest rates now range from 4.500% - 8.625%. |
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Loan Amount |
BLR Spread
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Less than $25,000 |
+3.375 |
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$25,000 - $99,999 |
+2.250 |
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$100,000 - $499,999 |
+0.875 |
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$500,000 - $999,999 |
+0.625 |
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$1,000,000 - $4,999,999 |
0.000 |
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$5,000,000 - $9,999,999 |
-0.500 |
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$10,000,000 + |
-0.750 |
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The BLR rate fluctuates with current market conditions. |
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Additional Fees
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Checking |
Free
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Additional Check Printing |
Free |
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Cancelled Check Fee |
$3.00 |
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Trade Confirmation Copy Request |
$3.00 |
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Return Check Fee |
$30.00 |
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Returned ACH Debit Fee |
$30.00 |
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Stop Payment Fee |
$25.00 |
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ATM Transaction Fee |
$1 per transaction |
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Return Deposits |
$20.00 |
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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 |
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Cash Advance Fee (Non-ATM) |
0.25% of principal ($2.50 minimum) |
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Wire Transfer Fee (Fed Funds - Domestic) |
$30.00 |
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Wire Transfer Fee (Fed Funds - International) |
$40.00 |
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Legal Transfer Fee |
$50.00 |
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Register & Ship (Delivery Non-Government Security) |
$500.00 |
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Overnight Mail Request |
$25.00 |
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Municipal Bond Coupon Processing |
$5.00 |
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Government Security Transfer Fee |
$125.00 |
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FTS Return |
$10.00 |
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Past Due Exchanges |
$50.00 |
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Past Due Redemptions |
$50.00 |
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Mandatory Exchange Fee |
$50.00 |
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Optional Exchange Fee |
$30.00 |
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Statement Requests |
$5.00 per statement |
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Fractional Share Fee Liquidation |
10% of proceeds from sale |
ATM transaction fee: Visa Signature cardholders:
the first 52 transactions are free; $1 per transaction thereafter. Some ATM
owners/operators may charge a fee for the use of their machines.
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Bank of America Brokerage Fees are as of 2012 and are subject to change. For most recent information go here:
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