TD Ameritrade 300
Merrill Edge rating

Merrill Edge Fees Schedule, IRA and Brokerage Account Commissions and Pricing


2018 Merrill Edge fees schedule, commissions, broker stock trading cost, charges, online investing account pricing, cash sweep rates.



Merrill Edge Stocks and ETF Commissions


Online Trades $6.95
Representative-assisted trades $29.95
Automated phone trades
telephone system
$32.50



Merrill Edge Options Commissions


Online trades $6.95 + $0.75 per contract
Representative-assisted trades $29.95 + $0.75 per contract



Merrill Edge Mutual Funds Commissions


Load Waived, No Transaction Fee Funds (NTF) No charge per transaction
No Load, No Transaction Fee Funds (NTF) No charge per transaction
No Load, Transaction Fee Funds (TF) $19.95 per online transaction $29.95 per representative-assisted transaction
NTF Short-Term Redemption Fees
(if held less than 90 days)
$39.95
Load Funds See prospectus for fund's sales charges
No transaction fees
Intra-family exchange No charge



Fixed Income


U.S. Treasury: Bills, Notes, Bonds Price and yield as quoted
Agency: Discount, Notes, Bonds
Zero Coupon Bonds: Corporate, Government, Agency
Municipal Bonds
Corporate Bonds
Brokered Certificates of Deposit



Merrill Edge IRA Fees


Fee Amount
Merrill Edge IRA setup fee $0
Merrill Edge annual IRA fee $0
Merrill Edge IRA termination fee $49.95
Merrill Edge account maintenance fee $0
Merrill Edge account inactivity fee $0
Merrill Edge outbound full account transfer (ACAT) fee $49.95
Merrill Edge outbound partial account transfer fee $0



Merrill Edge Margin Rates


Debit Balance Margin Rate
above $10,000,000 6.500%
$5,000,000 - $9,999,999 6.750%
$1,000,000 - $4,999,999 7.250%
$500,000 - $999,999 7.875%
$100,000 - $499,999 8.125%
$25,000 - $99,999 9.500%
under $25,000 10.625%



Merrill Edge Base Lending Rate (BLR)


The Merrill Edge Base Lending Rate (BLR) is 7.00%.



Cash Management Accounts Fees


CMA Annual Account Fee

None
Minimum Initial Funding Requirement $0
Account Transfer Fee $49.95



Merrill Edge IRA Fees


Annual Custodial Fee None
Minimum Initial Funding Requirement
$0
Account Transfer & Closeout Fee $49.95



College Investing Fees


NextGen Direct 529
Annual Account Fee None
Minimum Initial Funding Requirement
$25. Initial funding may not be required for certain grant-eligible Maine residents.
All fees and expenses are described in the Program Description
Closeout Fee None
UGMA/UTMA Custodial
Annual Account Fee
None
Minimum Initial Funding Requirement $0
Account Transfer Fee $49.95



Merrill Edge Business Accounts Fees


WCMA/BIA Account Annual Account Fee None
Minimum Initial Funding Requirement
$0
Account Transfer & Closeout Fee $49.95



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Additional Merrill Edge Fees


Merrill Edge CMA Access Visa card No charge
ATM Transaction Fee

No charge

Some ATM owners/operators may charge a fee for the use of their machines.

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)
Checkwriting
No charge
Additional Check Printing No charge
Bill Payment No charge
Cancelled Check Fee $3
Returned Check Fee $30
Stop Payment Fee $25
Returned ACH Debit Fee $30
Partial Account Transfer No charge
Wire Transfer Fee $24.95 Domestic or International
Register & Ship (Delivery 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
Trade Confirmation Copy Request $3
Overnight Mail (for Mandatory Retirement distributions only) No charge
Return Deposits $20
Overnight Mail Request $25
Bond Coupon Deposit Fee $5
Past Due Exchanges $50
Security Reorganization $30 Voluntary
Paper Statement Request $5 per statement
Full Account Transfer Fee (ACAT Fee) $49.95


Please note that fees and commissions apply only to Merrill Edge self-directed investing accounts. These do not apply to any other Merrill Lynch, Pierce, Fenner & Smith accounts.

Please remember there's always the potential of losing money when investing in securities.

1$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.
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 II sweep with your IRA
iii) Or Client of U.S. Trust
iv) Or Client of Platinum Privileges
v) 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 Banking Rewards Wealth Management U.S. Trust


Merrill Edge Review and Website Link


Read full Merrill Edge Review.

Merrill Edge fees are as of 2018 and are subject to change. For the most recent information on Merrill Edge fees go to their website:


Merrill Edge Fees






Merrill Edge IRA Overview


Merrill Edge, or ME, is the on-line retail brokerage arm of Merrill Lynch Bank of America. Merrill Lynch is known for its expert personalized service to high net worth and ultra high net worth clients, with the average account holder having $250,000 to $1,000,000 on deposit. For those of us with less than the minimum amount for a private wealth manager, Merrill Lynch offers Merrill Edge.

Merrill Edge is essentially a discount brokerage firm designed to compete with TD Ameritrade, and other brokers offering low priced trades. The difference that set Merrill Edge apart is simple: the owner of a Merrill Edge account enjoys not only low account minimums, but equity trades for the budget conscious with access to the full array of the same equities and mutual fund research as a full service account. For those that perform more than just casual research Merrill Edge potentially have a lot to offer. Where other discount brokers rely on outside sources for research, Merrill Edge provides its account holders with in house research, which has in the past won awards for quality... well, until the company almost went bankrupt and got saved at the last minute by the US government.


Merrill Edge Fees


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Merrill Edge now charges $6.95 commission for stock and ETF trades, and $39.95 for mutual fund transactions. The firm does not have an annual IRA and setup IRA fees. Minimum to open a retirement account is just $250.

The buying and selling of equities in a Merrill Edge account is easy and intuitive. In order to do this, the account holder would toggle to the “Trade” tab (after accessing information on the “Research & Insights” tab) and select “Buy” or “Sell.” The stock Symbol would then be entered as well as the quantity of shares. Next the Order type is selected, Preview Order, then Fill Order.

Mutual fund buying is just as easy, but without the option to sell a fund short or enter a limit order. Mutual fund orders go in at the end of the day, and are usually posted to the account holders balance by 5:00 PM Eastern that day.

Merrill Edge offers an App for the iPhone that allows for the scanning of a check that is to be deposited into the brokerage account. The scanning of a check takes the place of mailing in a check to Merrill Edge’s offices, and greatly speeds up and simplifies paper check based deposits. Of course, the simplest way is to deposit a check into a brick and mortar bank, wait for the check to clear overnight, and then use the transfer funds feature to move the money from the bank to the Merrill Edge account. This method is by far the one that gives the account holder a sound feeling that the deposit will arrive in time and with good funds, ready to trade.


Conclusion


Merrill Edge provides basic selection of IRA accounts, which is unusual for such a big company. The brokerage firm has decent trading tools and spotty customer service. It is still a good choice for an IRA account but there are better options available.