Merrill Edge rating

Merrill Edge Fees, Brokerage Account Commissions (2024)

Merrill Edge fees schedule, commissions, broker stock trading cost, online investing account pricing.

Merrill Edge Stocks and ETF Commissions

Online Trades $0
Representative-assisted trades $29.95

Merrill Edge Options Commissions

Online trades $0.65 per contract
Representative-assisted trades $29.95 + $0.65 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)
Load Funds See prospectus for fund's sales charges
No transaction fees
Intra-family exchange No charge

Merrill Edge Promotion

Visit Merrill Edge Website

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 Interest Rates
$250,000+ 13.88%
$100,000 - $249,999 13.88%
$25,000 - $99,999 13.88%
under $25,000 13.88%

Merrill Edge Base Lending Rate (BLR)

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

Cash Management Accounts Fees

CMA Annual Account Fee

Minimum Initial Funding Requirement $0
Account Transfer 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
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
Account Transfer & Closeout Fee $49.95

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)
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.

Merrill Edge Comparison

Merrill Edge Review and Website Link

Read full Merrill Edge Review.

Merrill Edge fees are as of 2024 and are subject to change. For the most recent information on Merrill Edge fees go to their website:

Merrill Edge

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 Charles Schwab, 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

Merrill Edge now charges $0 commission for stock and ETF trades, and $19.95 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.


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.

About the Author
Arthur Chachuna is a professional personal finance blogger, and the owner of He has been an avid investor for 25 years, and has a background in both applied math and programming.