Merrill Edge Promotion
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Merrill Edge $600 Promotion
Merrill Edge is offering a $600 cash bonus for funding a new account. You can open a regular brokerage account or an IRA to activate the bonus.
Keep reading for the details.
Key Takeaways
• Compared with the deposits needed to trigger it, Merrill Edge’s deposit bonus is relatively small. However, the time required to unlock the funds is shorter than what you will see at other brokers.
• Merrill Edge’s deposit bonus ranges from $100 to $600, with deposit tiers deciding each award.
Merrill Edge Bonus Description
The Merrill Edge Promotion is a deposit match program that benefits new customers.
There are four bonus levels, each unlocked by a qualifying deposit. The first level awards a $100 bonus for a minimum deposit of $20,000. The second level offers a $150 bonus for a deposit of at least $50,000. The third level grants a $250 bonus for a minimum deposit of $100,000. The final level provides a $600 bonus for a deposit of $200,000 or more.
To qualify for the bonus, you must deposit the necessary funds within 45 days of opening your account. Once the initial 45-day period ends, you should keep your funds in the account for an additional 90 days. After that, Merrill Edge will credit your account with the bonus funds in about two weeks.
Best Broker Promotions
Merrill Edge Offer Code Terms
As with every promotional offer, Merrill Edge’s $600 bonus has terms and conditions. It’s good to know these so you can make the most of the offer.
The Merrill Lynch offer is only available for one account. Even if you open and fund two accounts, like a brokerage account and an IRA, the bonus will only apply to one of them.
The funds you use to unlock the bonus payout must be new to Merrill Edge and Bank of America.
Only individual accounts are included in the program. Merrill Edge bonus money cannot be accessed by accounts designated as corporate, business, fiduciary, partnership, or investment club.
Merrill Edge Promotion For Existing Customers
Merrill Edge does not offer a bonus for existing customers at this time.
Merrill Edge Review
Read Merrill Edge Investing Review »
Merrill Edge Fees
Merrill Edge does not require clients to maintain a minimum balance, and there are no commissions on ETF and stocks trading. There are some small regulatory fees, and options do have a per-contract fee of $0.65, but these are very common fees that you’ll see at most other online brokers.
Read a more detailed description of Merrill Edge’s fees here.
Is Merrill Edge Good? Here Are the Pros and Cons
Although Merrill Edge is definitely a good broker, no broker is perfect for everyone. Here are some pros and cons often associated with Merrill Edge to help you decide whether the broker is right for you.
Pros
• Brokerage accounts connect seamlessly with Bank of America banking services and accounts.
• As a zero-commission firm, trading with Merrill Edge is affordable.
• The Merrill Edge mobile app is user-friendly and allows you to manage your investments, trade, and access research from anywhere.
• Merrill Edge provides users with access to various research reports, investment analysis tools, and market data to help inform their investment decisions.
• Investors at Merrill Edge have access to financial advisors and account management.
• A comprehensive set of investment tools is available, including tools to help select investment opportunities, trade, and manage portfolios.
Cons
• Merrill Edge offers many investment vehicles, but Pink Sheets and cryptocurrency access are unavailable.
• Mutual Fund and fixed-income investors can find less expensive options elsewhere.
Updated on 3/1/2025.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
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