Merrill Edge Commission Structure

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Merrill Edge fee schedule, IRA account fees, margin rates, cost/price of self-direct trading.

Minimum to open: $0 for a cash account.
Open an account: Open an account with Merrill Edge
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Merrill Edge Stocks & ETFs Commissions

ProductPrice
Stocks and ETFs$6.95
Stocks and ETFs representative assisted $29.95
Stocks and ETFs automated phone trades$6.95
Options $6.95* + $0.75 per contract. Multi-leg options are charged per leg and contract.
Options representative assisted$29.95* + $0.75 per contract. Multi-leg options are charged per leg and contract.
Options exercised/asssigned$6.95*. Multi-leg options are charged per leg and contract.
Mutual funds $19.95
Merrill Edge self-directed mutual funds 0.75% gross proceeds, $50 minimum, $250 maximum
Bonds On a net yield basis

* -- Additional transaction fees In addition to your options commissions, sell orders may be subject a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under "Transaction Fee" on a Trade Confirmation.

$0 trades are only available with an individual or joint Merrill Edge self-directed brokerage account.

  • 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. To learn more about the ways to qualify for $0 trades, call 1.888.MER.EDGE (1.888.637.3343).

In addition to your options commissions, sell orders may be subject a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under "Transaction Fee" on a Trade Confirmation.

Merrill Edge Margin Rates

The ML Base Lending Rate (BLR) is 5.500%. Margin interest rates range from 4.750% - 8.875%.
Loan AmountMargin RateEffective Rate
$10,000,000+Base -0.7505.250%
$5,000,000 - $9,999,999Base -0.5005.500%
$1,000,000 - $4,999,999Base6.000%
$500,000 - $999,999Base +0.6256.625%
$100,000 - $499,999Base +0.8756.875%
$25,000 - $99,999Base +2.2508.250%
Less than $25,000Base +3.3759.375%
The BLR (base rate) fluctuates with current market conditions. Effective March 17, 2017.

Merrill Edge Online Brokerage Account Fees

Annual account fee$0
Minimum funding requirement$0
Full account transfer fee$49.95

Merrill Edge Retirement Accounts (IRA) Fees

Annual custodial fee$0
Minimum initial funding requirement$0
Full account transfer fee$49.95

Merrill Edge College Investing Fees

NextGen Investing 529 annual account fee$0
Minimum initial funding requirementMay not be required for certain grant-eligible Maine residents. For more details visit the official Merrill Edge website.
Closeout fee$0
UGMA/UTMA Custodial annual account fee$0
Minimum initial funding requirement$0
Full account transfer fee$49.95

Merrill Edge Business Account Fees

Business Investor Account annual account fee$0
Minimum initial funding requirement$0
Full account transfer fee$49.95

Merrill Edge Banking/Additional Services Fees

Merrill Edge CMA Access® Visa® cardNo charge
ATM transaction feeNo charge. Non-Bank of America ATM may charge a service fee for using their ATM
Canceled check fee$3.00
Returned check fee$30.00
Stop payment fee$25.00
Returned ACH debit fee$30.00
Partial account transfer feeNo charge
Visa® International transaction fee2% 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
Unlimited check writingNo charge
CheckbooksNo charge
Web bill paymentNo charge
Wire transfer fee$24.95 Domestic or International
Register & ship (non-government security)$25.00 statement of security ownership (DRS Eligible).
$500.00 physical certificate of security (Non-DRS Eligible)
Government Security transfer fee$125
Fund transfer services returns$10
Trade confirmation copy requests$3.00
Return deposits$20.00
Overnight mail request$25.00. No charge for mandatory retirement distributions
Bond coupon deposit fee$5.00
Security reorganization$30.00 voluntary
Past due exchanges for physical securities$50.00
Paper statement request$5 per statement

Merrill Edge fees are as of 2016 and are subject to change. For the most up-to-date information visit Merrill Edge official website. Last updated: 05/05/16.

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