Merrill Edge ACAT Fees
Merrill Edge applies a
$49.95 ACAT charge when an entire account is transferred out. Partial account transfers are priced at
$0.
If you move your account to Charles Schwab, they will reimburse this ACAT fee.
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Merrill Lynch Account Transfer Fees
| Account | Fee |
|---|
| BIA, CMA, CMA SUB, EMA, EMA SUB, EMA II, IRA (IRA, Roth, IRRA), RCMA, WCMA, WCMA SUB, 401K | $95 |
| RSA, SEP, SIMPLE, BASIC | $75 |
| HSA, MSA | $50 |
| Closeout fee in lieu of transfer fee for IRA, IRRA, Roth | $95 |
| Closeout fee in lieu of transfer fee for SEP, SIMPLE, BASIC | $75 |
| Closeout fee in lieu of transfer fee for HSA | $50 |
Merrill Edge Account Closing Fee
Merrill Edge lists a
$49.95 closeout fee for some account types, including retirement and education accounts. Learn
How to close Merrill Edge account.
Merrill Edge Overview
Merrill Edge is an online discount brokerage with self-directed accounts that have no minimums or annual account fees. The broker operates through
Merrill, which is owned by
Bank of America.
Merrill Edge provides
$0 online commissions on stocks and exchange-traded funds. Clients get a well-built
website with a broad range of educational and research resources at no extra charge. Phone support is available 24/7. Merrill Edge
also offers advanced trading tools, including a detailed trade ticket on the website, mobile apps, and
Merrill Edge MarketPro®, an online trading platform.
The brokerage gives prospective clients a strong mix of features. It offers independent third-party investment research from several
providers, including
BofA Global Research, Morningstar, and CFRA powered by S&P Global. Bank of America banking services are available as well for added convenience.
Step-by-Step Instructions on How to Buy Stocks and ETFs with Merrill Edge
Investors who want to trade stocks through a low-cost brokerage firm may want to consider Merrill Edge. With a strong website, buying and selling equities with the broker is straightforward. Follow the steps below, and you can start trading quickly.
1. Go to MerrillEdge.com and Log In
Sign in at MerrillEdge.com with your User ID and password. If you need help, call Merrill Edge at 1-877-653-4732. Representatives are available 24/7, including technical specialists. After you enter your login details, your brokerage account will appear. You can also connect any Bank of America accounts you have so that all accounts show under one login. If you need help while signed in, click on 'Help & Support' in the upper-right corner of the page.
2. Conduct Research First
Click on 'Research' and choose 'Stocks' from the drop-down menu. In this area, Merrill Edge gives users many helpful resources for researching investments. The firm has a strong stock screener that searches for equities based on filters such as market cap, dividend yield, and P/E ratio. The Merrill Edge website also includes preset screens that focus on useful categories, such as stocks with strong revenue growth or stocks trading near a 52-week low.
Once you have narrowed your search, you can choose a stock. For example, suppose you decide to buy Exxon Mobil (ticker symbol XOM). Enter the ticker or company name in the 'Quote' field. A drop-down menu will appear with several company choices. Select the stock you want. A box with key details about that stock will appear automatically. Information such as dividend yield and a small chart is displayed. You can click on 'Trade' if you have finished your research and are ready to enter a buy order. Clicking on 'Research' will take you to more details about the stock. There, you can find stock reports and ratings from
Morningstar, CFRA powered by S&P Global, and BofA Global Research. These useful documents can help you understand how professional analysts view a possible investment.
Updated on 4/14/2026.
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