Withdrawal via bank transfer is by far the most common option. Merrill Edge withdrawal fees and options snapshotįree withdrawal, but wire transfers in other than USD costs 3%.įree withdrawal, but wire transfers cost $30. So how does Merrill Edge fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from Merrill Edge and how Merrill Edge's withdrawal fees and options compare to some of its close competitors. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve a fee. That doesn't sound very complicated, but brokers differ considerably in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in the speed and convenience of withdrawal. To do that, first you have to withdraw money from your broker account. All rights reserved.Whether you are using an online broker for short-term trading or for longer-term investments, there will come a point when you may want to enjoy the fruits of your trading activity if you've been making profitable transactions, or you just need access to your funds for any reason. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: Are Not FDIC InsuredĪre Not Insured by Any Federal Government AgencyĪre Not a Condition to Any Banking Service or Activityīank of America Corporation. and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. Both are wholly owned subsidiaries of BofA Corp.īanking products are provided by Bank of America, N.A. Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, or U.S. ("MLLA") is a licensed insurance agency and wholly owned subsidiary of BofA Corp.īank of America, N.A., MLLA and MLPF&S, a registered broker-dealer, registered investment adviser, and Member Securities Investor Protection Corporation (SIPC) Securities Investor Protection Corporation (SIPC), are wholly owned subsidiaries of Bank of America Corporation ("BofA Corp."). Investment adviser registration does not imply a certain level of skill or training. MLPF&S and Managed Account Advisors LLC (MAA) are registered investment advisers. Merrill, Merrill Lynch and Merrill Edge investment advisory programs are offered by MLPF&S. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). Additional information is available in our Client Relationship Summary (PDF). Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Clients should consult their legal and/or tax advisors before making any financial decisions. There is always the potential of losing money when you invest in securities.īank of America, Merrill, their affiliates, and advisors do not provide legal, tax, or accounting advice. System availability and response time are subject to market conditions and possible unscheduled outages. Financial Information Routing & Executions Business Continuity Deposit Account & Money Fund Rates (PDF) in a PDF Client Relationship Summary (Form CRS) (PDF)
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