Merrill Edge Login: Have you heard of Merrill Edge?
Merrill Edge is an online investment platform of Bank of America Merrill Lynch. It was developed from the union of firms Bank of America and Merrill Lynch, a financial services industry used to trade stocks, mutual funds, exchange-traded funds, and more. Merrill Edge was named one of the best online brokers for six years from 2014-2019 and it was noticed by J.D Power as the firm for excellent customer support for eight years.
A direct investor uses Merrill Edge online brokerage platform to trade stocks, options contracts, and more. Since it is an online broker, charges and fees are lesser when compare to the full service of the firm.
In summary, Merrill Edge offers access to online and advised investing, brokerage, trading, and banking services. Also, it provides financial and research counselors. Merrill Edge provides investors with an easy way to manage their brokerage needs and banking. Customers can enroll for Bank of America’s preferred Rewards program which gives discounts such as preferred pricing on Merrill Guided Investing accounts.
Also, there are discounts on auto loan interest rates, ATM transactions, and mortgage fees. When you have a high average daily balance in your Bank of America and Merrill investment accounts, the more your benefits. This makes Bank of America customers to be tempted to open a Merrill Edge account.
Pros and Cons of Merrill Edge
Merrill Edge is one of the best online brokers. However, like every other broker, it has its own shortcomings. But the pros are more than the cons.
Pros
- Combine with Bank of America
- There’s no minimum fee for self-directed accounts
- Has 24/7 outstanding customer service
- Offers strength to earn free trades
- Investment options, ETFs, stocks, and bonds to mutual funds
- Friendly user networking
- Research resources from Bank of America and Merrill Lynch
Cons
- High charges when compared to other online brokers
- Limited platform capabilities
Usability
How do I start with Merrill Edge? It’s quite simple, most especially when you are already a Bank of America customer. You can access your account balance when you log in to the Merrill Edge website. Also, you can view portfolio performance and market updates. You can make use of the tool that is available to open the MarketPro platform which is for all customers in spite of the account size.
You can not customize the website but design the layout and set a default trading in the MarketPro. However, a more advanced MarketPro platform enables traders to customize an account to view certain information. You can rearrange the information, and drop or drag windows into your custom view.
Merrill Edge and MarketPro have a mobile app that is available on Android and iOS. It provides news and quotes. Also, you can track, and manage MarkerPro watchlists on the app.
Trading Experience
if you are new here, trading in Merrill Edge is easy and straightforward. Traders enjoy the MarketPro trading platform, this platform gives several customize options such as font size, layouts, alerts, color schemes, and more. Also, it offers 36 technical analysis studies and Nasdaq Level II quotes, interactive charting, and more. MarketPro and mobile give streaming real-time quotes, you can view several devices together.
Account and Investment Minimums
Merrill Edge offers advanced research and trading abilities, and regardless of this, there’s no minimum account balance to invest on the self-directed platform. Though if you deposit more money, you will have good offers, but you can open an account without having to make a deposit.
Merrill Edge account types
Merrill Edge has several accounts you can choose from, these include:
Online Brokerage Account:This is a general investing account, with just one person. It has no minimum deposit.
Joint Brokerage Account: This is also a general investing account but with two persons. It has no minimum deposit.
Trust:This is an account owned by a person on behalf of other persons.
Custodial Account:This is a general account for beneficiaries. There’s no minimum deposit
Rollover/Traditional/ Roth IRA:Type of retirement savings account with tax benefits. There’s no minimum deposit.
How to open your account
To open an account is not difficult. You have to go through a 5-step registration process which takes about 20 minutes. You will be asked to provide your personal information and verify your identity and address by entering the following:
- Address, marital status, date of birth
- Are you a US resident
- Social Security Number
- Phone number
- Net worth and primary source of household income
Mobile and Emerging
Merrill Edge mobile app has well-designed features and tools that is also available on the desktop platform. The app has a dashboard that you can customize, you can launch trades on the app, analyst ratings, and news headlines. But the app does not allow chart trading or chart drawing. However, you can select the Trade icon in the chart header which prefills the order ticket with the symbol information.
You can access your Merrill Edge account on the go at any time with both Android and iOS mobile apps. You can log in to your Merrill Edge account on your computer and mobile devices.
How To Log in to Your Merrill Edge Account from a Computer
Log in to your Merrill Edge Account on your computer is easy. Follow the steps below to get it done.
- Visit merrilledge.com
- Enter your user ID and password
- Select the page you want
- Then, click on Log in
I don’t have a user ID and password, what do I do? If you don’t yet have a user ID and password, it means you do have not to Sign up for an account. What you need to do is to Sign up for an account, and you will get an account number. You will this account number to register your account for online access.
How To Log in to Your Merrill Edge Account from a Mobile Phone or Tablet
You can also log in to your Merrill Edge account on your mobile devices. What you will do is download and install the Merrill Edge app on your Android or iPhone device. Then, log in with your user ID and password.
How To Retrieve a Forgotten User ID or Password
There are times customers forget their user ID and Password. If this is you, follow the steps below to retrieve your user ID and password.
For user ID:
- Go to Forgot User ID or Password page on the Merrill site
- Enter your email address on click on “Retrieve User ID
- You will receive an email from Merrill with your user ID
For password:
- Go to Forgot User ID or Password page on the Merrill site
- Input your user ID
- Then, click on “Retrieve Password”
But, if you experience difficulty on the way, you can contact 877-653-4732 for help.
How To View Your Merrill Edge Statement Information
You can decide how you want your Merrill Edge statement delivered to you. If choose online delivery, you will see the statement in your account. You can then save it as a PDF and print it out. Once everything is done, Merrill will send you an email to notify you when your statement is ready for viewing on your online banking.
Requesting hardcopy statements is slower when compared to the online method.
How To Contact Merrill Edge If You Have Trouble with Your Account
if you are having trouble with your Merrill Edge account, contact customer service at 888-637-3343. Also, you can speak with a financial advisor directly.
How do you withdraw money from Merrill Edge?
If you want to withdraw from Merrill Edge. Here’s how to do it:
- Login to your account
- Select “Accounts”, and go to “Transfer Money & Securities”
- Do you want to withdraw cash or securities?
- Choose the mode of withdrawal you want
- If it is a cash banking connection withdrawal, choose your Merrill Edge account as “Transfer from”
- Then, select the account you want to withdraw the money to as “Transfer to”
- Include the amount you want to withdraw,
- Then, initiate the withdrawal
How do I make a deposit to my Merrill account?
You can link your accounts to transfer money from Bank of America or Merrill Lynch. What you need to do is to fill Merrill Edge funds Transfer Service form to transfer money from an account held at another financial organization.
If you want to make a deposit in checks, put your account number in the memo section on your endorsed check and mail it to the address below.
Ordinary mail:
Merrill
P.O Box 962
NJ 07101-0962 Newark
Express mail:
Merrill
FL9-802-03-06
4803 East Deer Lake Drive
32246 Jacksonville, Florida
877.653.4732
Can I use my mobile device to deposit a check into any of my Merrill Edge accounts?
You can deposit checks using your mobile device into the accounts below:
- Subaccount for cash management
- Savings for the medical expense
- Account for Business Investors
- Account for Working Capital Management Endowment Management Account Sub Account
- Cash Management Account and more
How to contact Merrill Edge customer service?
By phone:
- Advisory Center for Merrill Edge: Contact: 1.888.654.6837
- Self-Direct Investing with Merrill Edge: Contact 1.877.653.4732
- Wealth Management by Merrill Lynch: Call 1. 800. MERRILL(637.7455)
By Mail
Merrill Edge Email: contactme@mi.com
FREQUENTLY ASKED QUESTION
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What does Merrill Edge do?
Merrill Edge is a financial platform owned by Bank of America. It provides access to online and advised investing, trading, brokerage, and banking services. Customers can be self-directed, work with advisors, or access portfolio management through Merrill Edge Guided Investing.
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Can I withdraw money from my Merrill Edge account?
If you want to withdraw money from Merrill Edge, try the following steps: Log in to your account. Select ‘Withdrawal’ or ‘Withdraw funds’ from the appropriate menu. Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
Is Merrill Edge free trades?
Merrill waives its commissions for all online stock, ETF, and options trades placed in a Merrill Edge® Self-Directed brokerage account. Brokerage fees associated with, but not limited to, margin transactions, special stock registration/gifting, account transfer, and processing and termination apply.
Is Merrill Edge insured?
Funds held in this account are protected by FDIC insurance for up to $250,000 per depositor, per ownership category, and per bank. 31) Interest rates for the Merrill Lynch Direct Deposit Program are determined at the discretion of BANA based on economic and business conditions and are subject to change.
- How many Merrill Edge accounts can I have?
Joint Brokerage
A joint account permits up to four account owners and has all the same benefits of an individual account. If you decide to have Merrill manage the account for you, you can get updates.