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Merrill Edge Promotions of 2024

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Cole Tretheway
By: Cole Tretheway
Cole Tretheway
Cole Tretheway

Cole Tretheway is a full-time personal finance writer whose articles have been featured on The Ascent and The Motley Fool. He has a degree in English with a Certificate in Professional and Technical Communication from California Polytechnic University, SLO.

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Online broker Merrill Edge likes to give bonuses to new and current customers. Find out how much you could get and whether you qualify.

Merrill Edge Deposit Bonus: Earn up to $600 by depositing into a new IRA or cash management account with promo code 600ME

Ratings Methodology
Merrill Edge® Self-Directed

Merrill Edge® Self-Directed

Our Rating:

Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Bottom Line

Fees:

$0 for online stock and ETF trades

Account Minimum:

$0

Read Review

How you earn it:

  1. Open a Merrill Edge® Self-Directed IRA or cash management account.
  2. While opening the account, enter promo code 600ME.
  3. Within 45 days, deposit at least $20,000.
  4. Maintain your balance for at least 90 days.

How you qualify: You must open a Merrill Edge® Self-Directed account. It must be an IRA or Cash Management Account (CMA). Qualifying IRAs are limited to traditional, Roth, and owner-only SEPs. The Merrill IRA or CMA may be a Merrill Edge® Self-Directed account, Merrill Edge Advisory account, Merrill Guided Investing account, or Merrill Guided Investing with an Advisor account.

Details: You can deposit or transfer cash, securities, and margin debit balances to earn this bonus. The more you deposit, the more you earn. Here's a breakdown:

Deposit amount Cash bonus
$20,000 to $49,999 $100
$50,000 to $99.999 $150
$100,000 to $199,999 $250
$200,000+ $600
Data source: Merrill Edge.

Offer expires: TBD

Merrill Edge Robo-Advisor Bonus: Get six months of $0 program fees with promo code 6FREE

How you earn it: Sign up for Merrill Guided investing through the website and enter promo code 6FREE. Or, ask a Merrill representative to input the code for you.

How you qualify: You qualify if you're opening a new Merrill Guided Investing account. You can't combine this promo with other promos that apply to the robo-advisory program fee.

Details: Merrill Edge charges a 0.45% fee to Merrill Guided Investing accounts. It charges this fee at the start of each month. This bonus cancels that fee for the next six months. You also get your current month free, if there's any confusion there. If you cancel during the free period, that's okay -- you still don't pay anything. The bonus is solid if you want to try out the service for free. FYI, you'll need $1,000 to open the robo-advisory account.

Offer expires: TBD

What else should you know about Merrill Edge bonuses?

Online brokers frequently update promos, so check in every so often. We keep track of the latest Merrill Edge promotions here.

Are Merrill Edge promotions worth it?

Merrill Edge promotions are worth considering if you like what the broker offers otherwise. This online broker is known for $0 commissions, significant research, and top-tier customer service.

Check out the Merrill Edge Deposit Bonus if you have at least $20,000 worth of assets to deposit or transfer. This offer is competitive with others in the same price range. But other brokers may offer better promos to investors who deposit $1,000,000 or more. Check out the best broker bonuses to see if any other brokers you like offer better deals.

Consider the Merrill Edge Robo-Advisor Bonus if you're opening a robo-advisory account with Merrill for the first time. You'll get a discount. Definitely apply the bonus if you're just trying out the service. You'll save money, and if you decide to cancel before the six months are up, you won't pay any program fees. It's an easy call.

Alternatives to Consider

We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2024.

Account Fees Account Minimum
Logo for SoFi Active Investing
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
$0 for stocks, $0 for options contracts $0
Open Account for SoFi Active Investing
Logo for Robinhood
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
$0 for stocks, ETFs, and options; $5 monthly for Robinhood Gold $0
Open Account for Robinhood
Logo for E*TRADE
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Commission-free; other fees apply $0
Open Account for E*TRADE

FAQs

  • Merrill Edge deposits your bonus within two weeks following the end of the 90 days.

  • You can get the Merrill Edge Deposit bonus twice -- once by opening a new IRA and once by opening a new cash account. Deposits are counted separately.