Bank of America Merrill Edge Self-Directed up to $600 Bonus

Available nationwide with the ability to open online, Bank of America's Merrill Edge is offering up to a $600 welcome bonus when you open a new Merrill Edge Self-Directed account and make an initial deposit.

What's more? There's also a $1,000 Merrill Edge bonus for those enrolled in Bank of America's Preferred Rewards program. The lower tiers are also bumped as well.

We only list the most popular tiers; however, here's a complete list of tiers you can ask for:

• $20,000 to $49,999 – $100
• $50,000 to $99,999 – $150
• $100,000 to $199,999 – $250
• $200,000 to $299,999 – $600
• $300,000 to $499,999 – $1,000
• $500,000 to $999,999 – $1,500
• $1,000,000 or more – $2,500
• $2,000,000 or more – $3,500
• $5,000,000 or more – $5,000
• $10,000,000 or more – $7,500

How To Earn The Bonus

The Bank of America Merrill Edge Self-Directed promotion requires you to deposit and maintain a minimum balance in order to earn the up to $600 bonus.

Full requirements to receive this bonus are:

1. Open a new Self-Directed Trading account from Merrill Edge using promo code "600ME".
2. Within 45 days, fund your account with new money from outside Bank of America. To earn a $100 bonus, deposit $20,000-$49,999; To earn a $150 bonus, deposit $49,999-$99,999; To earn a $250 bonus, deposit $100,000-$199,999; To earn a $600 bonus, deposit $200,000 - $299,999.
3. Maintain that balance for at least 90 days.
4. Bonus will be deposited within two weeks following the end of the 90 day period.

Open a Merrill Edge Self-Directed account before the bonus expires

The fine print

• Assets transferred from other accounts at Bank of America, MLPF&S, Bank of America Private Bank, or 401(k) accounts administered by MLPF&S do not count towards qualifying net new assets.
• You must enroll during account opening by entering the offer code in the online application or by providing it when speaking with a Merrill Edge Financial Solutions Advisor™ at 888.MER.EDGE (888.637.3343) or at select Bank of America financial centers.

How does this investment offer from Bank of America compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

J.P. Morgan

Self-Directed Investing

Bonus

up to $700

Account Type

Investment

Expires In

10 days

Requires

• Min Balance

Full Details

Why Bank of America?

Bank of America is one of the "big four" banks in the United States, and is headquartered in Charlotte, but operates in more than 35 countries around the world. Merrill Investing also falls under the Bank of America umbrella, and between the two brands, you can find nearly any financial product you'd want: checking and savings accounts, home and auto loans, HSAs, business products, credit cards, CDs, money market accounts, IRAs, and more.

Their online and mobile tools offer a solid digital experience with alerts, mobile check deposits, spending charts, easy card replacement requests, digital wallets and more. Customers also tend to rank their service favorably, with convenient support hours and real humans on the other line.

The trade off to a plethora of banking products, a huge network of physical locations and ATMs, and a well-reviewed digital experience are the same as most of the other big banks: don't expect wow-ing interest rates. Plus, you'll want to be sure to avoid their penalty fees, which are steep and can be harsh. For example, their overdraft fee is $35, and their policy allows them to charge it as often as 4 times each day.

Learn more in our Bank of America review

Merrill Edge Self-Directed

Fees

Merrill Edge Self-Directed does not charge a monthly fee.

Apply now for a Merrill Edge Self-Directed account to earn the up to $600 bonus offer

Bank of America Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Get a better idea of how well Bank of America can serve you by checking out their branches closest to your area: