Published April 19, 2024
Fact Checked
Ashley Maready
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
Rating image, 4.5 out of 5 stars.
4.5/5
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.
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Fees:
$0 for online stock and ETF trades
Account Minimum:
$0
How you earn it:
- Open a Merrill Edge® Self-Directed IRA or cash management account.
- While opening the account, enter promo code 600ME.
- Within 45 days, deposit at least $20,000.
- 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 over cash, securities, and margin debit balance transfers to earn this bonus. The more you deposit, the more you earn. The 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
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.
The Merrill Edge Deposit Bonus is worth a look if you have at least $20,000 worth of assets to deposit or transfer. While this offer is competitive with others in the same price range, 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.
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 | |
|---|---|---|---|
|
Featured Offer
Rating image, 4.5 out of 5 stars.
4.5/5
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 | |
|
$0 for stocks, $0 for options contracts | $0 | |
Rating image, 5.0 out of 5 stars.
5.0/5
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 commission for online U.S. stock and ETF trades; trade fractional shares for as little as $1 | $0 |
FAQs
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Merrill Edge deposits your bonus within two weeks following the end of the 90 days.
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You can get the Merrill Edge Deposit bonus twice, once by opening a new IRA and once by opening a new cash management account. Deposits are counted separately.
Our Brokerages Experts
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.
Fact Checked
Ashley Maready
Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it's information about salt mining, canal mules, or personal finance.
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The Motley Fool has a disclosure policy.
Fidelity disclosure
Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00)
Robinhood disclosure
All investments involve risk and loss of principal is possible.
Securities are offered through Robinhood Financial LLC, member FINRA/SIPC. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. For more information see the Robinhood Crypto Risk Disclosure.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more.
Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing.