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Merrill Edge fees: the fine print
Per its official pages, Merrill Edge's full transfer-out fee is $49.95, its reverse split / mandatory reorg fee is $0, and it pays 0.01% APY on uninvested cash as of Oct 29, 2026 (checked Oct 30, 2026).
Last updated · 4 official sources (listed below)
Broker · 6 of 8 facts found on official pages · every fact quoted and dated.
Full ACATS transfer-out fee
$49.95
"Full Account Transfer Fee … $49.95"
Retirement accounts pay a $49.95 closeout fee instead (not both).
Partial transfer-out fee
$0
"Partial account transfer fee $0"
Reverse split / mandatory reorg fee
$0
"Security Reorganization Fee: Mandatory Exchange … $0"
Merrill Edge Self-Directed accounts.
Fractional shares after a reverse split
Not published
We haven't found this on an official page yet.
Voluntary reorg / odd-lot tender fee
$30
"Security Reorganization Fee: Voluntary Exchange … $30"
DRIP (auto dividend reinvestment)
Yes
"For stocks and exchange-traded funds, you can reinvest dividends"
Fractional share trading
Not published
Merrill doesn't publish fractional-share buying; its client agreement only covers liquidating fractional positions.
Rate on uninvested cash
0.01% APY
"Merrill Lynch Bank Deposit Program --- Tier 1 (Less than $250,000) 0.01%"
Default bank sweep. 0.05% at $1M-$9.99M, 0.15% at $10M+. Preferred Deposit (non-sweep, $100k minimum) pays 3.15%.
Questions
How much does Merrill Edge charge to transfer an account out?
$49.95 for a full outgoing transfer; partial transfers: $0, per its official fee page.
Does Merrill Edge charge a fee for reverse splits or mandatory reorganizations?
$0. Merrill Edge Self-Directed accounts.
What does Merrill Edge charge for tender offers and other voluntary corporate actions?
$30.
Sources
- https://mlaem.fs.ml.com/content/dam/ML/pdfs/me-self-directed-fees.pdf
- https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/EdgeDividendReinvestmentForm.pdf
- https://www.merrilledge.com/pricing
- https://www.mymerrill.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf
Each source was read on or before Oct 30, 2026. Fees and rates change; confirm on the broker's site before acting.