Does Merrill Edge charge an inactivity fee as of August 2024?
No, Merrill Edge does not charge an inactivity fee.
This is great news, because you can be sure you won't be charged for not using your account for a long period of time.
| 💰 Merrill Edge inactivity fee | No |
| 💰 Merrill Edge withdrawal fee | $0 |
| 💰 Merrill Edge minimum deposit | $0 |
| 📃 Merrill Edge deposit methods | Bank transfer |
| 🗺️ Country of regulation | USA |
| 🎮 Merrill Edge demo account provided | No |
Data updated on August 28, 2024
At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.
What is inactivity fee and when is it charged?
I've thoroughly tested Merrill Edge services with our analyst team by opening a real-money account and these are my most important findings:
- The inactivity fee is an important non-trading fee for long-term investors
- Brokers usually charge an inactivity fee if you fail to use your account for a longer period
- Merrill Edge does not charge an inactivity fee
Broker fees can make a big difference in the overall performance of your investments, and there's nothing more annoying than an obscure fee item suddenly appearing out of nowhere. Inactivity fees are one of those cost items that can pass under the radar and cause a headache for long-term investors.
What is an inactivity fee? An inactivity fee is charged by some brokers if you fail to trade or otherwise use your account for an extended period. In most cases, it kicks in after one year, after which you have to pay it on a regular basis until you start trading again. Check terms carefully: at some brokers, you can dodge the inactivity fee by simply logging in to your account.
To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Merrill Edge custody fee
- Merrill Edge non-trading fees
- Merrill Edge equity trading fees
- Merrill Edge overall equity fees
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.