Fund your account
Transfer Cash
Real-timeFootnote 1 or Up to 3 business days
Fund instantly from your eligible linked Bank of America or Merrill account or
Within a few days from a linked account at another financial institution.
Wire transfer
Same day
Wire funds electronically from another financial institution.
Write a check
3-5 business days
Fund your account by mailing a personal, cashier's or bank check or
Deposit checks via the mobile app.
Transfer accounts or securities
8+ business days
Transfer an existing brokerage account, IRA account, or securities from another financial institution. You can also transfer securities instantly between your Merrill accounts.
Rollover into an IRA
10+ business days
Consolidate your retirement assets by rolling over accounts held in former employers 401(k), 403(b) or 457 plans into a Merrill IRA.Footnote 2
Footnote
Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.
Footnote
You have choices about what to do with your 401(k) or other type of plan-sponsored accounts. Depending on your financial circumstances, needs, goals and employer plan terms, you may choose to roll over to an IRA or convert to a Roth IRA, roll over a 401(k) from a prior employer to a 401(k) at your new employer, take a distribution, or leave the account where it is. Each choice may offer different investments and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment (particularly with reference to employer stock), and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. For more information visit our rollover page or call Merrill at 888.637.3343.