Merrill Edge IRA $1,000 Bonus

Requirements

• Enter offer code 1000BR when opening or enroll with an advisor
• Fund with at least $20,000 qualifying net new assets within 45 days of opening
• Maintain qualifying net new assets through day 90 after funding (tier based on balance then)
• Be enrolled in BofA Rewards as of 90 days after funding (higher tier payout)
• Keep the account open through the 90-day post-funding qualification period
• Offer limited to eligible individual IRA; one CMA and one IRA bonus per accountholder in aggregate
• BofA Rewards enrollment typically requires an open qualifying Bank of America checking account
• Reduced payout ladder if NOT enrolled in BofA Rewards at day 90: $100/$150/$250/$600 (top tier pays $600, not $1,000)
• Internal transfers excluded: assets from other MLPF&S accounts, BofA Private Bank, or MLPF&S-administered 401(k)s do NOT count as qualifying net new assets
• Net new assets are net of anything withdrawn/transferred out in the preceding 24 weeks
• Eligible IRA types are limited to Traditional, Roth, and owner-only SEP IRA — SIMPLE, inherited, and employee SEP IRAs do not qualify

Cash you need to float: $20,000

Timeline

1. Fund the account within 45 days of opening.
2. Maintain the qualifying balance/activity for 90 days.
3. Keep the account open 90 days to avoid clawback or early-close fees.

Bonus tiers

• $100 — $20,000–$49,999 qualifying net new assets: park $20,000, hold 90 days
• $200 — $50,000–$99,999 qualifying net new assets: park $50,000, hold 90 days
• $400 — $100,000–$249,999 qualifying net new assets: park $100,000, hold 90 days
• $1,000 — $250,000+ qualifying net new assets: park $250,000, hold 90 days

Closing the account (what we verified)

• Bonus typically posts within 14 days of completing requirements.

More Merrill Edge bonuses

• Merrill Edge brokerage $1,000 bonus