Bank of America today announced a number of new online and mobile capabilities for its Merrill Edge® customers. These new capabilities include a Merrill Edge Android application, remote check deposit functionality for iPhones1, bill-pay functionality for iPads and a new Investment Product Education Center withinMerrillEdge.com.
“The November Merrill Edge Report* indicated that a quarter of mass affluent respondents are avid users of mobile banking, and use it to check account balances, transfer funds and pay bills,” said Alok Prasad, Merrill Edge executive. “Merrill Edge continues to invest in new tools and enhancements to allow our customers to access and manage their Merrill Edge investment accounts anywhere at any time, helping them to stay in control of their finances.”
The new Merrill Edge Android application allows its customers a simple and convenient way to view investment balances, place trades, research investments and transfer funds between their linked banking and investment accounts. Bill-pay functionality through Merrill Edge’s upgraded iPad application enables eligible customers to schedule, edit or manage online bill payments. In addition, remote check deposit functionality is now available on Merrill Edge’s upgraded iPhone application. This new feature allows Merrill Edge customers to quickly and easily take a picture of a check with their iPhone and have it deposited directly into their qualifying Merrill Edge investment account. Merrill Edge is providing these enhancements while maintaining a high level of security to help protect customers against fraud and identity theft.
In addition, the Investment Product Education Center provides Merrill Edge customers with easy access to research stocks, options, ETFs, mutual funds and fixed income products. Customers will have access to investment: news, research, reports, education, articles, analysis and other key functionality.
“Our customers want more convenient access to their accounts and the ability to invest through a variety of emerging technologies,” said Paul Vienick, Merrill Edge Self-Directed Investing executive. “As technology evolves, we will continue to offer access to a broad array of mobile and online services with high levels of security.”
The addition of these new enhancements expands Merrill Edge’s online and mobile capabilities while continuing to offer customers simple and convenient ways to invest with Merrill Edge. Over the past year, Merrill Edge has expanded its website functionality and educational resources, tools, and investment research to assist customers with making informed investment decisions. Merrill Edge has also previously announced mobile applications for iPhone, iPad and BlackBerry. In addition, Merrill Edge also offers Merrill Edge MarketPro2, a fully customizable trading and streaming market data platform for engaged investors.
Merrill Edge provides mass affluent customers access to professional investment guidance. Customers who open an investment account with the Merrill Edge Advisory Center will have access to Merrill Edge Financial Solutions Advisors™ on the phone or in-person at select banking centers. Customers who prefer to invest on their own can open a Merrill Edge self-directed account where they will have access to an online investing platform, with robust tools and resources to help them make informed investment decisions.
*Ketchum Global Research Network and Braun Research conducted the Bank of America Merrill Edge Report survey by phone between July 20 and August 4, 2011 on behalf of Bank of America.
1 Must be a deposit into a Merrill Edge investment account using an iPhone or iPod touch with a camera that runs iOS 4.0 or later.
2 Merrill Edge MarketPro™ is available to clients who maintain a Merrill Edge self-directed relationship.
To qualify, you must maintain total combined balances of $50,000 or more in your Merrill Lynch investment accounts and Bank of America, N.A. deposit accounts or make at least 15 self-directed trades per quarter. Not available for investment professionals and business accounts. Relationship requirements and pricing are subject to change. See merrilledge.com for details.
To qualify for Level II quotes, you must maintain total combined balances of $1 million or more in your Merrill Lynch investment accounts and Bank of America, N.A. deposit accounts or make at least 30 self-directed trades per quarter.