Merrill Edge Bonus — Merrill Edge is currently offering $600 to new customers as part of their “Merrill Edge Self-Directed Investing Up to $600 Bonus” promotion. This bonus is available for a limited time — check the official page for the latest deadline. Merrill Edge is offering up to $600 in cash when you open a new Self-Directed investing or retirement account and fund it with qualifying net new assets within 45 days. Bonus tiers range from $100 for $20,000 deposited up to $600 for $200,000+. Use offer code 600ME during enrollment. The cash reward is deposited within two weeks after the 90-day qualifying period ends. Below, we break down exactly how to qualify, what you need to know before signing up, and whether this bonus is worth your time.
Table of Contents
How Do I Earn the Merrill Edge “Merrill Edge Self-Directed Investing Up to $600 Bonus” Bonus?
Qualifying for the Merrill Edge bonus is straightforward, but you need to follow every step carefully. Here is the complete process from start to finish:
- Step 1: “Open new Self-Directed account with code 600ME
- Step 2: Fund with $20
- Step 3: 000-$200
- Step 4: In net new assets within 45 days
- Step 5: Tiers: $20K=$100
- Step 6: $50K=$150
- Step 7: $100K=$250
- Step 8: =$600″
Make sure to complete all requirements within the specified timeframe. Missing even one step could disqualify you from receiving the bonus. Most bonuses are deposited within 10 to 15 business days after all conditions are met, though some institutions may take longer.
We recommend screenshotting or saving a copy of the offer terms before you start. Promotions can change or be pulled at any time, and having proof of the original terms protects you if there’s a dispute about your eligibility.
What Are the Requirements for the Merrill Edge Bonus?
Here is a summary of everything you need to know about this offer at a glance:
| Company | Merrill Edge |
| Bonus Amount | $600 |
| Minimum Deposit | $20000 |
| Requirements | “Open new Self-Directed account with code 600ME + fund with $20,000-$200,000+ in net new assets within 45 days. Tiers: $20K=$100, $50K=$150, $100K=$250, $200K+=$600” |
| Offer Expires | See listing |
| Eligibility | “New Merrill Edge Self-Directed customers only, US residents. Bank of America Preferred Rewards members may qualify for up to $900 instead.” |
Always read the full terms and conditions on the official offer page before signing up. Requirements can change without notice, and some bonuses have additional conditions — such as maintaining a minimum balance for a set period or avoiding early account closure fees — that are not always highlighted in the promotional materials.
If the bonus requires a direct deposit, keep in mind that what counts as a “direct deposit” varies by institution. Some banks accept ACH transfers from other banks, while others require an employer payroll deposit. Confirm this detail before you start so there are no surprises.
Is the Merrill Edge Bonus Worth It?
A $600 bonus on a $20000 deposit works out to roughly 3.0% — a decent return, especially if you were planning to park cash anyway.
Keep in mind that “new merrill edge self-directed customers only, us residents. bank of america preferred rewards members may qualify for up to $900 instead.”, so make sure you qualify before going through the application process.
Also consider any monthly maintenance fees on the account. Some banks waive these fees if you maintain a minimum balance or have direct deposit set up, but if you plan to close the account after earning the bonus, factor in any fees you might incur during the holding period.
This offer from Merrill Edge is valid until See listing. As with any financial promotion, terms and conditions apply — we recommend visiting the official offer page for the most current details before you sign up. Bonus offers in this space change frequently, and acting sooner rather than later helps ensure you lock in the current terms.
If this bonus isn’t the right fit for your situation, don’t worry — there are plenty of other options available right now. Browse our full list of active bonuses to compare offers and find the best match for your goals. We update our listings daily for April 2026 so you always have access to the latest verified promotions.