— Talk about crazy requirements.........................
Bank of America brokerage is offering commission free stock trades. Make sure and read the requirement before you get excited. Bank of America is notorious for poor service and hidden fees. The Brokerage end of Bank of America doesn't seem to be any different. To receive commission free trading you have to keep a $25,000 balance in your Bank of America account, not your stock account your regular account. If you don't have that much in your account you will get charged a $10 trade fee and if you don't have a Bank of America account you get charged a $14 trade fee. In addition to a the huge commission fee for not being a Bank of America account holder you will be charged a $50 semi-annual maintenance fee. And if you want trade assistance you will pay a whopping $42.50 fee. I hope people are doing their research before they start using this bank for their investments. I know I won’t be doing any stock trading with Bank of America brokerage.
Bank of America brokerage is offering commission free stock trades. Make sure and read the requirement before you get excited. Bank of America is notorious for poor service and hidden fees. The Brokerage end of Bank of America doesn't seem to be any different. To receive commission free trading you have to keep a $25,000 balance in your Bank of America account, not your stock account your regular account. If you don't have that much in your account you will get charged a $10 trade fee and if you don't have a Bank of America account you get charged a $14 trade fee. In addition to a the huge commission fee for not being a Bank of America account holder you will be charged a $50 semi-annual maintenance fee. And if you want trade assistance you will pay a whopping $42.50 fee. I hope people are doing their research before they start using this bank for their investments. I know I won’t be doing any stock trading with Bank of America brokerage.