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E*TRADE vs Merrill: Brokerage Bonus Comparison

Updated September 2026 — See which brokerage bonus is better for you.

E*TRADE Brokerage Bonus

$10,000 bonus

Hold Period
12 months after the 60-day funding period
Qualifying Period
within 60 days of account opening
Requirements
Minimum $1,000 deposit or securities transfer within 60 days; New funds or securities from external accounts; Deposit minimum $1,000 in new funds or securities within 60 days of account opening; Funds must be from external accounts (not transfers within E*TRADE); Maintain deposited funds (minus trading losses) for minimum 12 months after 60-day funding period; Open new eligible E*TRADE brokerage (non-retirement) account; Use promo code OFFER26; Deposit minimum $1,000 of new funds or securities within 60 days; Maintain deposit in account for 12 months after 60-day funding period; Minimum $1,000 deposit or transfer of new funds/securities; Deposit from external accounts (not existing E*TRADE accounts); Promo code OFFER26 at account opening; Maintain qualifying deposit for 12 months (minus trading losses); Open new eligible brokerage account with promo code OFFER26; Deposits must be from external accounts; Minimum $1,000 deposit within 60 calendar days of account opening; Deposit must be new funds or securities from external accounts; Promo code OFFER26 required at account opening; Deposits must remain in account for minimum 12 months; Minimum $1,000 deposit; Deposit within 60 days of account opening; Use promo code OFFER26 at opening; Minimum $1,000 deposit within 60 days of account opening; Deposit must remain in account for 12 months (minus trading losses) or bonus is forfeited; Deposit/transfer must be from external accounts (outside E*TRADE); Maintain balance for 12 months; Minimum $1,000 deposit/transfer required; Deposit must be made within 60 days of account opening; Open new eligible non-retirement brokerage account with promo code OFFER26; Deposit minimum $1,000 of new funds or securities within 60 days of account opening; Maintain deposits in account for 12 months after 60-day funding period; Open new eligible brokerage (non-retirement) account by 6/30/26; Fund account with $1,000 or more of new funds or securities within 60 days of account opening; Maintain deposited funds (minus any trading losses) in account for minimum 12 months after 60-day funding period; Bonus may be forfeited if funds are withdrawn before the 12-month hold period expires; Deposits/securities must be from external accounts; Funds must remain in account for minimum 6 months or bonus may be forfeited; Open new eligible brokerage account by 6/30/26; Fund account within 60 days with $1,000 or more of new funds or securities from external accounts; Maintain deposit for 12 months after 60-day funding period; Open and fund a new eligible E*TRADE retirement account with promo code RETIRE26; Minimum deposit of $1,000 in new funds or securities; Deposit must be completed within 60 days of account opening; Funds must be from accounts outside of E*TRADE; Minimum deposit of $1,000; Deposits from external accounts (new funds or securities); Funds must remain in account for 12 months after 60-day funding period; Minimum $1,000 deposit required; Fund account within 60 days of account opening; Maintain funds (minus trading losses) for 12 months after funding period
Expires
October 30, 2026
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Merrill Brokerage Bonus

$1,000 bonus

Hold Period
90 days
Qualifying Period
45 days of account opening
Requirements
Qualifying net new assets transfer required; 24-week lookback period for net new assets calculation; Transfer qualifying net new assets; Assets must not be from other Bank of America or MLPF&S accounts; Minimum $20,000 in qualifying net new assets; Transfer/deposit within 45 days of account opening; Must be enrolled in Bank of America Preferred Rewards as of 90 days after funding; Open new Merrill Edge Self-Directed, Merrill Edge Advisory, Merrill Guided Investing, or Merrill Guided Investing with Advisor account; Make qualifying net deposit within 45 days of account opening; Maintain qualifying balance for 90 days; Use offer code 600ME (standard) or 1000PR (Preferred Rewards); Minimum $5,000 in qualifying net new assets; Fund account with qualifying net new assets within 45 days of account opening; Maintain balance for 90 days after funding; Enroll in Preferred Rewards within 90 days of meeting funding criteria; Use offer code 1000PR; Enroll with offer code 1000PR; Fund account with at least $20,000 in qualifying net new assets within 45 days of account opening; Must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria; Assets transferred from other MLPF&S, Bank of America Private Bank, or 401(k) accounts do not count; Maintain balance for 90 days from funding; Must be enrolled in BofA Rewards as of 90 days from meeting funding criteria; Promo code 1000PR required at account opening; Assets must be transferred from external accounts (internal transfers do not qualify); Minimum $20,000 qualifying net new assets deposit; Must enroll in offer code at account opening; Must be enrolled in Preferred Rewards as of 90 days from funding; Assets must originate outside Bank of America; Min $20,000 qualifying net new deposit/transfer; Deposit must be made within 45 days of account opening; Must maintain balance for 90 days; Offer code 1000PR must be entered at account opening; Minimum $20,000 in qualifying net new assets within 45 days; Enroll in Preferred Rewards within 90 days of funding; Assets from BofA, MLPF&S, BofA Private Bank, or 401(k) accounts administered by MLPF&S do not count; Deposit/transfer $20,000+ in qualifying net new assets within 45 days of account opening; Maintain balance for 90 days from funding date; Enrolled in Bank of America Preferred Rewards program; Must use promo code 1000PR during account opening; Must have or open eligible Bank of America personal checking account; Enroll in Preferred Rewards Program within 90 days of funding; Fund account with qualifying net new assets within 45 days; Maintain balance for 90 days; Enroll using offer code PR1000 during account opening; Must be enrolled in Preferred Rewards as of 90 days from meeting funding criteria to receive up to $1,000 bonus (can enroll as part of promotional early enrollment); Use promo code 1000PR at account opening; Assets transferred from other BofA, MLPF&S, or 401(k) accounts administered by MLPF&S do not count toward qualifying assets; Enroll in Preferred Rewards within 90 days of funding (can enroll early as part of promotion); Must have or open eligible Bank of America personal checking Advantage Banking account to enroll in Preferred Rewards; Must enroll using offer code PR1000; Minimum $20,000 qualifying net new assets; Fund account within 45 days of account opening; Must be enrolled in Preferred Rewards as of 90 days after funding; Maintain balance for at least 90 days; For code 1000PR: Must be enrolled in Bank of America Preferred Rewards as of 90 days after funding; Enroll using offer code 1000PR at account opening; Deposit minimum $20,000 in qualifying net new assets within 45 days of account opening; Maintain the deposit for at least 90 days; Be enrolled in Preferred Rewards as of 90 days after funding; Must enroll using offer code 1000PR; Assets transferred from other MLPF&S, Bank of America Private Bank, or 401(k) accounts do not count as qualifying; Assets from MLPF&S, Bank of America Private Bank, or 401(k) accounts administered by MLPF&S do not count as qualifying; Enroll in Preferred Rewards program within 90 days of funding (promotional early enrollment available); Use promo code 1000PR at account opening or provide to Merrill Financial Solutions Advisor; Qualifying net new assets calculated by adding total incoming assets/transfers from external accounts and subtracting assets withdrawn within preceding 24 weeks
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Bottom Line

E*TRADE offers a higher bonus ($10,000 vs $1,000). However, be sure to compare hold periods and requirements before deciding.

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