How To Delete Merrill Edge Account(Step-By-Step)

Merrill Edge is an online brokerage platform that offers a range of investment products and services.

However, if you are not satisfied with Merrill Edge or want to switch to another broker, you may want to close your account.

In this article, I will tell you how to delete a Merrill Edge account in 2023.

Before You Delete Your Account

Before you delete your Merrill Edge account, there are a few things you should do to ensure you don’t lose any important information.

1. Withdraw Your Funds

Make sure you withdraw any remaining funds in your Merrill Edge account.

You can do this by logging in to your account, selecting “Withdrawal” under the “Transfers” tab, and following the prompts.

2. Cancel Any Open Orders

If you have any open orders, cancel them before deleting your account to avoid any unexpected transactions.

3. Download Your Statements

Download any necessary statements or transaction histories for your records before deleting your account.

How To Delete Merrill Edge Account

Follow these steps to delete your Merrill Edge account:

Step 1: Log in to Your Merrill Edge Account

Visit the Merrill Edge website and log in to your account using your username and password.

Step 2: Contact Customer Service

Contact the Merrill Edge customer service team by phone or online chat. Inform them that you want to close your account.

Step 3: Provide Required Information

The customer service representative will ask for some necessary information to verify your identity, such as your name, address, and account number.

Step 4: Confirm the Account Closure

After verifying your identity, the customer service representative will confirm that you want to close your account.

They may ask you for the reason behind your decision.

Step 5: Transfer Funds

If there are any funds left in your account, you will need to transfer them to another account before closing your Merrill Edge account.

Step 6: Wait for Confirmation

After completing the account closure process, wait for confirmation from Merrill Edge.

This confirmation may come in the form of an email or letter.

FAQs

Is there a fee for closing my Merrill Edge account?

There is no fee for closing your Merrill Edge account.

Can I reopen my Merrill Edge account after closing it?

Yes, you can reopen your Merrill Edge account. However, you will need to complete the same steps you took when opening your account initially.

How long does it take to close a Merrill Edge account?

The time it takes to close a Merrill Edge account can vary. It can take anywhere from a few days to a few weeks.

What happens to my account information after I close my Merrill Edge account?

Your account information is securely stored and archived for up to seven years after the account closure.

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