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Merrill Edge Question

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ToxikPH
Established Contributor

Merrill Edge Question

Hey everyone,

Late last week I opened a M.E. account and funded it by Tuesday (9/15). For some reason this cash is showing as deposited but not avalible to trade; is there a new account hold and if so how long is that? Will it be on all of my transfers for a while or just this first one? Also I'm confused because the account is named CMA-Edge, does this mean that it is a cash managment and brokerage account put together?

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1 REPLY 1
M_Smart007
Legendary Contributor

Re: Merrill Edge Question


@ToxikPH wrote:

Hey everyone,

Late last week I opened a M.E. account and funded it by Tuesday (9/15). For some reason this cash is showing as deposited but not avalible to trade; is there a new account hold and if so how long is that? Will it be on all of my transfers for a while or just this first one? Also I'm confused because the account is named CMA-Edge, does this mean that it is a cash managment and brokerage account put together?


@ToxikPH, Pretty standard for M.E, to do everything slow, it is Bank of America.

I cannot remember about the new account hold, just don't expect fast. (I much prefer Charles Schwab)

CMA-Edge is standard for the name.

"Also I'm confused because the account is named CMA-Edge, does this mean that it is a cash managment and brokerage"

Yes!

 

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