Bank of America to cut online stock trade fees
Bank of America Corp.’s retail brokerage unit said on Thursday that it was cutting online stock-trading fees for customers by up to 75 percent, to as low as $5 a trade.
Investors with Bank of America (BAC.N: Quote, Profile, Research) checking accounts can now buy or sell shares online for $7 or $10 a trade, depending on the type of checking account they have.
Affluent clients using Bank of America’s wealth management services can now make trades for $5.
Customers who only have a relationship with Bank of America Investment Services online can make trades for $14.00.
The new prices were reduced from the $19.95 that Bank of America Investment Services had charged all customers.
More: today.reuters.com
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