Bank Of America Offering 30 FREE Brokerage Trades A Month
Posted October 11, 2006 by Chuck
Posted in: 
Personal Finance
Personal Finance
Per the WSJ, Bank of America is rolling out a new brokerage service that will offer 30 free trades a month. This deal works in NY (and should be live in all of the Northeast right now) and will be available nationwide by spring 2007.
The catch? You have to have $25k in non-brokerage accounts at BOA to qualify otherwise it is $5 per trade.
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This is BIG NEWS, because this is the first major financial institution to offer free brokerage trades. Now we will wait and see if others follow suit.