Bank of America today announced a number of new online and mobile capabilities for its Merrill Edge ® customers. These new capabilities include a Merrill Edge Android application, remote check deposit functionality for iPhones 1, bill-pay functionality for iPads and a new Investment Product Education Center within MerrillEdge.com.
“The November Merrill Edge Report* indicated that a quarter of mass affluent respondents are avid users of mobile banking, and use it to check account balances, transfer funds and pay bills,” said Alok Prasad, Merrill Edge executive. “Merrill Edge continues to invest in new tools and enhancements to allow our customers to access and manage their Merrill Edge investment accounts anywhere at any time, helping them to stay in control of their finances.”
The new Merrill Edge Android application allows its customers a simple and convenient way to view investment balances, place trades, research investments and transfer funds between their linked banking and investment accounts. Bill-pay functionality through Merrill Edge’s upgraded iPad application enables eligible customers to schedule, edit or manage online bill payments. In addition, remote check deposit functionality is now available on Merrill Edge’s upgraded iPhone application. This new feature allows Merrill Edge customers to quickly and easily take a picture of a check with their iPhone and have it deposited directly into their qualifying Merrill Edge investment account. Merrill Edge is providing these enhancements while maintaining a high level of security to help protect customers against fraud and identity theft.
In addition, the Investment Product Education Center provides Merrill Edge customers with easy access to research stocks, options, ETFs, mutual funds and fixed income products. Customers will have access to investment: news, research, reports, education, articles, analysis and other key functionality.“Our customers want more convenient access to their accounts and the ability to invest through a variety of emerging technologies,” said Paul Vienick, Merrill Edge Self-Directed Investing executive. “As technology evolves, we will continue to offer access to a broad array of mobile and online services with high levels of security.”
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