For joint brokerage accounts, how is the $25,000 combined deposit balance calculated?
For joint brokerage accounts, Banc of America Online Investing, Powered by Merrill Lynch calculates the combined deposit balance for each account holder. If the combined deposit balance for either the primary or secondary brokerage account holder individually exceeds the $25,000 minimum balance, the joint brokerage account qualifies for $0 online equity trades.
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