Cash Management Account®

With the Cash Management Account® (CMA® account) from Merrill Lynch, Pierce, Fenner & Smith Incorporated, Pierce, Fenner & Smith Incorporated (Merrill Lynch), you can maximize both your long-term investments and day-to-day finances. Manage everyday transactions with services such as check writing, a Visa® deferred debit card1 and Bill Pay Services, while keeping your long-term investments on track through access to a broad range of investment products and services — all in a single account.

Consider the CMA Account

If you're seeking the convenience and simplicity of an investment account that offers an automatic sweep of cash balances, comprehensive cash management tools and a quick, easy way to monitor and manage financial assets, you can benefit from consolidating assets in a CMA account.

Enjoy a range of benefits

  • Access a wide selection of investments for your goals
  • Select from a choice of automatic sweep options for your cash balances
  • Earn potentially higher rates by linking accounts
  • Earmark assets for specific needs and goals
  • Take advantage of the Automated Investment Program

All, while enjoying peace of mind knowing that assets held in a CMA account are protected by the Securities Investor Protection Corporation (SIPC). The SIPC provides up to $500,000 of account protection per client, inclusive of up to $250,000 for cash.2

Experience easy, convenient account management:

  • Receive comprehensive and summary statement information
  • Stay connected with online and telephone account access

Use cash management tools for day-to-day needs:

  • Check writing
  • Direct Deposit Service
  • Bill Pay Services
  • Funds Transfer Service
  • Fedwire®
  • Bank of America ATMs
  • CMA Access® Visa® Card

Account fees-at-a-glance

There is a $125 annual account fee for the CMA account.


Contact your Financial Advisor to learn more about the benefits, fees and considerations associated with a CMA account.

1 Some restrictions on Visa card issuance for certain account types may apply.

2 Merrill Lynch has obtained additional protection through Lloyd’s of London, including up to $1.9 million for cash per customer, subject to an aggregate loss limit of $1 billion for all customer claims. SIPC and excess-SIPC coverage through Lloyd’s do not protect against market loss. You may obtain more information about the SIPC, including the SIPC brochure, via the SIPC website at or by calling the SIPC at 1.202.371.8300.

The CMA account is a securities account with Merrill Lynch, Pierce, Fenner & Smith Incorporated. It provides access to services and products offered by licensed banks, including checking and FDIC-insured deposits that are held at the banks. Securities, mutual funds and other non-deposit investment products available through the accounts are not FDIC insured, not guaranteed by a bank and may lose value.

The CMA Access Visa Card is issued by Bank of America, N.A.

Some Bank of America accounts and services, and the fees that apply to them, vary from state to state. Please review the information for your state in the Personal Schedule of Fees (at or at your local Banking Center) and in the Online Banking Service Agreement at

Merrill Lynch Wealth Management, the Bull Symbol, Cash Management Account, CMA and CMA Access are trademarks of Bank of America Corporation.

Fedwire is a registered service mark of the Federal Reserve Banks.

Visa is a registered trademark of Visa International Service Association and is used by the issuer pursuant to license from Visa U.S.A. Inc.


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