Our verdict
The Merrill Cash Management account (CMA) offers a lot of perks, including checkwriting privileges, travel accident and fraud insurance and up to $200 in out-of-network ATM fee reimbursements a year. But there's an annual fee of $125, which is about $10 per month. But you can't waive it unless you have at least $250,000 across Merrill accounts, and then, you must meet another waiver fee requirement. On the plus side, there are no opening deposit requirements and no account minimums.Best for: Travelers in need of a CMA with ATM access.
- Deferred debit card purchases
- Checkwriting privileges
- Up to $200 in ATM reimbursements a year
- $125 annual fee
- Requires two stipulations to waive fee
- $30 nonsufficient funds fee
Merrill Cash Management is not currently available on Finder
Have you considered BMO Smart Advantage Checking?
Earn a $400 cash bonus after $4,000 deposits in the first 120 days. Pay $0 monthly fees and no minimum balance. Access a large nationwide network of free ATMs. Member FDIC.
- $400 bonus after qualifying deposits
- $0 monthly fee
- Large $0 fee ATM network
- No minimum balance
Fee
$125 per year
Minimum deposit to open
$0