Banc of America Investment Services Inc., Bank of America Corp.'s primary retail brokerage arm, said Thursday that it is setting prices for online equity trades that will let self-directed brokerage customers benefit from banking relationships with the parent.
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Bank of America personal checking account holders now may do equity trades online for $7 or $10 per trade, depending on the type of account. And the commission is $5 per trade for clients of the Private Bank of Bank of America and Bank of America Premier Banking.
Customers in a Banc of America Investment Services self-directed brokerage relationship may do online equity trades for $14, down from $19.95.
