BNY Mellon Account Types

BNY Mellon offers a variety of account types to cater to the diverse needs of investors. The primary account types include:

• BNY Brokerage Account: A full-service brokerage account that allows you to manage all your investments in one place, including retirement accounts. It offers check-writing and debit-card privileges, online trading at competitive rates, and access to over 8,000 mutual funds, ETFs, individual stocks, bonds, and options.

• Mutual Fund Account: Designed for investors looking to invest in mutual funds, including IRAs. This account allows for easy contributions and transfers.

• Managed Asset Program: A wrap-fee investment advisory program for those with a minimum of $25,000 in mutual fund series or $100,000 in separate account portfolios.

• Cash Management Access Account (CMAA): This account combines banking capabilities with brokerage services, allowing you to manage everyday finances and self-directed investments.

BNY Mellon Broker Account Opening Process

Opening a BNY Mellon brokerage account is a straightforward process. Heres how to do it:

• Request a Brokerage Account Kit: Call 1-800-843-5466 or download an application from the BNY Mellon website.

• Read the Client Agreement: Familiarize yourself with the disclosures and money market mutual fund prospectus.

• Complete the Application: Fill out the application form and, if applicable, a transfer form.

• Submit Initial Investment:

• For regular accounts, a minimum initial investment of $10,000 is required.
• For IRA accounts, there is no minimum initial investment.
• Mail Your Application: Send your completed application and any combination of checks (payable to BNY Mellon Brokerage Services) or securities to:
• BNY Mellon Brokerage Services
• P.O. Box 9008
• Hicksville, NY 11802-9008

For overnight or certified mail, send to:

• BNY Mellon Brokerage Services
• 144 Glenn Curtiss Blvd
• Uniondale, NY 11556-0144
• Manage Your Account: Once your account is set up, you can manage it online or by calling customer service at 1-800-843-5466 (Monday – Friday, 8 AM – 6 PM ET).

By following these steps, you can easily open a BNY Mellon brokerage account and start managing your investments effectively.