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Bank of America (BAC) DRIP

DRIP Plan Highlights

Enrollment

 

 

 

Initial Purchase

 

$1,000

 

 

 

 

Purchases

 

 

 

Minimum purchase

 

$50

Maximum purchase

 

$120,000

 

 

 

 

Fees

 

 

 

Account Setup Fee

 

$10

Automatic investment Fee

 

$0

Optional Cash Purchase

 

$0

Reinvestment Fee

 

$0

Sale Fee

 

 

$15

 

 

 

 

Company Web Site

 

http://www.bankofamerica.com

Additional Plan Information

 

Agent Site


BAC DRIP Details: This Bank of America Dividend Reinvestment Plan is your middle of the road DRIP. While the BOA stock plan allows an initial purchase, it is higher than average. It also has a $10 account setup fee. Depending on your investment style you may want to consider looking at a low cost brokerage with free dividend reinvestment such as Sharebuilder.

Pros:
No dividend reinvestment fees
Cons:
$10 account setup fee, higher than average initial purchase