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Interest on Lawyer Trust Account (IOLTA/IOLA)
Simplify your bookkeeping by experiencing the ease of having your interest automatically transferred to a self designated public service organization each month without having to maintain a high minimum account balance.
This is the right account for you if you are an Attorney and you:
- Practice in California, Connecticut, Massachusetts, New York or Oregon
- Need an attorney trust account to separate client funds from operating funds
- Want the interest earned on your funds to be transferred automatically to the appropriate state bar association
- Want low minimum account balances
Features
- No minimum opening balance
- Minimum average balance to avoid monthly service charges: $5,000
- FDIC insured to legal maximum
Business Account Disclosure (PDF)
Schedule of Fees (PDF)
