Whether you're an attorney or law firm in New York or New Jersey, we have a win-win that doesn't require any courtroom negotiation! With a IOLTA or IOLA account, you can simplify account management while generating interest to support legal aid for people who otherwise could not afford it.
- Interest paid on collected balances
- Master account with unlimited number of sub accounts
- No minimum opening balance
- Monthly master account statement which includes a listing of all sub account names, account numbers and month-end balances
- Monthly statements for all sub accounts listing the activity for the month
- View master and all sub account balances
- Transfer funds from sub accounts to the master account
Existing clients can now open IOLTA & IOLA accounts in their online banking!
- Connect with a banker to enable this feature.
- Once enabled, navigate to "Account Services" and click on "Open account". From there, you'll have the option to choose either an IOLTA or an IOLA account.