IOLTA (Interest on Lawyers' Trust Accounts)
Here's a checking account that can help law professionals contribute toward funds to help pay legal charges for those in need. Write as many checks as you want and pay no monthly service charge for this account while also satisfying your ethical and fiduciary duties over client funds.
- Summary
We offer interest bearing and non-interest bearing legal trust accounts to attorneys and others with fiduciary responsibility over client funds.
- Interest compounded daily
- Earnings remitted to NC Bar IOLTA Association on your behalf
- Meets state guidelines
- Unlimited check writing
- $10 monthly service charge waived if balance stays above $100,000 or an average balance of $500,000
- No per check charges
- Free Online Banking
- Direct deposit available
- FDIC insured
- $100 deposit to open
