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IOLTA Account

Business Checking

Interest on Lawyers Trust Accounts (IOLTA) Checking

The interest earned on deposited funds is paid to the North Carolina State Bar Foundation to help fund public interest projects in the state of North Carolina. This account is for attorneys who maintain legal trust accounts.

 

Details

Benefits of IOLTA Checking:

  • No monthly service charge
  • Interest earned is compounded daily, credited monthly, and paid to the North Carolina State Bar
  • No per check charges
  • $100 minimum deposit to open

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Account openings are subject to Bank approval.  Nonsufficient fund fees of $37.00 per debit item may apply if you withdraw more funds than are available in your account.  If the account is closed within the first six months an early close fee will be assessed.