FAQs (data-driven)

IOLTA Business Checking

• What is a IOLTA Business Checking account?

  An IOLTA (Interest on Lawyer’s Trust Account) Business Checking account is designed for attorneys and law firms to securely hold client funds in trust.

• What does IOLTA stand for?

  IOLTA stands for Interest on Lawyer’s Trust Account.

• Who can open an IOLTA Business Checking account?

  IOLTA accounts are designed for eligible attorneys, law firms and legal practices that need to hold client trust funds.

• Where does the interest earned on an IOLTA account go?

  Interest earned on the account is directed to the State Bar.

• Is there a minimum opening deposit required for an IOLTA Business Checking?

  No. There is no required opening balance for an IOLTA Business Checking account.