Interest on Lawyers Trust Account (IOLTA)

 overview

Earn interest to help those in need cover legal fees

As an attorney, you are required to place client funds in a separate trust account. By placing that money in an Interest on Lawyers Trust Account (IOLTA), the interest earned is remitted to the appropriate legal foundation, which creates grants for law-related charitable purposes.



 

BENEFITS

Improve access to justice

Help support individuals and families who need, but cannot afford, legal counsel. With an IOLTA, interest is remitted monthly to the appropriate legal foundation.*

No monthly charge

With no monthly Service Charge, your IOLTA account will keep client funds safe, accessible, and fee-free.

Unlimited transactions

There’s no limit to the number of transactions you can make. Plus, your statement includes images of cancelled checks in numerical order at no extra charge.  

 

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Details you need to make a smart decision

Account subject to approval.

*All rates subject to change at the discretion of Bank management without notice.

BBVA Compass is a trade name of Compass Bank, a member of the BBVA Group. Compass Bank, Member FDIC.