IOLTA Checking Account
An IOLTA checking account is an Interest on Lawyers' Trust Account. Most lawyers must have IOLTA accounts in order to hold client funds because lawyers may not deposit a client's money with their own money. IOLTA accounts are interest-bearing checking accounts. The interest on all IOLTA checking accounts in a state is pooled together, and is then used to help low income individuals afford legal help. For more information about IOLTA checking accounts, contact a Relationship Banker at 630-773-0350.