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IOLTA Checking

A checking account for law firms with nominal or short-term client funds whose interest provides funding for legal aid services to low-income individuals and families. Attorneys deposit short-term escrow funds for clients into an IOLTA and the Michigan State Bar Foundation funds legal aid and pro bono counsel with the interest earned.

Features & Benefits

  • No monthly service fee
  • We manage distribution of interest
  • Interest earned supports charitable purposes named by the Michigan Supreme Court
  • Helps satisfy regulatory requirements
  • No minimum balance requirements

Earns Interest

Minimum Deposit to Open

  • $100.00

Monthly Service Fee

  • $0.00

Transaction Fee

  • $0.00

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Fees may reduce earnings on the account.

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