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IOLTA Checking

Designed 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.

  • We manage distribution of interest
  • We provide automatic proof of payment and receipts for business records and tax reporting
  • 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
Transaction Fee
  • None
Monthly Service Fee
  • None

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Fees may reduce earnings on the account.

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