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IOLA

IOLA

Interest bearing accounts for attorneys on behalf of their clients.

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Designed to meet the financial needs of professional practices.

An IOLA (Interest on Lawyer Account) is a type of interest-bearing checking account used by New York attorneys to hold client funds.

  • Interest bearing (Interest earned on balances $1,000 and over, automatically sent to NYS)
  • First order of checks free
  • eStatements available
  • TeleBanc (24-hour telephone banking service)
  • Online Banking (Available 24/7, wherever you can access the Internet)
  • Bill Pay (Electronic bill payment system to simplify your life)
  • Remote Deposit Capture (Deposit your checks electronically right from your desktop)
  • Night Deposit Services (Make deposits at your convenience)

Minimum deposit of $50 required to open.  No limit on pre-authorized transfers. For specific product fees and account details consult a local branch.

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