Attorney Client Trust Account (IOLTA)

Designed for lawyers with short-term client funds, this special account helps our community. Funds are pooled to generate interest income that is then used for state legal aid funds through the IOLTA/IOLA program.3,4

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  • No minimum balance
  • No transaction fees1
  • No cash deposit charges
  • This account is subject to the rules governing attorney trust accounts in the State of California
  • $15 monthly service charge, deducted from interest earned
  • $100 minimum deposit to open
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For more information:

 

 

All accounts subject to approval. Restrictions and limitations may apply.

Footnotes for Attorney Client Trust Accounts at BAC Community Bank

1Transaction - refers to any combination of deposits (except mobile), deposited items, paid items, including paper and electronic.


3At any time and at the discretion of BAC Community Bank standard features and account requirements may change after account is opened.


4Attorney Client Trust account is subject to the rules governing attorney trust accounts in the state of California. These rules cover payment of interest, reporting of information and the attorney's responsibility to pay for fees assessed in connection with the account that are not netted against the interest.

 

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