Open an IOLTA (Interest on Lawyer’s Trust) account as an attorney or law firm with Columbia Credit Union. This account is for lawyers or firms to hold their client’s funds separate from operational accounts.
Open an IOLTA (Interest on Lawyer’s Trust) account as an attorney or law firm with Columbia Credit Union. This account is for lawyers or firms to hold their client’s funds separate from operational accounts.
Opening IOLTA checking with Columbia Credit Union allows your clients’ funds to earn interest while safely held apart from your professional operational accounts.
IOLTA Characteristics:
Add an IOLTA as part of your business relationship with Columbia Credit Union.
Opening IOLTA checking with Columbia Credit Union allows your clients’ funds to earn interest while safely held apart from your professional operational accounts.
IOLTA Characteristics:
Add an IOLTA as part of your business relationship with Columbia Credit Union.
IOLTA stands for Interest on Lawyer’s Trust Account. IOLTA checking is a designated account for law firms or attorneys to hold their clients funds for future distribution.
Interest earned on IOLTAs are distributed to the state’s law foundation to support programs and other initiatives that provide legal services to low-income individuals who cannot afford assistance on their own.
The minimum to open IOLTA checking is $100.
There is no monthly maintenance fee for IOLTA checking.
All deposit accounts at Columbia Credit Union, including IOLTA checking, are insured by NCUA.
