Do You Need an IOLTA Account?

Issues that determine whether an account will generate net interest are:

  • Interest rate paid on the account
  • Amount of service fees charged on the account*
  • Minimum balance requirements on the account
  • Average daily balance in the account

 * Service charges on IOLTA accounts are billed directly to, and are paid by, the
Texas Access to Justice Foundation and may not appear on attorneys' bank statements.

See also:

Instructions on opening an IOLTA account

IOLTA Notice Form

Financial considerations of maintaining separate client accounts

"A Lawyer's Guide to Client Trust Accounts"

 

Recent News

 

November 11, 2024

Editorial: Helping in the Fight Against Veteran Suicide By Hon. Nathan L. Hecht

October 31, 2023

TAJF honors contributions to access to justice at luncheon with Supreme Court

October 10, 2023

TAJF adds Aranda to board of directors; Hon. Deborah Hankinson reappointed as chair, Torrence reappointed 

July 13, 2023

Cendera Bank Joines Prime Partner Bank Program

June 12, 2023

TAJF Sponsors Five Equal Justice Works Fellows

More news

© 2024 Texas Access to Justice Foundation