Helping Pro Bono Legal Assistance Programs
Interest on Lawyers Trust Account (IOLTA)
An IOLTA from Sanson Royal Capitol is an interest-bearing checking account for attorneys. This interest is then pooled to provide funds for pro bono legal assistance for low-to-moderate-income individuals and families.
- No monthly maintenance or service fee
- No penalties
- Not a tiered-rate account
Features & Benefits
- The interest earned in this account is subject to rules governing attorney trust accounts in the state whose laws govern this account
- All interest is sent to your state Bar Foundation, which handles distribution to pro bono legal assistance programs
- Requires an opening deposit of $100
- Minimum daily balance of $0.01 required to earn interest
Other Key Facts
- Online banking2
- Ordering checks
- eStatements
Account Services
1. Refer to the disclosures provided at account opening and the Schedule of Fees and Charges for additional information.
2. Fees may be imposed for additional services related to online banking. Refer to Business Online Banking Setup and Authorization for more information.