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
For more information:
All accounts subject to approval. Restrictions and limitations may apply.
Information is accurate as of November 1, 2019.
Footnotes for Attorney Client Trust Accounts at BAC Community Bank
1Transaction - refers to any combination of deposits (except mobile), deposited items (transit only), 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.