Interest in Lawyers’ Trust Accounts (IOLTA)
An IOLTA is an interest-earning checking account used by attorneys and law firms to hold their client’s funds. These accounts are required by state law and all interest earned on the account is paid to the Oklahoma Bar Foundation to fund programs and provide legal services.
Interest in Lawyers’ Trust Account Extra Features
Competitive interest rates
Paid on all collected balances
Meets state requirements
For the handling of client funds
No service fees
Charged on this account
Unlimited check writing
Account reporting and interest
Payments are handled by CNB