Interest on Lawyers Trust Account (IOLTA)
This account is designed to keep Attorney/Client money separate from a regular business account. Interest earned on this account is remitted to the Massachusetts State Bar to be used for funding of civil services for the poor.
- Monthly statement received
- $6 monthly handling fee
- Interest credited quarterly
- Interest earned minus the $6 handling fee is submitted to the Massachusetts Bar Association quarterly
- Attorney submits an Attorney Enrollment Notice to the Massachusetts IOLTA Committee
Designated Commercial Teller available at our main office location.
For more information
Stop by one of our convenient locations or give Bill Judd a call at 413-779-2253.