IOLTA - Interest on Lawyers Trust Account1
Arizona Supreme Court Rule 43 requires all AZ lawyers who receive funds in whole or in part to a client or third person related to the representation be held in an IOLTA account. IOLTA accounts must be held at an approved financial institution, such as National Bank of Arizona. NB|AZ transfers 100% of the interest earned on IOLTA accounts to the Arizona Foundation for Legal Services & Education. These funds are used to help those who cannot afford a lawyer, to support programs that teach people about the legal system and to fund studies or programs that improve the administration of justice.
What You Receive:
- Unlimited check writing
- Unlimited transactions
- Free eStatements
- Free Online Banking and Bill Pay
- Digital images of checks
- 100% of the interest transferred to the Foundation
No Monthly Service Charge
Visit your local branch to apply or contact Tracy Ward for assistance, 602.212.8890 or Tracy.Ward@nbarizona.com
1 $100 opening deposit required.
Not eligible for the Value Connection or Executive Banking Relationship packages.