IOLTA/IOLA NOW

IOLTA & IOLA programs are client funds accounts utilized by attorneys where interest earned is distributed to charitable organizations. 


Radius Bank is an authorized participant to open client funds accounts in the following states:

  • Massachusetts
  • New York
  • Rhode Island

BENEFITS
Benefits for attorneys who open an IOLTA/IOLA with Radius Bank include:

  • Check-writing privileges
  • No monthly service fees if an average monthly balance of $750 is maintained1
  • FDIC–insured2

ADDITIONAL SERVICES AVAILABLE

HOW TO APPLY
To open an IOLTA/IOLA account, submit your request here, or contact a relationship manager to learn more. See Radius Bank’s Business Deposit Account Agreement here

Contact Us Request an Application

1 A $5.00 fee plus $0.50 per check paid will apply if $750 average monthly balance is not maintained. 

2 FDIC–insured up to at least $250,000 per depositor.