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:
- New York
- Rhode Island
BENEFITSBenefits 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
ADDITIONAL SERVICES AVAILABLE
- ATM Card (for deposits only)
- Standard Online Banking
- Business Mobile Banking
- Wire transfers
- Stop payments
- Check imaging
HOW TO APPLYTo 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.
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.