Interest on Lawyer Trust Account
Meriwest is offering Interest on Lawyer Trust Accounts (IOLTA) as a method for Lawyers to raise money for charitable purposes, primarily the provision of civil legal services to indigent persons. Interest on Lawyers Trust Accounts (IOLTA) is a unique and innovative way to increase access to justice for individuals and families living in poverty and to improve our justice system. Without taxing the public, and at no cost to lawyers or their clients, interest from lawyer trust accounts is pooled to provide civil legal aid to the poor and support improvements to the justice system.
- Minimum opening balance is $50
- No monthly service fee
- Pays dividends ($100 minimum to earn dividends)
- Transaction activity
- Unlimited free check writing
- Unlimited checks deposited
- Unlimited free wire transfers (domestic)
Call (877) 637-4937 and speak to a Meriwest Representative to open your IOLTA account.
Business Banking IOLTA Account | Effective Date: May 17, 2023
| Businesss Banking Account | Minimum Average Daily Balance | Dividend Rate | APY* |
|---|---|---|---|
| IOLTA Account | $100 | 0.678% | 0.68%* |
Variable rate account. Rates may change at any time after the account is opened. Fees may reduce earnings.
*APY = Annual Percentage Rate
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You can also call us at 877-MERIWEST (877) 637-4937