Help your clients and your state bar association with a smart IOLTA account.
Interest on Lawyers Trust Account (IOLTA)
.jpg)
Looking for a lawyers trust account?
IOLTA accounts are available at no cost to you, your clients, or the public.
Key Features
No Monthly Fees
Free Digital Banking1
EMV Chip Debit Card w/Rewards
What is an IOLTA?
An IOLTA Account is a way to raise money for civil legal services provided to those who cannot afford to pay out of pocket. Attorneys deposit nominal or short-term client funds in IOLTA accounts and the interest earned goes to the state IOLTA program. Utilizing an IOLTA account is a great way for law firms to give back while satisfying their ethical and fiduciary duties.
Open an IOLTA?
West Shore Bank has been Making a Difference Since 1898. For over a century, we have remained committed to helping the people and businesses along the lakeshore to improve their financial well-being. Bank with us in person or on the go! Visit one of our nine Michigan branches in Ludington, Frankfort, Hart, Manistee, Onekama, Scottville, or Traverse City.
Open a IOLTA and enjoy all the digital services you want with your business checking, such as digital banking and treasury management services.
1Standard text messaging and data plan rates may apply. Consult your mobile service provider for details on specific fees and charges that may apply.
FAQs
What is an IOLTA account and how does it benefit my clients?
An IOLTA (Interest on Lawyers Trust Account) is a special account designed for attorneys to hold client funds. The interest earned on these accounts supports civil legal services for those who cannot afford them. By using an IOLTA account at West Shore Bank, you help your clients while fulfilling your ethical obligations.
Are there any fees associated with opening an IOLTA at West Shore Bank?
No, an IOLTA account at West Shore Bank comes with no monthly fees. We believe in providing accessible banking solutions that support you and your clients without additional financial burden.
How can I open an IOLTA account with West Shore Bank?
Opening an IOLTA account is simple! You can visit any of our nine branches in the Ludington area or apply online. Our friendly team is here to assist you every step of the way.
What features are included with the IOLTA account?
Our IOLTA account includes free digital banking, a contactless chip debit card with rewards, and access to treasury management services. We provide tools that make managing your account convenient and efficient.
Can I access my IOLTA account online?
Absolutely! West Shore Bank offers free digital banking with your IOLTA account, allowing you to manage your funds from anywhere. Enjoy the convenience of online access tailored to your needs.
What makes West Shore Bank a reliable choice for my IOLTA account?
At West Shore Bank, we pride ourselves on our long history of trust and community involvement. Since 1898, we have been dedicated to supporting our local clients, ensuring your financial security is our top priority.
Is there a minimum balance required for the IOLTA account?
There is no minimum balance requirement for our IOLTA accounts. This flexibility allows you to manage client funds without the stress of maintaining a specific balance.
How does an IOLTA account help attorneys fulfill their ehtical duties?
Using an IOLTA account allows attorneys to hold client funds securely while generating interest that supports legal aid services. This aligns with ethical and fiduciary responsibilities, ensuring that you are giving back to the community.
What local branches can I visit to discuss opening an IOLTA account?
You can visit any of our nine convenient branches located in Ludington Main, Ludington East, Frankfort, Hart, Manistee Parkdale, Manistee South, Onekama, Scottville, or Traverse City. Our team is ready to assist you with your IOLTA account needs.
What are the advantages of using West Shore Bank for my IOLTA account?
Choosing West Shore Bank means enjoying no monthly fees, free digital banking, and a commitment to community support. We understand your needs as an attorney and are here to help you succeed.
Can I transfer funds in and out of my IOLTA account easily?
Yes, our IOLTA accounts offer easy access to fund transfers, both online and in-person. We ensure that managing your client funds is as straightforward as possible.
.jpg)
Funding dreams for small businesses.
We offer a variety of business loans to suit different types of needs. From healthcare and education to tourism, local governments, manufacturing, and more–West Shore Bank works with Michigan businesses of all sizes and from all industries.