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Routing # 211885946

Interest on Lawyers' Trust Accounts (IOLTA)

Supporting Legal Aid for Massachusetts Communities

IOLTA Account Benefits

Professional trust account management with community impact

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No Monthly Service Charge

No monthly maintenance fees or minimum balance requirements to maintain your IOLTA account.

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Support Legal Aid

Dividends earned goes directly to the Massachusetts IOLTA Committee to fund legal services for those in need.

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Easy Account Setup

Streamlined documentation process for qualified attorneys.

Your Banking Makes a Difference

IOLTA funds provide essential legal services to those who need them most

100%
Dividens to Legal Aid
$0
Monthly Fees
24/7
Digital Access
Community Partnership: All dividens earned on IOLTA accounts is forwarded to the Massachusetts IOLTA Committee, which distributes these funds to legal aid organizations serving low-income Massachusetts residents.

IOLTA Account Requirements

Eligibility criteria for Massachusetts attorneys

Attorney Eligibility:

  • Licensed to practice law in Massachusetts
  • Physical office location in Massachusetts
  • Handling client funds that are nominal in amount
  • Holding client funds for short time periods

Account Features:

  • Account titled: "Law Firm Name – IOLTA Trust Account"
  • Pooled trust account structure
  • Dividens remitted to Massachusetts IOLTA Committee
Legal Authority: IOLTA accounts are governed by Massachusetts IOLTA rules and state bar association guidelines. 

Getting Started is Simple

Open your IOLTA account in four easy steps

1

Verify Eligibility

Confirm Massachusetts law license and office requirements

2

Gather Documents

Attorney license, proof of office address, and identification required

3

Visit Our Branch

IOLTA accounts must be opened in person at our branch

4

Start Managing

Begin trust account management

Required Documentation for IOLTA Account Opening

Attorney License & Practice Information:
  • Massachusetts Bar License (active status)
  • Business formation documents (if law firm entity)
  • Massachusetts office lease or ownership documentation
  • State Bar registration confirmation
Personal & Business Identification:
  • Personal government-issued photo ID
  • Business Tax ID (EIN) if applicable
  • Partnership agreement or operating agreement (if applicable)
  • Resolution authorizing account opening (for firms)

Ready to Open Your IOLTA Account?

Support your community while managing client funds professionally

Visit Our Branch Call (413) 733-2800

Important IOLTA Information: IOLTA accounts are governed by Massachusetts IOLTA rules and state bar association guidelines. All attorneys handling eligible client funds must establish an IOLTA account once they receive client funds that are nominal in amount or held for a short time period.

Interest Distribution: All dividens earned on IOLTA accounts is remitted directly to the Massachusetts IOLTA Committee to fund legal aid services for low-income Massachusetts residents. Clients do not receive interest from IOLTA accounts.

Account Opening: IOLTA accounts must be opened in person at our branch location. Proper documentation of Massachusetts law license and office location is required.

*APR = Annual Percentage Rate;
APY = Annual Percentage Yield;
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