If you're a legal professional, here's a win-win that doesn't require any courtroom negotiation! With an Interest on Lawyer Trust Account (IOLTA), you can simplify account management while generating earnings to support legal aid for the poor. This account is available at no cost to you, your clients, or the public — the low monthly service fee is automatically deducted from the interest earned.

Learn more about the IOLTA program in Alabama.

Details
  • Generate funds to provide civil legal services for the poor
  • Available at no cost to you, your clients, or the public
  • Nominal interest is pooled to fund these services
  • No minimum balance to earn interest
  • Interest earned is paid to the Alabama Law Foundation or the Alabama Civil Justice Foundation
  • Low monthly service fee is automatically deducted from interest paid to the account
    • No monthly service fee if you have an additional active small business or commercial account
  • Free business online banking & bill pay
  • Free eStatements
  • Free mobile banking with mobile deposit
  • Free telephone banking
  • FDIC insured
  • $100 minimum deposit to open