Interest on Lawyers Trust Account (IOLTA)

An IOLTA from Torrey Pines Bank is an interest-bearing account for attorneys. This interest is then pooled to provide funds for pro bono legal assistance for low- to moderate-income individuals and families.

Features & Benefits

  • No monthly maintenance or service fee
  • No penalties
  • Not a tiered-rate account

Other Key Facts

  • The interest earned in this account is subject to rules governing attorney trust accounts in the state whose laws govern this account

  • All interest is sent to your state Bar Foundation, which handles distribution to pro-bono legal assistance programs

  • Requires an opening deposit of $100

  • Minimum daily balance of $0.01 required to earn interest

Account Services

Additional tools and services are available for Alliance Bank of Arizona accounts:

  • Online banking1

  • Ordering checks

  • eStatements

1. Fees may be imposed for additional services related to online banking. Refer to Business Online Banking Setup and Authorization for more information.