Professional Deposit Services

Ensuring client funds are safeguarded

  • Meets legal and compliance requirements that prohibit commingling clients' funds
  • Earnings on IOLTA/IOLA accounts disbursed on your behalf to support the New Jersey IOLTA Fund or New York IOLA Fund
  • Disbursements made through secure channels

Legal and compliance requirements mean attorneys must separate clients' funds from your law firm's account. IOLTA and IOLA accounts help control the cost of administering individual client accounts and limit charges incurred on low-balance accounts. Investors Bank offers two options for attorneys: a New Jersey IOLTA and New York IOLA account that earns dividends; and a basic escrow account, which enables you to maintain a single disbursement account with individual client sub-accounts. Both options provide detailed reporting and convenient accessibility.