IOLTA checking accounts are limited to attorneys and law firms that maintain escrow funds for multiple clients. An IOLTA checking account pools the funds into a single, interest bearing account. Interest earned, less any permitted service fees, is forwarded by PNC Bank to the state IOLTA board to fund legal expenses for those who are unable to afford legal services, and other justice related projects of the board.
IOLTA accounts come with:
For current interest rates, call us at 877-535-6316 7:00 a.m. to 10:00 p.m., ET, Monday through Friday and 8:00 a.m. to 5:00 p.m., ET, Saturday and Sunday.
The PNC Advantage
In addition to offering IOLTAs for attorney escrow funds, there are a number of advantages for both you and your firm when you bank with PNC. The PNC Advantage for Professional Services program offers you an exceptional and unique package of products and services - for your firm, your employees, and you personally - as an extension of our financial services and capabilities for legal professionals.
For more details on PNC's IOLTA Checking account, contact a PNC Business Banker, visit your nearest PNC Bank branch, or call us at 877-535-6316 7:00 a.m. to 10:00 p.m., ET, Monday through Friday and 8:00 a.m. to 5:00 p.m., ET, Saturday and Sunday.
See our Business Banking Account Information - Business Checking Accounts and Related Charges for further information.
Charges for the use of products and services in support of managing IOLTAs, which are not reasonable service charges according to your state's rules and regulations, will be the responsibility of the attorney or law firm handling the account. Charges will be assessed on a monthly analysis statement or charged to the attorney's or law firm's billing account.
Bank deposit products and services provided by PNC Bank, National Association. Member FDIC