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IOLTA - MJ-IOTA Checking

An escrow account for attorneys and law firms

(Business entity must be owned and operated within Pennsylvania)

An Interest On Lawyers Trust Account, or IOLTA, is a checking account available 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.

Account Features

  • No monthly maintenance service charge
  • No minimum balance required to open
  • No minimum balance required to earn the stated interest
  • FREE first order of 50 checks1 (limited design)
  • Statements - Electronic or paper statements are available at no charge

1 Order must be placed at account opening using Bank's vendor

Note: Bill pay and debit card access are not available for this account

IOLTA & MJ-IOTA CheckingAnnual Percentage Yields (APY) current as of November 28, 2022
Tiers Interest Rate APY
All Balances 2.23% 2.25%
  • Interest is compounded daily & earned on the daily balance 
  • No monthly maintenance service charge
  • No minimum balance required to open
  • No minimum balance required to earn the stated interest
  • This is a variable rate account. The interest rate and APY may change after account opening
  • Fees may reduce the earnings on the account
  • Rates are subject to change at any time without notice

How to Apply

If you’re interested in applying for a business deposit account, you can visit our location at 4029 West Tilghman Street, Allentown, PA during business hours or contact us.