When you’re holding funds on behalf of someone else, an IOLTA account will feel clear, compliant, and fully supported

Built for trust account responsibility

IOLTA accounts align with North Carolina IOLTA requirements while supporting clear separation of client funds from operating balances.

Keep client funds clearly separate

Client trust funds remain distinct from operating balances, supporting careful handling and oversight.

Aligned with North Carolina IOLTA requirements

The account is designated in accordance with state program guidelines, including interest handling expectations. 

Set up thoughtfully from the start

We work with you to establish authorized signers and align the account with your firm’s trust responsibilities.

Your questions, answered

An IOLTA (Interest on Lawyers’ Trust Accounts) account is a specialized trust account used by attorneys to hold client funds that are short-term or nominal in amount. The interest earned on these accounts is directed to a state-designated program that helps fund legal aid and other justice-related services. These accounts are managed in accordance with state bar guidelines and strict fiduciary standards.

Yes. Allegacy is an eligible financial institution approved to offer IOLTA accounts under the North Carolina IOLTA program.

No. IOLTA accounts are intended for client trust funds that must remain separate from operating balances.

Fees and service charges are available in the Business Fee Schedule.