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Rates

Our Interest on Lawyers Trust Account (IOLTA) helps Oklahoma residents in need find justice, while helping you manage your client's assets.

Key Features

  • Competitive Interest
  • No Monthly Service Charge
  • Digital Banking
  • Generate funds to provide civil legal services for the underprivileged
  • Available at no cost to you, your clients, or the public
  • Interest is pooled to fund these services rather than go toward a monthly service fee
  • No minimum balance to earn interest
  • Interest earned is paid to the Oklahoma Bar Foundation
  • Free business online banking
  • Free eStatements with images
  • FDIC insured up to $250,000 per client with accounts at The First State Bank

What do you need to bring with you when you open your account?

  • Valid photo ID with current address.
  • If your photo ID does not have your current address, bring some other document that does contain it, such as a utility bill.
  • Photo IDs for all beneficial owners of the business. A beneficial owner is considered someone who has 25% or more ownership of the business.
  • Certificate of Good Standing, Articles if Incorporation, Operating Agreement, Partnership Agreement, and any other business documents that would apply.
  • Employer Identification Number (EIN).
  • The minimum opening deposit amount...or more!