Interest on Lawyers’ Trust Accounts Programs (IOLTA)

Most states require attorneys to have an IOLTA account in their name. Cadence Bank has consulted with state Bar Associations to design a product tailored for attorneys to use while providing maximum funding for state associations.

IOLTAs offer a way for attorneys to manage funds by pooling smaller amounts of client funds intended to be held for short periods in interest-bearing accounts. The interest earned on these accounts must be sent to state IOLTA administration programs, which then use the funds to provide grants and legal aid to organizations and individuals who can benefit from the financial support.

IOLTA programs are highly regulated and a firm’s IOLTA funds must be carefully managed to comply with Bar and state regulations.

Cadence Bank allows firms to manage IOLTA funds with the least worry while taking care of the disbursement of interest payments.

  • Earns a competitive interest rate with a minimum daily collected balance of $1,000
  • Comes free, with no service or transaction charges
  • Can be opened with any amount
  • Forwards interest on funds directly to the proper state legal foundation in your name, simplifying reconciliation of this account


Visit the branch nearest you to discuss your options and begin your business banking relationship with Cadence.

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