IOLTA (Interest on Lawyers Trust Account)
If you’re a Massachusetts attorney, open an IOLTA with Avidia.
Lawyers and law firms are required to have interesting-bearing accounts in which client deposits can be held for short periods of time. An IOLTA is set up to do just that. We’re a certified leadership institution by the Massachusetts IOLTA Committee and typically pretty nice people, too. Give us a call to set up an IOLTA.
Open an IOLTA
For more info, just complete the form** below and someone from our business banking team will contact you in a manner that’s fast enough that you might think to yourself, Boy, that was pretty fast.
Important information about opening an IOLTA:
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means to you:
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.