IOLTA Checking
Put Your Trust In Us.
The Farmers State Bank provides business checking accounts to meet varying account balance and service expectations. In addition to our personalized approach for business customers, we offer all of the services required to simplify your business banking needs.
As part of our package of financial business solutions customized for attorneys and law firms, The Farmers State Bank offers IOLTA (Interest on Lawyers Trust Accounts) Checking.
Our IOLTA account lets you hold your clients’ funds in an interest-bearing account with the earnings sent automatically to the Ohio Access to Justice Foundation in Ohio and the Indiana Bar Foundation in Indiana – which means less bookkeeping and more convenience for you.
And with the interest going to support legal aid and our justice system, everyone benefits at the end.
- NO MONTHLY SERVICE CHARGE
- We manage distribution of interest
- NO “per item”/transaction fees
- NO currency or coin fees
- FREE internet banking
- FREE E-Statements/Online images
- FREE Safe Deposit Box***
- Competitive interest rates
Contact an office manager today to learn if our IOLTA Checking account is right for you.
| Balance | Interest Rate | APY* |
|---|---|---|
| $100.00 and Over | 0.10% | 0.10% |
***Where Available / Restrictions apply. The minimum to open the account is $50. The interest rate and annual percentage yield are subject to change without notice. The annual percentage yield is accurate as of 11/25/2024. *APY = Annual Percentage Yield
