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Professional Deposit Services
Ensuring your clients’ funds are safeguarded
Benefits
Satisfies legal and compliance requirements that prohibit the commingling of clients' funds
Earnings on IOLTA/IOLA accounts disbursed on your behalf to support the New Jersey IOLTA Fund or New York IOLA Fund
Disbursements made through secure channels
Legal and compliance requirements mean attorneys must keep clients’ funds separate from your law firm's accounts. IOLTA and IOLA accounts help control the cost of administering individual client accounts and limit charges incurred on low-balance accounts. Investors Bank offers two options for attorneys: a New Jersey IOLTA and New York IOLA account that earn interest; and a basic escrow account, which enables you to maintain a single disbursement account with individual client sub-accounts. Both options provide detailed reporting and convenient accessibility.
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Reduce the administrative burden of managing your clients’ escrow balances
We offer a state-of-the-art online escrow platform, YourStyle Online Escrow®, to streamline your processes and add efficiency to the management of your escrow sub-accounting system.
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