Custom Checking: Interest and IOLTA NOW

Checking Packages Available to Sole Proprietors and Non-Profit Organizations

Sole Proprietors and Non-Profit Organizations Choices

Commercial Interest Checking IOLTA NOW
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Account Overview
Available only for sole proprietorships and non-profit organizations An IOLTA NOW account is for attorneys that elect to place trust or escrow funds in an interest bearing account and have the interest set aside and sent to the tax-exempt foundation of the State Bar Foundation.
Features and Benefits
Earns interest on the daily balance

Free night deposit service

No fee on Business Check Card1 (debit card)

No fee on Business Credit Card1

 Earns interest on the daily balance

First Bank and Trust is certified by the Louisiana Bar Foundation to offer IOLTAs
Balance Required to Avoid a Service Charge
$10,000 or more None; No service charge for IOLTAs
Monthly Service Charge
$10, if balance drops below the requirement

Activity Charges:

  • $0.16 per Check and Debit Items
  • $0.13 per ACH Debit and Credit Items
  • $0.30 per Deposit and Credit
  • $0.10 per Deposited Item
(Items include paper, electronic and ACH)		 Miscellaneous Fees are deducted from interest before any interest is remitted to the Bar

For a complete description of our service charges and fees, please review our Business Fee Schedule.

1 Subject to credit approval.