The OneBusiness IOLTA is specifically designed as an interest-bearing business checking account for Attorney – Client Trust accounts. There are no monthly or transaction fees and interest is automatically transferred to the California State Bar to fund legal services programs.
|Minimum to Open||$0|
|Description||Interest-bearing business checking account designed specifically for Attorney Client Trust accounts.|
- Earned on the entire daily balance.
- Compounded daily and paid monthly.
- Variable rate (may change at the Bank's discretion).
- Interest is paid based on specific balance tiers as indicated.
|Balance Tiers||< $25,000|
$25,000 to $3,000,000
|Monthly Service Charge||$0|
|Online Banking||View only access|
|Apply||Apply at a Branch
- or -
View Account Disclosures
- or -
View Fee Schedule|
At OneWest Bank, we focus on each business individually to assist in their financial management and success. It is always our goal to make each of our clients a special priority; providing banking, One Business at a Time®. In keeping with this practice, we offer a variety of business banking and lending products for companies both large and small, whether it's business checking or savings accounts, cash management services, or customizable terms with competitive rates. Read about our selection of business banking and lending products to find out which features fit with your professional needs.
 Interest generated on account is paid to the California State Bar
OneWest Bank, a division of CIT Bank, N.A. and CIT Bank, N.A. are the same FDIC-insured institution. Deposits held under each name are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each account ownership category. For purposes of calculating aggregate deposits held in OneWest Bank, a division of CIT Bank, N.A., you should include deposits held in CIT Bank, N.A.