A Bridgeview IOLTA is an Interest on Lawyer Trust Account that is an easy way for lawyers to hold funds in a trust or escrow account for their clients!

Bridgeview Bank is an approved financial institution by the Lawyers Trust Fund of Illinois as a participant in the Interest on Lawyer Trust Accounts (IOLTA) program.  This unique partnership between the banking community and the legal profession provides hundreds of thousands of people across the country the legal help they need.

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WHY AN IOLTA?

Bridgeview IOLTAs are an easy way for lawyers to hold funds in a trust or escrow account for their clients.  If you are an attorney who handles nominal or short-term client funds that cannot earn interest for that client in excess of the costs incurred to collect the interest, Bridgeview Bank assists you with pooling the money into an interest bearing account and distributing the interest to the Lawyers Trust Fund of Illinois

IOLTA BENEFITS:

·   Meet certain State and Supreme Court compliance requirements

·   More effectively manage client funds

·   Save money with no monthly maintenance or minimum balance fees

·   Enjoy convenient online banking access and free checks

·   Earn competitive interest distributed each month to the Lawyers Trust Fund of Illinois

·   Make a positive impact in the community

According to the American Bar Association, IOLTA programs have helped fund numerous programs that have had a positive impact on the delivery of legal services to the poor, including loan repayment assistance programs, legal

assistance hotlines, victim services programs, minority lawyer recruitment initiatives, and law school scholarship programs