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IOLTA

Short-term savings to benefit the public

An IOLTA account at FNBD is a solution for attorneys who manage short-term funds for their clients in a pooled account that earns interest used to benefit public service programs approved by the Louisiana Bar Foundation. FNBD IOLTA accounts meet state IOLTA requirements for receipt of interest on attorney closing accounts. FNBD provides automatic proof of payment as well as receipts for business records and tax reporting.

  • Use your statements for a record of interest remitted to IOLTA, record of deposits, and disbursements.
  • There are no minimum balances or transaction fees. Certain non-account transaction fees, such as wire charges, that can be reimbursed by the client do apply.
  • Free online banking
  • Free online bill pay
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