IOLTA & IBRETA Accounts
Learn more about our Interest on Lawyer Trust Account (IOLTA) & Interest-Bearing Real Estate Trust Account (IBRETA) Accounts
Lawyers, real estate brokers and other professionals can take advantage of Associated Bank’s competitive specialty business checking accounts, including the Interest on Lawyers Trust Account (IOLTA) and Interest Bearing Real Estate Trust Account (IBRETA).
An IOLTA moves potential interest income from an attorney’s trust account to the state, to help fund community-based programs.
Associated Bank also offers a similar service for real estate brokers—the Interest-Bearing Real Estate Trust Account. Associated Bank IOLTAs and IBRETAs offer competitive interest rates—thereby increasing funding for important community programs.
Simplify your firm’s banking by maintaining its operating account and IOLTA or IBRETA at Associated Bank—one bank, one relationship manager.
Competitive rates, supporting vital community programs
The convenience of a single banking relationship
The confidence of working with a trusted advisor who knows your firm
How an IOLTA or IBRETA works
Your account is assessed a monthly maintenance fee and transaction fees, as permitted by Wisconsin, Illinois or Minnesota. These fees are offset by interest earned, with the remaining interest paid to the state. If interest on your IOLTA or IBRETA is not sufficient to offset activity charges, we waive the remaining fee and do not charge the account.
Low minimum opening deposit of $100
No minimum account balance
Interest earned offsets fees, with excess interest paid to the state to support community service programs
Unlimited monthly transaction items
Convenient access to your money with Associated Connect® and no annual fee Debit Mastercard®
Overdraft Protection Transfer Service with no fees and Online Bill Pay
Cash Management Solutions and Merchant Services to save you time and money
Get your new business account today. A business banker will be happy to assist you.
Call 800-728-3501
Business Customer Care
For additional account details, please refer to the Deposit Account Agreement, the current Deposit Account Rate sheet, the applicable Checking Product Disclosure or product information brochure for other fees that may apply to your deposit account, including overdraft, stop payment or other charges. (1275)
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. (1114)
