Client Escrow & IOLTA Checking Accounts

Massachusetts Leadership Institution for Lawyers

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Trusted Banking for Legal Professionals

We’re proud to be a Massachusetts IOLTA Leadership Institution, providing specialized banking solutions for attorneys, law firms, and legal professionals. We understand the unique requirements of managing client funds and escrow accounts with complete compliance and security.

IOLTA Account Features

  • Interest-bearing account that sends earnings to Massachusetts IOLTA Committee for legal aid programs statewide 
  • No monthly maintenance fees or minimum balance requirements—keeping your overhead low while serving clients 
  • Conforms to attorney IOLTA regulations as required for Massachusetts legal professionals 
  • Free inquiry only business online banking

Client Escrow Account Benefits

  • Dedicated accounts for holding client funds separate from firm operations, ensuring proper fiduciary management 
  • Support for landlord/tenant deposits, real estate transactions, and other escrow arrangements requiring transparency 
  • Detailed record-keeping and reporting features that simplify compliance with Massachusetts professional conduct rules 
  • 24/7 online access for account monitoring and transaction verification to maintain proper client fund accounting 

Choose Your Trust Account Solution

Select the account type that best meets your legal practice needs. Both options provide full compliance with Massachusetts regulations and professional-grade banking features.

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IOLTA Checking Account

For nominal client deposits and short-term funds. Interest supports Massachusetts legal aid programs automatically.

  • Interest-bearing account 
  • No monthly fees 
  • IOLTA Committee compliant 
  • Leadership Institution rates 
  • Free online banking 
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Client Escrow Checking

For specific client funds, real estate transactions, and escrow arrangements requiring separate account management.

  • Dedicated escrow accounts 
  • Detailed record keeping 
  • No minimum balance 
  • Free combined statements 
  • 24/7 account monitoring 
  • Professional support 

Complete Legal Banking Solutions

From trust account management to business banking, we provide comprehensive financial services designed specifically for Massachusetts legal professionals and law firms.
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Current IOLTA Interest Rates

View competitive rates that maximize legal aid funding
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Business Savings Solutions

Explore savings accounts designed for legal practices
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Digital Banking for Lawyers

Online and mobile access designed for legal practice needs
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Massachusetts Approved Institution

Certified by IOLTA Committee with Leadership Institution status 
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Professional Support Team

Banking specialists who understand legal industry requirements
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Complete Deposit Protection

FDIC plus DIF insurance for full deposit coverage

Attorney Trust Account FAQs

Get answers to common questions about IOLTA and client escrow accounts, Massachusetts regulations, and account management requirements.

Massachusetts attorneys with physical offices in the state must establish IOLTA accounts for nominal or short-term client funds per Rule 1.15.

IOLTA pools small/short-term deposits; client escrow accounts hold specific funds for individual clients or transactions requiring separation.

Yes, we’re a member of both the FDIC and DIF, providing 100% insurance on all deposits, no matter the balance, with no enrollment needed.

Massachusetts Rule 1.15 requires detailed records of deposits, withdrawals, and client balances with regular reconciliation and reporting.

Free inquiry only acess to business online banking for IOLTAs and free online and mobile banking for client escrow provides 24/7 account access, transaction monitoring, and mobile check deposit capabilities for convenience.

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Start Banking With Legal Experts Today

Join hundreds of Massachusetts attorneys who trust Cape & Coast Bank for compliant, professional banking services. Our team understands your unique needs and regulatory requirements.

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