IOLTA Approved Financial Institutions

IOLTA Approved Financial Institutions

The Advisory Committee approves financial institutions to hold client trust accounts pursuant to Rule 4-1.145(a)(2) and maintains a list of IOLTA approved financial institutions. To view that list, Click Here .

Financial institutions seeking approval to hold IOLTA client trust accounts must first be deemed eligible by the Missouri Lawyer’s Trust Account Foundation pursuant to Rule 4-1.145(a)(5), and then seek approval from the Advisory Committee pursuant to Rule 4-1.145(a)(2)(B).  All approved financial institutions must agree to overdraft reporting pursuant to the Overdraft Reporting Advisory Committee Regulation to Rule 4-1.15.  Approved financial institutions must notify this office of any changes in status.

Lawyers with questions regarding compliance with Rules 4-1.145, 4-1.15, and 4-1.155 should view the Legal Ethics Counsel Resource Page on trust accounts or request an informal advisory opinion or formal opinion.

Additional resources for lawyers on client trust accounts are available from the Missouri Lawyers Trust Account Foundation.