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IOLTA Participating Financial Institutions
The Wisconsin Trust Account Foundation, Inc. (WisTAF) works closely with financial institutions to verify their status as “IOLTA participating financial institutions” in the Interest on Lawyers’ Trust Accounts (IOLTA) Program and assist in aligning with the rule governing IOLTA accounts.
Per Wisconsin Supreme Court Rule 20:1.15, an IOLTA account must be held at a financial institution that pays interest rates on IOLTA accounts that are at least as high as the rates they pay to non-IOLTA customers holding accounts meeting the same minimum balance and other requirements.
Below is the alphabetical list of financial institutions that are currently eligible to hold IOLTA accounts in Wisconsin. Any financial institution or attorney with questions is encouraged to contact WisTAF at (608) 257-6845 or toll free at (877) 749-5045.
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| | | What's new | FDIC Adopts Final Rule Extending TAG Program Through December 31, 2010
June 22, 2010 - The Federal Deposit Insurance Corporation (FDIC) adopted a final rule extending the Transaction Account Guarantee (TAG) program for six months, from July 1, 2010 through December 31, 2010. Under the TAG program, customers of participating insured depository institutions are provided full coverage on qualifying transaction accounts. more |
| New FDIC rule extends insurance coverage on IOLTA accounts until at least December 31, 2010
On April 13, 2010, the Federal Deposit Insurance Corporation (FDIC) approved interim rules extending the Transaction Account Guarantee (TAG) Program to December 31, 2010. The rule provides for unlimited insurance for non-interest bearing transaction accounts (including IOLTA and functionally equivalent accounts), regardless of dollar amount, held in participating financial institutions. The rule also allows for the FDIC to extend the program through December 31, 2011 if the FDIC determines that economic conditions warrant such an extension. more |
| Now available - List of IOLTA Participating Financial Institutions and Prime Partners
The Wisconsin Trust Account Foundation, Inc. (WisTAF) works closely with financial institutions to verify their status as "IOLTA participating financial institutions" in the Interest on Lawyers' Trust Accounts (IOLTA) Program and assist in aligning with the rule governing IOLTA accounts. more |
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