Wisconsin attorneys' banking relationships matter. |  |
The simplest way to support IOLTA’s mission is to maintain your IOLTA account at a Prime Partner financial institution, which pays interest rates that are at least 0.50% higher than required under the Wisconsin Supreme Court’s IOLTA interest rate comparability requirement. The additional interest results in more funding for civil legal aid in communities throughout Wisconsin.
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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.
Any financial institution or attorney with questions is encouraged to contact IOLTA Program Manager, Tehmina Islam, at (608) 257-6845 or toll free at (877) 749-5045 or email tislam@wistaf.org.
List of IOLTA participating Financial Institutions
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A Prime Partner since 2010, Mound City Bank goes above and beyond IOLTA participation requirements by paying additional interest on its clients' IOLTA accounts — helping to expand access to civil legal services in Wisconsin. Mound City Bank's participation reflects an admirable commitment to justice for all in Wisconsin.
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