IOLTA Checking

IOLTA_Cover_957x416

Put Your Trust In Us.  

    The Farmers State Bank provides business checking accounts to meet varying account balance and service expectations.  In addition to our personalized approach for business customers, we offer all of the services required to simplify your business banking needs.

     As part of our package of financial business solutions customized for attorneys and law firms, The Farmers State Bank offers IOLTA (Interest on Lawyers Trust Accounts) Checking.

    Our IOLTA account lets you hold your clients’ funds in an interest-bearing account with the earnings sent automatically to the Ohio Legal Assistance Foundation—which means less bookkeeping and more convenience for you.

And with the interest going to support legal aid and our justice system, everyone benefits at the end.

 

  • NO MONTHLY SERVICE CHARGE  
  • We manage distribution of interest                       
  • NO “per item”/transaction fees
  • NO currency or coin fees
  • NO minimum balance requirement
  • FREE internet banking
  • FREE E-Statements/Online images
  • FREE Safe Deposit Box***
  • Competitive interest rates

 Contact an office manager today to learn if our IOLTA Checking account is right for you.

 

BalanceInterest RateAPY*
$100.00 and Over0.10%0.10%

 

 

***Where Available / Restrictions apply. The minimum to open all checking accounts is $50. The interest rate and annual percentage yield are subject to change without notice. The annual percentage yield is accurate as of March 30, 2015. APY = Annual Percentage Yield