Interest on Lawyers Trust Account

An easy way to manage your IOLTA
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FOR A LIMITED TIME:
Get a $250 Cash Bonus when you open a business checking account*

Interest paid directly to the state bar
Online and mobile banking access
No monthly maintenance fee

Experience the convenience of an interest-bearing checking account to manage client funds in escrow.


Xenith Bank’s Interest on Lawyers Trust Account (IOLTA) is a specialized checking account for legal professionals managing general multi-client trust funds. Your deposits generate interest that’s used to help pay legal costs for individuals and families who can’t otherwise afford them.

  • No minimum balance
  • No monthly service charge
  • Competitive interest rate
  • Interest earned is paid directly to the state’s bar foundation
  • $25 to open

$250 Cash Bonus

Now through July 31, 2018, open a business checking account  and you'll get $250!*
Convenient Remote Deposit saves trips to a branch
Disclosures:

*To earn a $250 cash bonus, open a new Free Business Checking or any Xenith business checking account, maintain an average balance of $2,000 or more during the first 60 days and make any combination of 8 qualifying transactions by debit card at merchant locations, check, or online bill payment within the first 60 days. Offer expires July 31, 2018. Cash bonus is only available to new Xenith business customers that do not currently have a business checking account with us and have not had one in the last 12 months. May not be combined with any other offer. Offer may be withdrawn without notice. Business opening the checking account must be located within the Bank’s territories of Virginia, Maryland, or North Carolina. All accounts are subject to approval. $250 cash bonus will be credited to your checking account within 30 days after all terms of the offer are met. Your checking account must be in good standing at time of payment. Only one $250 cash bonus per client Taxpayer Identification Number (TIN). Cash bonus may be reported to the IRS as taxable income.