IOLTA

Overview

It’s pronounced “eye-ohl-ta,” and it’s an account designed for lawyers and law firms with short-term client funds. This unique account is all about helping members of our community who are in need—by generating interest income that then goes into state legal aid funds.

More Details

Want to know more about an IOLTA account? Let’s get into it.

Generate funds toward charitable civil legal services

No monthly maintenance fee

No minimum balance to earn interest

Competitive interest

Interest earned is paid to Legal Services Corporation of Virginia (LSCV)
Free business online banking & bill pay
Free business mobile banking
Free e-Statements
FDIC insured

Ownership Requirements

All Primis business account holders will be required, due to regulatory reasons, to provide us with certain information on its Beneficial Owners.

We Protect Against Overdraft

Here are three magic words: no more overdrafts. Our CheckGuard service stops overdraft fees by covering you on debit card transactions, online bill pay items, ATM transactions, and automatic debits that might’ve overdrawn your account.