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Business Services

Attorney Trust Account (IOLTA)

As an approved Trust Account Depository in the State of New Jersey, NVE Bank makes opening an IOLTA simple. Once you establish an attorney business account relationship with NVE Bank we will be able to guide you through the process of setting up an IOLTA. The IOLTA Fund of New Jersey will inform NVE Bank when your account is approved to participate in the IOLTA program and we will convert your account into an IOLTA Trust Account. The interest earned on the account will be paid to the IOLTA Fund of New Jersey to be distributed to charities assisting the legal needs of the public.

Features

  • Meets New Jersey IOLTA requirements
  • Interest is paid to IOLTA Fund
  • Detailed Monthly Statement
  • Check Images

Rates

Rates are determined by the IOLTA Fund of New Jersey.

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