INFORMATION FOR ATTORNEYS
Lawyers admitted to practice in the District of Columbia are required to hold IOLTA-eligible funds in an interest-bearing trust account remitting to the DC Bar Foundation, with some limited exceptions. Please see the relevant portions of the DC IOLTA Rules and our Lawyer FAQs for more information.
TO ENROLL IN THE DC IOLTA PROGRAM:
Select a participating financial institution. We encourage you to bank with one of our DC IOLTA Prime Partners. These banks have agreed to offer highly competitive rates, generating more support for DC legal services. If your bank is not a Prime Partner, encourage them to sign up.
Download the DC IOLTA Account Registration Form and Account Checklist, and follow the instructions for opening and registering your DC IOLTA account. The title of the account must include the name of the lawyer or law firm AND “DC IOLTA Account” or “IOLTA Account.” It must also include the Foundation’s tax ID number.
Send the completed form to the DC Bar Foundation after you have opened your account:
FAX No: 202-467-3753
Client funds that you deposit in your IOLTA account — which would not otherwise earn interest — will start earning interest for the DC IOLTA program.
Need help? Contact Kirra L. Jarratt at the DC Bar Foundation for questions about banks and IOLTA forms (email@example.com or 202-853-9030) or Dan Mills at the DC Bar’s Practice Management Advisory Service for confidential advice on setting up your trust accounts: 202-737-4700 ext 3212 or firstname.lastname@example.org.
See all of our Participating Banks here.