IOLTA Checking

Integrity in Practice. Impact in Community.

Rates

  • No Service Fee
  • Free Wire Transfers
  • Streamlined Opening
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We Know Your Focus

Our IOLTA Checking is designed to handle the complexities of trust accounting with zero friction, ensuring you remain in full compliance while your firm supports essential civil legal aid across Massachusetts.

 

An Account Made Simple

We manage the details so you can manage your cases.

  • Automatic Dividend Remittance: All interest earned is sent directly to the Massachusetts IOLTA Committee to fund legal services for those in need.

  • Zero Cost to Your Firm: No monthly service fees and no minimum balance requirements. Your firm’s operating capital stays separate and untouched.

  • Free Wire Transfers: We waive wire fees on this account to facilitate the fast, secure movement of settlement funds and real estate transactions.

  • Streamlined Start: Open your trust account with a simple $10 deposit.

 

Modern Tools

We provide the modern tools necessary for a high-functioning law practice.

  • The First Order is On Us: Your firm’s first book of checks is free (up to $100 value).

  • Secure Digital Oversight: Use our online or mobile Business Digital Banking suite to monitor transactions, view eStatements, and manage deposits from anywhere

  • Local Expertise: Our local team is available to help you set up and manage your accounts with a personal touch.

 

A Partner for Your Practice

At SMCU we’re proud to be a certified depository that serves Massachusetts attorneys. 

Ready to open a new trust account or transition your firm? Request Info. We understand the unique needs of the legal community and are ready to help you get started.

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The Unlawful Internet Gambling Enforcement Act, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. The Department of the Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.

As defined Regulation GG, unlawful Internet gambling means to "place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made". As a member of St. Mary's Credit Union, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.