IOLTA and IOREBTA Accounts
Dime Bank offers special checking accounts for attorneys and real estate professionals that help you meet the financial requirements of your profession.
We make it easy to manage your client funds
Your interest earnings support worthy causes.
IOLTA and IOREBTA accounts are designed to help lawyers and realtors comply with professional mandates to keep business and client funds separate.
- Interest on Lawyers Trust Accounts (available in CT and RI) hold client funds for limited time periods. The interest is transferred to the State Bar Foundation, which uses the money to provide legal aid to underserved communities.
- Interest on Real Estate Brokers Trust Brokers Trust Accounts (available in CT only) hold residential and commercial escrow funds for short terms. Interest is transferred to the CT Housing Finance Authority, which provides mortgage assistance to underserved communities.
Dime Bank offers business checking accounts designed to help local businesses manage finances fast, efficiently, and securely. Contact us or visit a branch to open an account.
Law offices and real estate firms in Connecticut and Rhode Island often require the same cash management services as other businesses. Contact our Cash Management team for more information about Merchant Services (credit card processing) and other cost-efficient solutions.
Keep business and personal finances separate. It makes tracking expenses and taxes easier.
Put your business savings in motion.
With flexible access and tiered earning potential, your funds can grow while staying ready when you need them.
(1) Interest rates are variable and subject to change at any time.