Legal Industry Depository Services
Legal Industry Depository Services
Law firms have unique banking requirements, from managing client funds in trust to handling high-volume transactions. Prime Trust Finance Group offers a comprehensive suite of depository and treasury management services designed specifically for the legal industry.
Our dedicated team understands the strict compliance and operational standards required for IOLTA/IOLA accounts and escrow management. We provide the technology and personalized support to help your firm operate efficiently and securely.
Our Services
Tailored banking for law firms:
- IOLTA/IOLA Accounts: Compliant interest-bearing trust accounts for client funds.
- Escrow Management: Secure master and sub-account structures for simplified tracking.
- Remote Deposit Capture: Deposit checks from your office to save time.
- Wire Transfers: High-limit domestic and international wire capabilities with dual control.
- Partner Banking: Private banking services for partners and associates.
Frequently Asked Questions
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Do you offer IOLTA accounts?
Yes, we offer IOLTA (Interest on Lawyers' Trust Accounts) and IOLA accounts in all jurisdictions where we operate, handling all interest remittance and reporting requirements.
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What are your wire transfer deadlines?
We offer extended cut-off times for wire transfers to accommodate the closing schedules often required in legal transactions.
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Can you integrate with our accounting software?
Yes, our online banking platform supports data export to popular legal accounting and practice management software.