IOLTA Accounts for Attorneys and Law Firms
Manage qualifying client trust funds with an interest-bearing checking account supported by local, responsive service.IOLTA accounts are available through Farmers Bank & Trust in Arkansas, Texas, Oklahoma and Ohio.
What is an IOLTA Account?
An Interest on Lawyers’ Trust Account, or IOLTA, is designed for attorneys and law firms holding qualifying client funds. Interest earned on the account is remitted to the appropriate state program to help support legal services.
Farmers Bank & Trust participates in the Texas Prime Partner Program and Arkansas Preferred Bank Program.
Account Details
- Variable interest compounded daily
- $100 opening deposit
- No minimum balance requirement
- No monthly service fee
- Imaged checks included with statements
- Mastercard® Debit Card
- MyFarmers Online and Mobile Banking
- Free coin counting
- 15 Bill Pay transactions per statement cycle at no charge; $0.75 for each additional transaction
- Night depository available
- Free bank zipper bag
- Autobooks
- Tap2Local*
- Official IOLTA program forms required
Current IOLTA Rates
We offer highly competitive interest rates* on our IOLTA accounts, maximizing contributions to legal aid programs:
- IOLTA Arkansas Checking – 2.28% APY | 2.25% Interest Rate
- IOLTA Oklahoma Checking – 2.28% APY | 2.25% Interest Rate
- IOLTA Texas Checking – 3.43% APY | 3.375% Interest Rate
- IOLTA Ohio Checking – 2.45% APY | 2.43% Interest Rate
*Rates are variable and may change after the account is opened. Fees may reduce earnings. APY means Annual Percentage Yield. Effective as of September 3, 2026.
Local Support for Your IOLTA Banking Needs
Our bankers can help attorneys and law firms understand the account requirements, complete the appropriate IOLTA program forms and establish an account for qualifying client funds.
With no minimum balance requirement and no monthly service fee, an IOLTA account from Farmers Bank & Trust offers straightforward trust-account banking with personal support from a local team.
Ready to get started? Contact your nearest Farmers Bank & Trust location.
