Trust Accounts and IOLTA

The Maintenance of Trust Accounts is outlined and governed from the Organization and Government of the Virginia State Bar, Rules of the Supreme Court of Virginia Part 6, § IV, Paragraph 20. It is also reflective of Rule 1.15 on the safekeeping of property from the Rules of Professional Conduct.

The VSB Ethics Department has written a page to answer questions about trust accounting. To learn more about interest on Lawyer Trust Accounts (IOLTA) visit the Legal Services Corporation of Virginia.

Additionally, the VSB produces a brochure on the subject: Lawyers and Other People's Money: A Resource for Maintaining Trust Accounts (pdf).

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American Bank
Appalachian Community Federal Credit Union
Atlantic Union Bank
Bank of America
Bank of Botetourt
Bank of Charles Town
Bank of Clarke
Bank of Hope
Bank of the James
BankUnited, N.A.
Benchmark Community Bank
Blue Grass Valley Bank
Blue Ridge Bank N.A.
BOKF, NA dba Bank of Texas
Burke & Herbert Bank & Trust Co.
Calvin B. Taylor Banking Co., Berlin, MD
Capital Bank, N.A.
Capital One, N.A.
Carter Bank & Trust