The IOLTA¹ deposit account is for lawyers who manage client funds whose interest earned can be used to provide free legal representation to low-income individuals.

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A $0 monthly maintenance service charge²

 

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Unlimited transactions (debit/credit) free of charge³

 

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Automatic transfer of interest generated directly to the Access to Justice Fund in compliance with Act 165 of 2013

 

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Access to view your account through Business Digital Banking App⁴

IOLTA ON YOUR MOBILE PHONE

Enjoy a complete commercial banking experience with Business Digital Banking.³

HOW TO APPLY

Ready to apply?

Make sure you have the following documents readily available before applying.

 

Valid ID with photo, such as: 

 

 

  • Driver's license​

  • Passport

  • Military ID

  • Government ID

In addition, the following documents: 

  • Commercial Register 

  • Municipal License 

  • Utility bill

With these documents in hand, start here.

Start here
FREQUENTLY ASKED QUESTIONS

 

An IOLTA account is an exclusive business account for attorneys authorized under Puerto Rico law to provide free legal services to non-profit entities and to low-income individuals. 

 

You can open an IOLTA account if you are a lawyer authorized to practice under the laws of Puerto Rico with only $0 and have a minimum of $0 balance. Certain restrictions apply. 

 

With an IOLTA, you can access your account information through Business Digital Banking App.⁴

See FAQs
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Member FDIC. 1Products exclusive for lawyers authorized for practiced under the laws of Puerto Rico. Available for DBA, corporations and other legal entities. 2Other service charges may apply when applying for specific services under the account. For example: making stop payments and applying for manager’s checks. 3Free unlimited transactions don’t apply for cable transfers. Deposits in this account cannot be used as collateral for loans or other obligations. The bank reserves the right to impose service charges. Interests earned through the account are property of FFAJ and does not belong to the client. The client is responsible for the management of funds under the FFAJ guidelines and the applicable laws and regulations for these types of accounts. 4Certain terms and costs may apply.

 

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