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Client Trust Accounts

As a business owner, you know how important it is to keep your money safe. Idaho Central can help! Depending on your specific needs, we can help establish an Interest On Lawyer Trust Account (IOLTA) or Real Estate Trust Account (RETA). Let’s talk and get keep your money safe and secure.

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A TRUST ACCOUNT IS BEST IF:

You’re in need of an Interest on Lawyer Trust Account or Real Estate Trust Account.

Interest On Lawyer Trust Account (IOLTA)

Interest on Lawyer Trust Account (IOLTA) is a program established by the Idaho Law Foundation, Inc. (ILF) and Idaho State Bar to gather interest on general client trust funds. The interest is pooled together and remitted to the Idaho Law Foundation to be used for law-related charitable programs.

  • Keeps client funds safe and separate
  • Raises money for charitable purposes
  • All interest is transferred to an Idaho Law Foundation Account

Minimum Balance to Open

$100

Contact a Business Relationship Specialist

Real Estate Trust Account (RETA)

Real Estate Trust Accounts (RETA) are established by brokerages to hold money that is received by the broker on behalf of another individual until the completion of a real estate transaction. These accounts are commonly referred to as earnest money or escrow accounts.

  • Keeps client funds safe and separate
  • No monthly service fee
  • NCUA insured up to $250,000

Minimum Balance to Open

$0

Contact a Business Relationship Specialist

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At Idaho Central Credit Union, we provide specially designed products and services to help your business grow. This is why it’s never just business as usual with Idaho Central. It’s Business Unusual.

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