Attorney Trust Accounts |
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This interest earning checking account is available to all California Attorneys and law firms that receive and disburse client funds. For State Bar accounts, interest earned on the account is remitted monthly to the California State Bar Association on your behalf. |
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In accordance with Sections 6210-6228 of the California Business and Professional code, this account is for trust funds that are nominal in amount or that are on deposit for a short period of time.
Business Interest Checking1Available to non-profits, sole-proprietorships and legal service trust accounts | |
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| Opening Deposit | $1,000.00 |
| Service Charge Discounts | $5 discount for eStatement2 and/or $40 discount with an average monthly ledger balance of $10,000 ($7,500 for State Bar Accounts) |
| Monthly Service Charge | $45.00 |
| Account Transaction Fees | First 200 transactions per month included, then $0.20 a transaction.3 |
| Cash Deposited | First $5,000 deposited free, then $0.20 per $100 |
| Interest Bearing | Yes, Tiered Interest Rate4 |
| Other Available Services | |
| Free Online Banking | |
| Visa® Business Debit Card with UChoose Rewards | |
| Business Bill Pay5 | |
| Cash Management Services5 | |
1 Checking plans are subject to change without notice.
2 Online Banking is required to receive your monthly checking account statement electronically. To receive electronic delivery service, you must have a working connection to the Internet with e-mail capability and Adobe Reader 5 or higher.
3 Transactions refer to any combination of paid and deposited items, including paper and electronic. Internal transfers initiated through Online Banking and Business Visa® Bonus Debit Card transactions are not included.
4 See current rate sheet for tiers and rates. Variable rate may change daily and interest is compounded daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
5 Additional fees apply. Please refer to our Deposit Rate and Fee Disclosure for details.