Re: I.O.L.T.A. Acounts

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On 7/17/06, Joel wrote:
> When I worked at Chase our attorney trust account did not have
> a fee you had one primary account to transfer fund into from
> the sub accounts that held the clients funds.
>

I'm not sure I understand your point. Iolta accounts don't have
sub accounts, thats the whole point of Iolta, one account tracked
by a single ledger by the Attorney. Are you saying that Chase
doesn't charge for IOLTA accounts, or are you saying that once an
attorney sets up one non IOLTA account, they can set up as many
separate trust account as needed at no charge at Chase?