IOLTA for Financial Institutions
IOLTA SECURE FILE TRANSFER SYSTEM
Enter Here:
As of March 1, 2025, all participating Virginia financial institutions should use this portal to upload their IOLTA remittance reports. Click the black button above to access the Legal Services Corporation of Virginia’s secure Remittance Upload System (RUS). From there, select login and follow the instructions to complete the upload process. See the resources below for a copy of the remittance form, detailed instructions about completing and uploading the form, FAQ’s, the closed accounts file template, and a link to register for the system. If you have any issues with the upload process or additional questions, please contact Carolyn Lawrence at 804-782-9438 or lawrence@lscv.org.
Please follow your typical procedures for submitting January remittances.
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Register for Remittance Upload System (link) (available on 2/24/25)
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Prime Partners Program
Across the Commonwealth (and the nation), IOLTA revenue is a significant source of funding for civil legal aid programs working on behalf of low-income individuals and families.
LSCV is grateful for the partnership of the financial institutions in Virginia who participate in the IOLTA program. The list below celebrates our Prime Partners who have agreed to waive fees and offer Virginia’s most competitive interest rates on IOLTA accounts. These rates translate directly to more money for legal aid programs to help Virginia residents in need of assistance.
Please call us if you’d like to discuss the placement of your institution on this list.
IOLTA interest rates of at least 3.38% (75% of the Fed Funds Rate)
IOLTA interest rates from 2.93% up to 3.38% (at least 65% of the Fed Funds Rate)
Bank of Tennessee
Pinnacle Bank
IOLTA interest rates from 2.48% up to 2.93% (at least 55% of the Fed Funds Rate)
Bank of America
Bank of Charles Town
Bank of Clarke
BankUnited, N.A.
BMO Bank, N.A.
Citibank, N.A.
EagleBank
Encore Bank
Fulton Bank
JP Morgan Chase
Legacy Bank
MainStreet Bank
Manufacturers and Traders Trust Co. (M&T Bank)
Mountain Commerce Bank
PNC Bank, N.A.
Renasant Bank
Sandy Spring Bank
TD Bank, N.A.
Trustar Bank
United Bank
Rates as reported to LSCV by 2/4/2025.
Note to financial institutions —
LSCV will recognize participating financial institutions through the Virginia IOLTA Prime Partners Program as follows:
Financial institutions that waive fees and pay an interest rate on IOLTA accounts of at least 55% of the Fed Funds Rate (FFR) will be listed on this webpage.
Financial institutions that waive fees and pay an interest rate on IOLTA accounts of at least 65% of the FFR will be listed on this webpage and will also receive a Community Reinvestment Act (CRA) letter each year detailing their IOLTA contributions in support of Virginia’s low-income communities.
Financial institutions that waive fees and pay an interest rate on IOLTA accounts of at least 75% of the FFR will be listed on this webpage, will receive a CRA letter each year detailing their IOLTA contributions in support of Virginia’s low-income communities, and will have their hyperlinked bank logos displayed on this webpage for additional visibility.
LSCV will use the upper limit of the FFR range for determining recognition tiers. (For example, 55% of the upper limit of the current FFR of 4.25-4.5 is equivalent to 2.48%.) LSCV will update the website by the first of the month following any change in the FFR.
Please send any changes or corrections to info@lscv.org.