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Open a MJ-IOLTA Account

Opening a MJ-IOTA Account is a Simple Process

  1. Download and print the Enrollment Form.

  2. Choose a bank or credit union from the list of eligible financial institutions [link] approved by the Pennsylvania Supreme Court to hold PA IOLTA accounts.

  3. Take the Enrollment Form to the bank. Complete it with the bank manager.

  4. Email a scanned copy of the completed Enrollment Form to the IOLTA Board at paiolta@pacourts.us. Leave a completed copy with the bank, and keep a copy for yourself.

A judicial official may select any depository institution meeting the regulatory requirements. However, where you bank is extremely important to the IOLTA Board’s mission as the interest rate on the account drives the revenue available for IOLTA’s mission. Platinum Leader Banks have committed to pay premium yields on IOLTA Accounts. This means more funding for legal aid. The IOLTA Board encourages judicial officials to patronize them.

Select a Platinum Leader Bank

Tips for Opening a MJ-IOTA Account Successfully

  • MJ-IOTA Accounts are specialized bank products. Make an appointment with the bank manager to establish your MJ-IOTA Account.
  • IOLTA’s Federal Tax ID number should be associated with the account’s earned interest, not the principal balance.
  • The mailing address on the IOLTA Account should be that of the MDJ court office, not the IOLTA Board’s mailing address.
  • Be sure to send the completed Enrollment Form to the IOLTA office (this can be sent by email or mail).
  • If the bank you have selected is not a Platinum Leader Bank, ask the manager to consider electing Platinum Leader Bank status.