Questions about our IOLTAs?

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  • IOLTA

    Bridgeview Bank is an approved financial institution by the Lawyers Trust Fund of Illinois as a participant in the Interest on Lawyer Trust Accounts (IOLTA) program. This unique partnership between the banking community and the legal profession provides hundreds of thousands of people across the country the legal help they need.

    Bidgeview Bank IOLTA checking accounts are limited to attorneys and law firms that maintain escrow funds for multiple clients. An IOLTA checking account pools the funds into a single, interest bearing account. Interest earned, less any allowable reasonable service fees, is forwarded by Bridgeview Bank Group to the Lawyers Trust Fund of Illinois to fund legal expenses for those who are unable to afford legal services, and other justice related projects of the board.

    WHY AN IOLTA

    Bridgeview IOLTAs are an easy way for lawyers to hold funds in a trust or escrow account for their clients. If you are an attorney who handles nominal or short-term client funds that cannot earn interest for that client in excess of the costs incurred to collect the interest, Bridgeview Bank assists you with pooling the money into an interest bearing account and distributing the interest to the Lawyers Trust Fund of Illinois.

    IOLTA BENEFITS:

    • Meet certain State and Supreme Court compliance requirements
    • More effectively manage client funds
    • No minimum balance and no monthly maintenance fee
    • Enjoy convenient online banking access and free checks
    • Unlimited monthly transactions
    • Detailed monthly statement
    • Interest earned on the entire account balance
    • Earn competitive interest distributed each month to the Lawyers Trust Fund of Illinois
    • Make a positive impact in the community

    According to the American Bar Association, IOLTA programs have helped fund numerous programs that have had a positive impact on the delivery of legal services to the poor, including loan repayment assistance programs, legal assistance hotlines, victim services programs, minority lawyer recruitment initiatives, and law school scholarship programs.

    To learn more about IOLTAs, stop by any of our Chicagoland locations and a Personal Banker will be happy to assist you. You may also contact our Customer Care Center at customercare@bridgeviewbank.com or by calling 800-794-2070.


    Primary Loan Centers:

    79th Street Office

    7940 S. Harlem Ave.
    Bridgeview, IL 60455
    Phone: 708.728.7805

    Lincoln Park Office

    1970 N. Halsted St.
    Chicago, IL 60614
    Phone: 773.975.5307

    Uptown Office:

    4753 N Broadway
    Chicago, IL 60660
    Phone: 773.989.2991

    Vernon Hills Office

    1175 Corporate Woods Pkwy.
    Suite 100
    Vernon Hills, IL 60061
    Phone: 773.975.5313




    Other Loan Centers:

    Chicago - Bryn Mawr

    Phone: 773.989.2062

    Chicago - Edgewater

    Phone: 773.989.5782

    Chicago - Garfield Ridge

    Phone: 773.989.2381

    Chicago - Lincoln Square

    Phone: 773.989.2370

    Beach Park

    Phone: 847.782.6300

    Bridgeview - 87th St.

    Phone: 708.728.7691

    Oswego

    Phone: 630.554.4206

    Woodridge

    Phone: 630.971.6104


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