Trust Accounts - Approved Financial Institutions
Attorney trust accounts must be held at one of Idaho’s approved financial institutions. To be approved, a financial institution must submit a signed ARTAO agreement to the Idaho State Bar.
ARTAO Agreement: The financial institution agrees to provide notice to the Idaho State Bar whenever any properly payable instrument is presented for payment against an attorney trust account containing funds insufficient to honor the instrument in full.
Unless otherwise exempt, attorneys must maintain IOLTA accounts at an eligible IOLTA financial institution that has submitted a signed IOLTA agreement to the Idaho State Bar.
IOLTA Agreement: The financial institution voluntarily agrees to offer IOLTA accounts that pay the highest interest rate or dividend generally available at the institution to other similarly situated accounts non-IOLTA accounts, deduct only allowable, reasonable service charges or fees from the IOLTA account, and report information specified by the Idaho Law Foundation on each IOLTA account at least quarterly.
For more information on trust accounts, refer to Idaho Bar Commission Rules, Section XIII - Trust Accounts.
List of Approved Financial Institutions
The following list includes all financial institutions that have been approved to offer trust accounts, including IOLTA accounts, as of January 20, 2015.
PLEASE NOTE that the Idaho State Bar is still in the process of collecting signed trust account agreements from Idaho’s financial institutions. If you currently hold your trust account at a financial institution not on this list, check in with your financial institution and encourage them to return their signed agreement to the Idaho State Bar.
American West Bank
Farmer’s National Bank
Mountain West Bank