Designed for lawyers and law firms with short-term client funds, this unique IOLTA account benefits members of our community who are in need. Funds are pooled to generate interest income that is then used for state legal aid funds through the IOLTA program.

Beneficial Ownership Requirements

All Sonabank business account holders will be required, due to regulatory reasons, to provide us with certain information on its Beneficial Owners.

This information must be provided on Sonabank's Beneficial Owner Form before a new account can be opened, or any changes can be made to an existing account.

APY=Annual Percentage Yield