Business Checking Accounts
IOLTA/MAHT Checking Account:
Created specifically for law firms and title companies in Maryland to separate their trust account from their regular corporate practice accounts.
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- Minimum opening deposit: $0
- Minimum collected daily balance: No balance required
- Monthly maintenance fee: None
- Monthly interest earning: Yes, paid to Maryland Legal Services Corporation, for IOLTA accounts and Maryland Affordable Housing Trust for MAHT accounts.
- 24-hour online access: Yes, free
- Online Banking: Yes, free
- Electronic Monthly Statements: Yes, free
- Paper Monthly Statements: Yes, $5.00 per month if concurrently enrolled in Online Banking.
- Must be linked to: BlueRidge Bank Regular Business or Corporate Banking Account
- Service Fees: Assessed against linked account
- And especially Remote Deposit Capture: Yes, please visit Remote Deposit link for more information
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