Interest On Lawyer Account (IOLA) Checking

Manage your client’s funds with ease, affordability, and tiered dividend rates.

Simplify Client Fund Management

Interest on Lawyer Accounts (IOLA) allow attorneys and law firms practicing in New York State to deposit client funds, which are small in amount or short in duration, into an account that earns dividends for the NYS IOLA Fund. The fund uses the earned dividends to provide civil, legal aid to those in need and supports improvements to the justice system. 

Visit a Branch to Open an IOLA Business Checking Account

Check Out Our IOLA Business Checking Account Rates

Please refer to our Business Fee Schedule for the costs associated with transfers to and from other financial institutions. Fees for special services like wire transfers are charged directly to the attorney or firm's business operating account. 

Establish HVCU Business Membership

To open an Interest On Lawyer Account (IOLA), you or your law firm must be registered to practice law in NYS and must be a business member at HVCU. Speak with a business relationship manager and get started today.

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Invest in the Success of Your Firm

Business Checking

Business Checking
Manage payables and receivables with a simple, easy-to-use business checking account.


Business Savings

Business Savings
Start saving for future business expenses and materialize the most ambitious aspirations.


Business Certificate Account

Business Certificates
Save for future business expenses and projects. Competitive rates on higher balances and longer term periods.


Your Money Is Protected

Accounts at HVCU are Federally Insured for up to $250,000. Share insurance coverage is provided by the National Credit Union Administration (NCUA), an independent government agency that charters, regulates and insures federal credit unions. Visit to learn more about your Share Insurance Coverage.

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