Escrow & Legal
Streamline IOLA Management with Our Specialized Banking Services
GRB’s Escrow & Legal Services solutions provide a no-fuss way to manage the requirements of managing Interest on Lawyers’ Trust Accounts (IOLAs). GRB provides interest-bearing IOLA accounts with low-cost wires and a dedicated team to help manage your account and keep costs low.
GRB also offers Insured Cash Sweep (ICS) accounts to provide full FDIC coverage on operating accounts.
Explore our Specialized Banking Services account options:
SBA Lending
(Interest on Lawyers’ Trust Accounts)
IOLAs are a type of interest-bearing trust account established and maintained by lawyers to hold client funds that are nominal in amount or expected to be held for a short period.
GRB provides interest-bearing IOLA accounts with low-cost wires and a dedicated team to help manage your account and expenses.
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ICS Demand
Accounts
An Insured Cash Sweep (ICS) Demand account is for customers with operating balances in excess of $250,000 that would like full FDIC coverage on those balances.
ICS allows depositors to access FDIC insurance coverage on large deposits exceeding the standard insurance limit by spreading the funds across multiple banks within the network.
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WAYS TO SAVE WITH GRB
We believe in the success and growth of your portfolio. That’s why at GRB we do not charge for:
- Average Balance Requirements
- Incoming Wires
- Fraud Management Tools
- Online Business Banking Platform
- Online Bill Payments
Additionally, we only charge $5.00 for outgoing domestic wires!
If you’re ready to start saving on your day-to-day business banking needs, contact our Specialized Banking Services team, today!
Our Team is here for you!
Our dedicated Specialized Banking Services team exclusively serves our legal professionals. When you call GRB, a real person picks up the phone, knows who you are, and understands your practice needs.
Use the dropdown to meet the Specialized Banking Services team ready to assist you!
Lida Kalantari
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Resource Center
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