IOTA Checking Accounts | Sunstate Bank
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IOTA Checking

Simplified, Compliant Trust Accounting for Florida Attorneys

As a legal professional, your time is valuable - and your client trust accounting must meet strict regulatory standards. That’s why Sunstate Bank offers the IOTA (Interest on Trust Accounts) Checking Account, designed to help Florida attorneys manage client funds safely, ethically, and efficiently.

Fully compliant with Florida Bar rules, our IOTA account offers everything you need - with none of the hassle.

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Key Benefits

Compliant with Florida Bar Requirements

We handle all interest payments and reporting directly to The Florida Bar Foundation.

No Cost to You or Your Clients

There are no fees charged to you or your clients. All interest benefits public legal assistance programs.

FDIC Insured

Funds are federally insured up to applicable limits, giving you and your clients peace of mind.

Free Online & Mobile Banking

Easily manage balances, track deposits, and view transaction history from anywhere.

Expert Support

Our team is experienced in legal banking and here to help you stay compliant and efficient.

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What Is an IOTA Account?

An IOTA (Interest on Trust Account) is a special type of checking account used by attorneys and law firms to hold nominal or short-term client funds. The interest earned is automatically remitted to The Florida Bar Foundation to support legal aid and justice initiatives statewide.

Why Legal Professionals Choose Sunstate Bank

  • Decades of experience serving South Florida law firms
  • Personalized service and fast onboarding
  • Multilingual support: English, Spanish, and Portuguese
  • Trusted community bank with local decision-making
  • Voted Miami-Dade’s Favorite Bank two years in a row

IOTA Account Snapshot

Minimum Opening Deposit $100
Monthly Fee None - this account is offered at no cost
Interest Handling Paid directly to The Florida Bar Foundation
Eligibility Available only to licensed Florida attorneys and law firms
Required Must maintain an active operating account with Sunstate Bank
Online & Mobile Banking Free, includes mobile check deposit
FDIC Insured Yes - up to $250,000 per depositor, per ownership category
Online Access Free online and mobile banking with eStatements

Open Your IOTA Account Today

Contact a Business Banker or visit one of our branches in Coral Gables, West Miami, or The Falls to open your IOTA and operating accounts. We’ll walk you through the setup process and help ensure everything is properly configured.

Contact a Business Banker

*An active business operating account is required to open and maintain an IOTA account. For full account disclosures, please call or stop into one of our branches. Additional fees may apply.