IOLTA Checking
IOLTA Checking
Account Details
Limited to Michigan law firms supporting the Michigan State Bar foundation. This account is only available in relationship with law firm’s primary operating account.
Balance Requirement
No minimum balance requirement or monthly maintenance fee.
Transaction Allowance
Unlimited monthly transaction allowance.
Interest Rates
Competitive tiered interest rate.
Service charges are subject to change at any time.
Key Features and Benefits
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Available to law firms that maintain primary banking relationship with Mercantile Bank.
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Online access to balance, transaction and statement information.
Enhance this account with additional business services from Mercantile.
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Positive Pay – Help protect your accounts against check and ACH fraud with advanced fraud mitigation solutions.
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Mobile & Remote Deposit – Deposit checks securely from your office or mobile device.
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ACH & Wire Payments – Send and receive electronic payments quickly and efficiently.
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Business Bill Pay – Simplify vendor payments and recurring business expenses.
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Business Credit Cards – Manage expenses and make business purchases with confidence.
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Business Debit Cards – Convenient access to business funds for everyday transactions.
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Credit Card Processing – Accept credit and debit card payments in-store, online, or on the go.
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Payroll & Human Capital Management (HCM) – Streamline payroll, HR, and workforce management with MercForce.
Business Banking Advantage®
Delivers powerful rewards, savings, and protection. Members gain business security and protection (including identity theft and cyber safeguards), full‑service travel rewards with MercPerks® (cash back, guaranteed low pricing, and concierge support), while also getting local and national business savings.
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