\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Bank wants $100 deposit to set up IOLTA. Is this ethical?

It feels like I'm comingling funds.
floppy out-of-control lodge
  01/22/26
No clue. Not a shit lawyer.
Garnet idea he suggested
  01/22/26
...
dashing background story
  01/22/26
Iirc my state has a rule that allows a lawyer to coomingle i...
salmon plaza fanboi
  01/22/26
Fuck. I was hoping I could avoid depositing the $100.
floppy out-of-control lodge
  01/22/26
You can keep a small amount to cover fees.
sadistic cheese-eating library
  01/22/26
If I make the $100 deposit it would come out of my operating...
floppy out-of-control lodge
  01/22/26
Yes I understand that. It was an implicit premise of your O...
sadistic cheese-eating library
  01/22/26
I'm not keeping anything though. $100 of my own money will g...
floppy out-of-control lodge
  01/22/26
I think your law practice is going to go great.
sadistic cheese-eating library
  01/22/26


Poast new message in this thread



Reply Favorite

Date: January 22nd, 2026 7:14 PM
Author: floppy out-of-control lodge

It feels like I'm comingling funds.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49609967)



Reply Favorite

Date: January 22nd, 2026 7:15 PM
Author: Garnet idea he suggested

No clue. Not a shit lawyer.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49609969)



Reply Favorite

Date: January 22nd, 2026 7:15 PM
Author: dashing background story



(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49609970)



Reply Favorite

Date: January 22nd, 2026 7:17 PM
Author: salmon plaza fanboi

Iirc my state has a rule that allows a lawyer to coomingle in some amount of de minimus funds if necessary.

Check you RPC frequently!

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49609972)



Reply Favorite

Date: January 22nd, 2026 7:19 PM
Author: floppy out-of-control lodge

Fuck. I was hoping I could avoid depositing the $100.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49609979)



Reply Favorite

Date: January 22nd, 2026 7:19 PM
Author: sadistic cheese-eating library

You can keep a small amount to cover fees.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49609981)



Reply Favorite

Date: January 22nd, 2026 7:20 PM
Author: floppy out-of-control lodge

If I make the $100 deposit it would come out of my operating expenses, not client funds.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49609985)



Reply Favorite

Date: January 22nd, 2026 7:24 PM
Author: sadistic cheese-eating library

Yes I understand that. It was an implicit premise of your OP.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49609999)



Reply Favorite

Date: January 22nd, 2026 7:26 PM
Author: floppy out-of-control lodge

I'm not keeping anything though. $100 of my own money will go into this bank account, and I'll never get it back unless I close the account.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49610006)



Reply Favorite

Date: January 22nd, 2026 7:27 PM
Author: sadistic cheese-eating library

I think your law practice is going to go great.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2",#49610012)