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

It feels like I'm comingling funds.
Sadistic lay elastic band
  01/22/26
No clue. Not a shit lawyer.
Crusty Fantasy-prone Cruise Ship Pervert
  01/22/26
...
Razzle judgmental jap
  01/22/26
Iirc my state has a rule that allows a lawyer to coomingle i...
Misunderstood razzle-dazzle psychic church
  01/22/26
Fuck. I was hoping I could avoid depositing the $100.
Sadistic lay elastic band
  01/22/26
You can keep a small amount to cover fees.
wild place of business resort
  01/22/26
If I make the $100 deposit it would come out of my operating...
Sadistic lay elastic band
  01/22/26
Yes I understand that. It was an implicit premise of your O...
wild place of business resort
  01/22/26
I'm not keeping anything though. $100 of my own money will g...
Sadistic lay elastic band
  01/22/26
I think your law practice is going to go great.
wild place of business resort
  01/22/26


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Reply Favorite

Date: January 22nd, 2026 7:14 PM
Author: Sadistic lay elastic band

It feels like I'm comingling funds.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2\u0026mark_id=3986969#49609967)



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Date: January 22nd, 2026 7:15 PM
Author: Crusty Fantasy-prone Cruise Ship Pervert

No clue. Not a shit lawyer.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2\u0026mark_id=3986969#49609969)



Reply Favorite

Date: January 22nd, 2026 7:15 PM
Author: Razzle judgmental jap



(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2\u0026mark_id=3986969#49609970)



Reply Favorite

Date: January 22nd, 2026 7:17 PM
Author: Misunderstood razzle-dazzle psychic church

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\u0026mark_id=3986969#49609972)



Reply Favorite

Date: January 22nd, 2026 7:19 PM
Author: Sadistic lay elastic band

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

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2\u0026mark_id=3986969#49609979)



Reply Favorite

Date: January 22nd, 2026 7:19 PM
Author: wild place of business resort

You can keep a small amount to cover fees.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2\u0026mark_id=3986969#49609981)



Reply Favorite

Date: January 22nd, 2026 7:20 PM
Author: Sadistic lay elastic band

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\u0026mark_id=3986969#49609985)



Reply Favorite

Date: January 22nd, 2026 7:24 PM
Author: wild place of business resort

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

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2\u0026mark_id=3986969#49609999)



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Date: January 22nd, 2026 7:26 PM
Author: Sadistic lay elastic band

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\u0026mark_id=3986969#49610006)



Reply Favorite

Date: January 22nd, 2026 7:27 PM
Author: wild place of business resort

I think your law practice is going to go great.

(http://www.autoadmit.com/thread.php?thread_id=5825201&forum_id=2\u0026mark_id=3986969#49610012)