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| Checking Links | Legal Services Trust Account | |||||||||||||
Related Services
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A Legal Services Trust account is an interest-bearing account established by an attorney or law firm, which, in the course of practicing law, receives or disburses client funds held for future disbursements to third parties. In accordance with sections 6210-6228 of the California Business and Professions Code, this interest-earning checking account is available to all California attorneys and law firms that receive and disburse client funds. This account is for trust funds that are nominal in amount and or that are on deposit for a short period of time. Each month, interest earned on the account is automatically forwarded by the Bank to the California State Bar Association on behalf of the attorney or law firm. Service fees are deducted from the interest earned prior to payment to the Bar Association, and are not deducted from the account directly. The account may maintain a zero balance at any time and remain open for future activity. The Account Offers You:
Fees
Disclosures Terms subject to change. No Minimum Opening Deposit. Fees may reduce earnings. |
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| Santa Barbara Bank & Trust,
First National Bank of Central California,
South Valley National Bank,
San Benito Bank,
Pacific Capital Bank,
and First Bank of San Luis Obispo
are divisions of Pacific Capital Bank, N.A., member FDIC.
© - Pacific Capital Bank, N.A. All rights reserved. | ||||||||||||||
