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#562585 - 06/06/06 03:32 PM Wire Fees for IOLTAs
Samoht Offline
New Poster
Joined: Jun 2006
Posts: 15
PA
An Iolta customer had a deposit wired-in. Can we charge the IOLTA account for the wire-in fee or do we need to waive the fee?

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#562586 - 06/12/06 08:36 PM Re: Wire Fees for IOLTAs
DCollins Offline
Platinum Poster
DCollins
Joined: Oct 2001
Posts: 707
Fees for services such as stop payments, certified checks insufficient funds, and wire transfers should not be assessed against IOLTA interest nor deducted from the principal of the IOLTA account. Instead, such charges should be brought to the attention of the attorney for payment or by agreement with the attorney, charged to the attorney's business account.

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