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Approved Financial Institutions

All trust or escrow funds held by an attorney practicing in Delaware shall be maintained only in financial institutions approved by the Lawyers’ Fund for Client Protection (the “Fund”). To be designated an “Approved Rule 1.15A Financial Institution” the financial institution shall have filed with the Fund an executed “Overdraft Notification Agreement” certifying that:

All accounts into which attorney trust or escrow funds are deposited shall include in the account title the words “Rule 1.15A Attorney Trust Account” or “1.15A Trust Account” or a “Rule 1.15A Attorney Escrow Account” or “1.15A Escrow Account”; and

The financial institution shall report to the Office of Disciplinary Counsel when an electronic debit or instrument is presented against a Rule 1.15A Attorney Trust Account or Rule 1.15A Attorney Escrow Account containing insufficient funds, irrespective of whether or not the debit or instrument is honored.

Approved Rule 1.15A Financial Institutions

IOLTA Eligible Financial Institutions

All trust or escrow funds that an attorney has determined need not be deposited into an interest or dividend-bearing account for the benefit of the client or third-person must maintain pooled trust/escrow accounts in a financial institution with a physical presence in Delaware and have been approved by the Delaware Bar Foundation. The list of financial institutions eligible to participate in Delaware’s IOLTA Program can be found on the Delaware Bar Foundation IOLTA web page.