LawPay Mercer Health & Benefits Administration LLC



Information for Banks

The MSBA recognizes financial institutions that commit to improving access to justice in Minnesota communities and invites banks to participate in our Prime Partner Program. This program gives financial institutions the opportunity to be recognized for significantly benefiting their communities.

Minnesota IOLTA rules require attorneys to place IOLTA accounts at financial institutions that pay interest rates comparable to other similarly situated accounts. Prime Partner Institutions are those that go above and beyond this requirement to support the IOLTA program in its mission to ensure that low-income Minnesotans have access to critically needed legal aid. Financial institutions that agree to pay a net interest rate of 0.5% on IOLTA accounts are recognized as members of the Prime Partner Program.

Prime Partner Enrollment Form

Prime Partner Benefits

  • Highlighted on Judicial Branch Eligible Banks list as a "Prime Partner"
  • Featured prominently on Minnesota State Bar Association website
  • Featured in Bench & Bar, the magazine distributed to 15,000+ MSBA members
  • Promoted in materials for MSBA members
  • Highlighted in materials to new attorneys opening IOLTA accounts

Prime Partner Requirements

To be eligible for the above benefits, financial institutions must waive fees and pay a net interest rate of at least .5% on IOLTA accounts.

If you have questions about the Prime Partner Program, please contact Sherri Knuth at (612) 278-6330.

For questions about the IOLTA program, visit the Minnesota Judicial Branch.