The Supreme Court of New Jersey requires that attorneys maintain their trust accounts with institutions that maintain deposit insurance from a federal government agency such as FDIC or NCUA, are willing to cooperate with the IOLTA program and meet the Best Customer Standard and report overdrafts to the Office of Attorney Ethics.

FDIC coverage of attorney trust accounts is different than for ordinary bank accounts. To link to the FDIC's brochure about insured deposits, click here: http://www.fdic.gov/deposit/deposits/brochures/your_insured_deposits-english.html