The online payment solution bank “M & T” has announced its partnership with Nota. The M&T Bank Nota is a business banking solution, especially for solo and small law firms. It helps law professionals to address inefficient workflows and provide legal funds movement.
It is a free and cloud-based platform that provides commercial banking solutions to manage law firms for lawyers. Therefore, Nota provides all banking facilities for business banking solutions to its customers, especially law professionals.
So keeping all this in mind M&T Bank has partnered with Nota to maintain and manage your firm’s finances in one place.
What is M&T Bank Nota?
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T is a bank that offers a wide range of banking services like savings accounts, checking accounts, credit cards, debit cards, loans, investments, insurance, etc.
This bank has partnered with Nota, a business banking solution specially designed for solo and small law firms. that help addresses inefficient workflows, and provide sophisticated money movement functionality and quality customer service.
It has offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. To get all banking and finance solutions, you need to open an account.
Key benefits that customers can expect:
They provide the following facilities to the customers and one can expect the same:
- All-in-One Management: This new integration gives you all the features you need to maximize your financial management efficiency, including a 3-way trust accounting solution, check printing and trust account management.
- Premier customer support: They also provide premier customer support via email, phone, and chat.
- Highest Level of PCI Compliance: LawPay exceeds the highest industry standards for internet security and PCI Level 1 compliance.
They say – “Our mission is to create the best banking experience for solo and small law firms, which is why we are thrilled to partner with LOPE,” said Gavin Musinske, Head of Sales at NOTA by M&T Bank. “NOTA users can now view LawPay transaction information directly in their bank account, thereby estimating matching deposit details.”
What is Nota by M&T Bank?
Nota is powered by M&T Bank and it is a fintech solution being developed to help lawyers quickly and easily track and manage client funds in compliance with state requirements.
So, the Nota community is built for lawyers and allows them to organize and reconcile client funds using information directly from their IOLA/IOLTA accounts.
It is currently available to M&T Bank IOLA/IOLTA account customers whose offices are located in New York, New Jersey, Maryland, Delaware, Pennsylvania, Connecticut, West Virginia, Virginia, etc., and who also practice law.
IOLTA has mastered and streamlined all the complex aspects of a difficult account resolution process, the biggest problem facing management lawyers. So that it can be done at the touch of a button.
For more details – visit www.trustnota.com.
M&T Bank Nota Key Benefits
There are three main features that NOTA provides that can be beneficial to the customers:
- Account all funds in your client trust account in real-time with digital client sub-accounts.
- Use the 3-way solution to continuously reconcile your IOLTA account. It is a one-click report that shows your IOLTA total balance, NOTA client ledger and book ledger. Import your customer accounts from Cleo to NOTA to ensure that your customer ledger is always accurate and balanced.
- Get notified with custom alerts when checks clear your account and enjoy peace of mind. And also with a seven-year digital paper trail with custom notes for each customer transaction.
Therefore, Nota works in collaboration with leading practice management, legal payments and accounting platforms to minimize time spent working from two systems.
Nota by M&T Bank and LawPay
Nota by M&T Bank and LawPay were both designed to support legal professionals by providing business banking solutions and secure online payments, respectively. It efficiently maintains your firm’s finances and securely accepts customer payments, all in one integrated system that fits seamlessly into your existing workflow.
FAQs
M&T Bank provides traditional banking services with wealth management and institutional capabilities.
There are the top ten owners of the M&T Bank corp.
M&T Bank protects your personal information with digital security features. M&T’s Online and Mobile Banking uses 256-bit SSL encryption and will automatically log you out of an inactive session. Online banking also uses IP address identification and asks security questions to aid in authentication.
M&T Bank is an American-based bank holding company headquartered in Buffalo, New York.
