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How Will Trust Payment Related Charges from Clio Payments Be Displayed on My Bank Statement?

Question:

  • When Clio Payments charges/debits my operating bank account for any trust payment related fees, what will the corresponding transaction show up as?

Environment:

  • Clio Manage

Additional Information:

  • Given that Clio is Trust/IOLTA compliant, your Trust account will never be charged for processing fees related to trust payments. Rather, your default operating account is charged for this fee. 
  • When Does Clio Deduct Fees for Trust Payments?

Answer:

The trust payment related fee will show up as 'Clio Payments' on your bank statement 

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