State Bank Levy

The State can also place a levy on your bank accounts, just like the IRS. This Levy can seize your wages, property, bank accounts, or any assets you may own.

A State Bank Levy will seize all funds that you have in your bank accounts, including checking, savings, money markets, and mutual funds. Once the bank gives you notice of a levy, they will pull funds from your account and hold it for 5-10 days to give you the chance to contact the state to release your funds. The 5-10 days start from when the bank puts a hold on your funds, not the date that you received the levy notice. If the levy is released, they will put the funds back into your bank account, and if the levy is not released, they will send the funds directly to the State.

If your bank account has been levied you should contact our tax experts to help get your money back! The Tax Defense Group has negotiated the release of hundreds of bank levies from many States and we can help you too!