The answer to your question should be found in the law or regulation under which the garnishment or levy was issued. Given the differences between the laws of the states, I recommend that you review the procedural requirements with bank counsel familiar with the laws of your state.
Funds On Hold (Levies/Garnishments)
When a bank receives levies/garnishments, can the bank put the funds that are on hold into another account to wait out the number of days noted on the notice? Or do the held funds have to remain in the account that it is coming from for the number of days noted in the notice?
First published on 11/08/2015