Does Anyone Know How a Bank Levy Works?

jennifer:

If you work - take a day off with your husband and go to the court house and get this FIXED NOW!!!

The bank outright lied to you - if you have a delinquent account - they WILL go after you for it. They will close the account after a certain time then if you have other accounts with them - they will take from those accounts. Is it right? NO WAY!! Once they do this - if they cannot collect from you - they will turn it over to a collection agency. The collection agency will do what they can and will to collect the funds as well - your credit will be ruined. This levy is most likely now attached to your credit report.

The state will go after you - for all the child support - with taxes due - they will levy any and all of your refund that you might get...by law they are entitled to do that as you have a court order which stipulates monies are due!!!

GO WITH HIM TO THE COURT HOUSE AND GET HIS MESS STRAIGHTENED OUT NOW!!!! BEFORE IT GETS WORSE!!!

You need to get this fixed with the courts. The bank can and will take the funds from another account you have with them after a certain period of time of the account sitting negative.

Ok, I worked at a bank for 10 years. Usually whenever there is a levy attached, they will place a hold on the account, but not actually draw it negative. So any money you put into the account will be sent to the CSE. There is usually a time period for which the levy is placed. So after that amount of time, it will fall off. The bank shouldn't close the account or anything because they are out no money. They can go after any account listed in your husbands name, that includes joint accounts. My advice is to open an account at a different bank in your name alone until this is resolved. I hope this answers your questions.

They will find the other accounts and levy them CSE can be some nasty stuff. He needs to call them show them the papers FILE the papers immediately dont mess with these people. Move your money out of a joint bank account or take his name of your account I dont think they can go after your checking just his but you might want to check with that first. Good luck

This also could harm your credit rating, possibly. He and you need to get this straightened out first thing Monday. Ask to sit down with a banker and don't get up until whatever needs to be done -- money moved, whatever -- is done right in front of you. I would think the court would have to be involved as well,since clearly you'd want the levy lifted or altered or whatever since the child is now with you, and only the court, not the bank, can do that.

The bank should give you a number to call. If there is a leftover balance, you can pay it directly bu phone. That will free up your account. Just realize that you should do it ASAP as they will freeze other accounts in his name as well. That's what levys do.

Heck ya, they will come after any account you are in. Withdraw your money, pay bills with cash and money orders, and get this straightened out PRONTO. You sure did luck out not having the money there, but they will find you.