Skeptic Bob
DP Veteran
- Joined
- Oct 6, 2014
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- Libertarian - Left
They can and will only do that in the event that levies need to be put on your account for such things as back taxes, unpaid child support, unpaid debt, etc. And those can only happen with a judgment. The government can't block your account for no reason. Only a judge can, and only with verifiable just cause. If you owe a private creditor money or the government money, te process to freeze your account is a long one. It's your responsibility to know if you owe money.
By the way, they don't prohibit further transactions on your account. You can still put money in the account.
Lets hope you never live in paralyzing fear of mathematically improbable situations.... too late
Hope you don't have a dispute with a government agency that involves money.
Mistakes happen and you will starve trying to sort it out.
They happen without judgment all the time and you have to bring suit for restitution in most situations. My parents went through this with the IRS when I was about 12. It was not fun and all because of my mother doing the books for the business made a minor mistake with some arcane accounting rules. My sister went through it as well because of a mishap with UPS and the Postal service and accounting issues it was a bloody mess that included the feds coming after my sister who was barely 21 at the time trying to keep her business afloat and dealing with stupidity not of her own making. The Feds zap money out of accounts all the time without court judgment or orders and so does the Franchise Tax board of California. It may or may not be unlawful, I get differing opinions on that, but I do know it is done all the time.
Funny, people keep saying that yet I have seen otherwise firsthand and have know of several secondhand instances what you say is not always the case. I am not saying you are wrong, I am saying that what you are saying is not by any means de facto. The IRS does not always play by the rules, and yes the banks do rollover when they ask even if they don't have a court order.A bank needs legal documentation ordering them to freeze accounts or levy against accounts. It doesn't happen "all the time". They need just cause. The IRS can't access a bank's core system. And banks wont do it without legal order.
Funny, people keep saying that yet I have seen otherwise firsthand and have know of several secondhand instances what you say is not always the case. I am not saying you are wrong, I am saying that what you are saying is not by any means de facto. The IRS does not always play by the rules, and yes the banks do rollover when they ask even if they don't have a court order.
How many examples can you provide of a judge issuing a levy against a bank account for a consumer who was current on the debts to the collector who asked for the levy? Or examples of the IRS doing it? Or the government when we're talking about student loans?
How many examples can you provide of a judge issuing a levy against a bank account for a consumer who was current on the debts to the collector who asked for the levy? Or examples of the IRS doing it? Or the government when we're talking about student loans?
If a bank freezes an account without legal cause, which can be a levy authorized by a judge or their own suspicion of illegal activity or the IRS garnishing your bank account (in which case the bank receives legal notification) or levies for defaulted student loans, the bank has committed a crime. No, they don't "roll over". I know the laws. I know what they can and can not do. I make my living in that space.
OMG. That isn't what the FDIC insurance is for. It doesn't cover you in the event of fraud or stolen checks or anything else. It covers you in the event of bank failure. It started in 1933 to prevent another 1929.
Good grief. You shouldn't give bad information to people.
It's easier to install a skimmer than it is to break cryptography - apples and oranges. Cash is not a suitable solution just because printing and laundering have been under public scrutiny since Isaac Newton.
How many can I?
I am sure you can find case after case on Google about people who lost it all because the government said they owed weather they did or didn't.
OK, let's say they have.
How long will you go without money while you prove that?
I'm sure you can. Nobody would make the claim that the IRS doesn't make mistakes. They do. Everyone does. What does it have to do with not having a bank account and keeping your cash in your mattress?
It has to do with a cashless society which is what this thread is about.
If a bank freezes an account without legal cause, which can be a levy authorized by a judge or their own suspicion of illegal activity or the IRS garnishing your bank account (in which case the bank receives legal notification) or levies for defaulted student loans, the bank has committed a crime. No, they don't "roll over". I know the laws. I know what they can and can not do. I make my living in that space.
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