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When your levy hits, you would like to be very patient. The bank freezes funds for about 15 days, and then sends it to the Sheriff. The Sheriff usually keeps funds for at any rate 30 periods.

Another place that banks charges you that we seem to are unaware of is transaction fees. For example, if one makes more that 6 withdrawals from a savings account in per month the bank is allowed by Federal Law to charge that you just fee. They do not want you to apply your savings account as a slush fund even though the interest that you most likely paid during the account is less than four nought per cent.

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