My bank received a garnishment order. Is my bank required to determine if my bank account includes Social Security or other Federal benefit payments?

Generally, if your bank receives a garnishment order for your bank account:

  • The bank must perform an account review.
  • The account review shall be performed within two business days of receiving the garnishment order.
  • The required review period is a lookback at the two-month period beginning on the calendar day before the bank performs the account review.

Examples of the timing of the account review and the lookback period:

A financial institution receives a garnishment order on Wednesday, November 17th. The financial institution performs the account review on Thursday, November 18th. The review period begins on Wednesday, November 17th, the day preceding the date of account review. The review period ends on Friday, September 17th, two months earlier.

A financial institution receives a garnishment order on Tuesday August 30th. The financial institution performs the account review two business days later on Thursday, September 1st. The review period begins on Wednesday, August 31st, the day preceding the date of account review. The review period ends on Wednesday, June 30th, the last date of the month two months earlier, since June 31st does not exist to correspond with August 31st.

A financial institution receives a garnishment order on Wednesday, March 17th. The financial institution performs the account review the same day on Wednesday, March 17th. The review period begins on Tuesday, March 16th, the date preceding the date of account review. The review period ends on Saturday, January 16th, two months earlier.

A financial institution receives a garnishment order on Friday, December 10th. The financial institution performs the account review two business days later on Tuesday, December 14th. The review period begins on Monday, December 13th, the date preceding the date of account review. The review period ends on Wednesday, October 13th, the corresponding date two months earlier.

September 2019