Where can you get a 'second chance' bank account?

IRS levied my bank account, any chance I can get back the funds?

• They held my funds in a levy hold. Then, 20 days later, the bank sent them the money. These are my entire savings (a little over $5000). I'm not disputing the amount, but I would ...show more

• Answer:

  You had at LEAST 6 months of increasingly threatening notices from the IRS before the levy happened. THAT was the time window to set up the payment plan. Since you put them on disregard for an extended period of time, they were forced to resort to the levy. No, the IRS will not return the money and let you set up a payment plan. If you still owe, you can set up a payment plan to pay that off. You'd better get on that VERY quickly since if you still owe, a wage levy will be hitting your employer very soon. You've learned a tough life lesson on what happens when you ignore the IRS. I'd wager that you'll never make that mistake again. Contrary to one clueless claim, the penalty and interest rates on a payment plan are not very high. In fact, you probalby can't get a personal loan for a lower rate unless you have extremely strong credit. If you let the IRS take the payments from your bank account directly, the net rate of penalties and interest is currently less than 8% per annum. The $52 fee does drive the effective rate a bit higher, but is FAR less than "loan shark" rates as one grossly uninformed respondent seems to think. Your only option as far as your savings are concerned now is to start saving again. The IRS isn't going to refund a levy unless it was improper in the first place.