1.3 Garnishment Parameters

A Garnishment Order is a Court Order or Statutory/regulatory authority order instructing a garnishee (i.e, to a bank) to hold funds in acustomer accounts and should not be released until directed by the court. The order may instruct the bank to hold or block a particular amount or all the available funds in the customer accounts. A garnishment block fee will be charged to the account on placing a block for the garnishment amount.

This topic contains the following subtopics: