You’ll find that a hold has been placed on your funds (up to the amount of the balance associated with the levy). Fortunately, the hold remains in place for 21 days to allow you time to resolve your issue with the IRS before the bank sends your funds to the IRS. Also, your bank holds only money that was in your account at the time the bank received the levy. Any deposits you make within the 21-day period won't be sent to the IRS.