An IRS levy is any tax imposed on an individual by the IRS. It can be placed directly on someone's bank account and it goes through the bank. If the individual does not have any funds in the account then the levy will probably go away, since you cannot pay for something when you do not have any money. The bank cannot pay for the levy on credit, so therefore the bank cannot help you out. Please keep in mind that when you have a levy imposed on your bank account your outstanding checks will all bounce. This will rack up numerous non-sufficient funds fees by the bank. Needless to say that having non-sufficient funds is not a good way about doing things.