Let’s say JQ gets into some serious trouble and the US government freezes all of his assets in this country. JQ, not having had much truck with precisely balancing his accounts or choosing the top tier of banks, has a piddling amount in a checking account with a bank that levies fees on piddling amounts in their checking accounts. That account is, of course, frozen. What happens when the bank levies the next fee?
Yes, as long as they are “normal”.
*"Can my bank deduct service charges from the account?
Generally yes. In most cases (excluding Iraq, for instance) OFAC regulations contain provisions to allow a bank to debit blocked accounts for normal service charges, which are described in each set of regulations. The charges must be in accordance with a published rate schedule for the type of account in which the funds are maintained. [09-10-0"*