35 Miss. Code. R. 1-05-109
If a bank is issued a Distress Warrant, the bank may place a freeze on the taxpayer's account for thirty (30) days, capturing all deposits up to the amount owed to the Department. These funds are to be held and remitted thirty (30) days after the levy is received. Even if the answer is filed before the expiration of the thirty (30) days and only a percentage of the amount governed by the levy has been captured, the bank is still required to capture additional deposits up to the amount due on the levy and remit the total to the Department at the end of the thirty (30) days. If a bank participates in the Financial Institution Data Match (FIDM) program, the levy only applies to the funds on deposit at the time the bank receives and answers the levy. If the bank answers on the same day it receives the levy, then it is only responsible for the amount available at that time. In this scenario, the thirty (30) day holding period is bypassed.
35 Miss. Code. R. 1-05-109