34. Can my financial institution deduct service charges from a blocked account?

Generally, yes. Most OFAC regulations contain licenses allowing a U.S. financial institution to debit blocked accounts for normal service charges, which are described within the relevant OFAC implementing regulations for each sanctions programs. The service charges must be normal, for example, in accordance with a published rate schedule for the type of account in which the funds are maintained.

Date Updated: October 26, 2026