A P-Konto protects you in the event of a garnishment. The P-Konto offers you seizure protection of 1,340 euros per calendar month (from 01.07.2023). This can be achieved with a Allowance increase other amounts are protected. For example, if you have to pay child support.
In doing so, the P-Konto offers protection against account garnishment in three levels:
In the first stage exists a Basic protection for credit balances in the amount of 1,330.16 euros. You get the basic protection directly. All you have to do is convert your account into a P-Konto. But alternatively you can also create a new Open P accountthat has the basic protection directly after opening.
The second stage is the extended basic protection on the P-KontoYou can often have the tax-free amount increased above the basic tax-free amount.
However, certificates on the number of children living in the house or child benefits are required for this. Even if you receive money for communities in need, this is subject to special protection. In order to increase the allowance and extend the protection, you need a P-Konto certificate.
In addition, in cases of particular hardship, an individually determined allowance is available as third level of protection possible. However, the application process is complex. You must submit an application with supporting documents to the enforcement court.
However, to convert a Girokonto into a Pfändungsschutzkonto (P-Konto), a P-Konto conversion is often sufficient for the time being. You will receive the appropriate form from your bank.
If you have a P-Konto, it is worth checking if you can increase the allowance. While by law the conversion of the account must be done within four business days, such a deadline does not exist for increasing the allowance. Therefore, many corrected rightly ask "How long does it take to increase the P-Konto allowance?". Normally, it is done ... Read more
You have already paid your garnishment in full. This is an important step. However, once you have paid the garnishment, the question arises as to when the account will be fully usable again. In fact, this question is not so easy to answer and also depends on the bank that manages your account. ... Read more
If you're wondering which bank you can open an online account with and you may have a negative Schufa entry or two, you've come to the right place. Here you will find my experiences and reviews of the 12 best online banks without a Schufa check. Summary: This post is almost 7500 words long, but it's actually ... Read more
If you're wondering which bank you can open a P-account with and you might have one or the other negative Schufa entry, you've come to the right place. Because here you will receive recommendations at which bank you can open a P-account with a bad credit rating or negative Schufa. These are Schufa-free accounts, which can also be used with ... Read more
Find here all the essential info on the topic P-Konto (Pfändungsschutzkonto) The Pfändungsschutzkonto in key points P-Konto open - Which bank is suitable? If you are wondering at which bank you can open a P-Konto and you may have the or other negative Schufa entry, you will find in the article P-Konto open - Which bank? the best providers ... Read more
What happens if you have too much money on the P-Konto? What options are left for you to have enough money in the month? In this article we will address these questions in detail. The article is worth reading because if you have exceeded the P-Konto, there are some cases when you can use the money ... Read more
The following garnishment table 2022/2023 shows how much of your income can be garnished in the event of a wage garnishment. You can use the garnishment table 2022/2023 in case of a wage garnishment as well as in case of an account garnishment. The differences between the two garnishments can be found in the section Account garnishment vs. wage garnishment. Alternatively, you can use our garnishment calculator to calculate the garnishment amount. With ... Read more
Did you get a seizure order? If the question "Can I open a new account despite the garnishment?" is going through your head, we might be able to make things easier for you. Because you can open a new account despite the garnishment and thus greatly accelerate your debt relief. However, there are a few things to consider when opening a garnishment protection account. In … Read more
If you receive (unforeseen) cash receipts on the P-Konto, these payments will count against the allowance and the question may arise what to do now, or how to trick the P-Konto to tighten up the wording a bit. Finally, there are some tricks you can use to maximize the amount of money available on the P-Konto. ... Read more
With the garnishment calculator 20222/2023 you can easily determine how much wages can be garnished from your income in case of a wage garnishment. You can use the garnishment calculator 2022/2023 as a wage garnishment calculator in case of a wage garnishment or to calculate the P-Konto allowance in case of an account garnishment. You can find the differences between both garnishments in the section Account garnishment vs Wage garnishment. Alternatively, you can use the ... Read more
You have exceeded your allowance on the P account and are now asking yourself "How do I get my money?". The frustration with the outflow of money is understandable. Because if the incoming money on the P account is higher than the exempt amount, the money goes to the payout account. You will find out when the bank will pay out the money to the creditors... Read more
If your employer pays your wages late, you will have 2 salary payments on your P account - in one month. You will probably exceed the monthly allowance. But what happens if the allowance is exceeded due to double receipt of payment? This is a special case of too much money on the P account, because it is actually about... Read more
In the event of a garnishment, it is advisable that you open a Pfändungsschutzkonto to secure your existence. Alternatively, you can convert your existing account into a Pfändungsschutzkonto. Although P accounts promise protection of credit balances, it is sometimes not possible to make a withdrawal on the P-Konto despite having a credit balance. Often, you are legally entitled to the credit ... Read more
In the case of double garnishment of account and wages, there is a simultaneous garnishment of wages and account. The risk of double garnishment exists if the statutory garnishment allowance (according to the current garnishment table) is higher than the (static basic) allowance protected on the P-Konto. This is the case when the static P-Konto exemption limits between €1,340 (without maintenance obligations) and €2,956 (with 5 or more maintenance obligations) are exceeded ... Read more
If you receive an additional payment of social benefits or child benefits, the increased income in the month of the additional payment often leads to the protected exemption amount on the P-Konto being exceeded. This will cause the bank to disburse the back payment and you will no longer have access to the money. If you are expecting an additional payment, you must therefore act quickly and file a ... Read more
Here you will find all essential information about the Postbank P-Konto (Pfändungsschutzkonto). On the "Postbank P-Konto" credit balance in the amount of 1330.16 euros is protected from the access of creditors. To benefit from the P-Konto protection you have to apply for a P-Konto conversion at your Postbank branch. This is also valid retroactively for 4 weeks. ... Read more
Here you will find all the essential information about the P-Konto of the Savings Bank (Pfändungsschutzkonto). On the "Sparkasse P-Konto" credit balance in the amount of 1330.16 euros is protected from the access of creditors. In order to benefit from the P-Konto protection, you must submit a P-Konto conversion application at your Sparkasse branch. This is also valid retroactively for 4 weeks. ... Read more
Here you can find all essential information about the Volksbank P-Konto (Pfändungsschutzkonto). On the "Volksbank P-Konto" credit balance in the amount of 1330.16 euros is protected from the access of creditors. In order to benefit from the P-Konto protection, you must submit a P-Konto conversion application at your Volksbank branch. This is also valid retroactively for 4 weeks. ... Read more
Here you can find all essential information about the P-Konto of Norisbank (Pfändungsschutzkonto). On the "Norisbank P-Konto" credit balance in the amount of 1330.16 euros is protected from the access of creditors. To benefit from the P-Konto protection you have to apply for a P-Konto conversion at your norisbank branch. This is also valid retroactively for 4 weeks. ... Read more
Here you will find all essential information about the Commerzbank P-Konto (Pfändungsschutzkonto). On the "Commerzbank P-Konto" credit balance in the amount of 1330.16 euros is protected from the access of creditors. To benefit from the P-Konto protection you have to apply for a P-Konto conversion at your Commerzbank branch. This is also valid retroactively for 4 weeks. ... Read more
Here you can find all essential information about Deutsche Bank P-Konto (Pfändungsschutzkonto). On the "Deutsche Bank P-Konto" credit balance in the amount of 1330.16 euros is protected from the access of creditors. To benefit from the P-Konto protection you have to apply for a P-Konto conversion at your Deutsche Bank branch. This is also retroactively still ... Read more
If you receive more money in a month than the garnishment exemption allows, you exceed the P account exemption. Now the bank moves the money above the garnishment exemption amount to a payment account and blocks it for the current month. The question of when the blocked money will be available again is raised because the P account allowance has been exceeded. ... Read more
In order to answer the question "When will the money in the P account go to the creditor?" the cases of transfer of moratorium amounts and transfer amounts to the following month must be differentiated. In the case of moratorium amounts, your receipt of money is higher than the exempt amount, whereas in the case of transfer amounts in the following month, your exempt amount has not yet been exhausted and you make a savings contribution in the ... Read more
