P account

Ein P-Konto schützt dich im Fall einer Pfändung. Dabei bietet dir das P-Konto einen Pfändungsschutz von 1.330,16 Euro je Kalendermonat (ab 01.07.22). Dabei können mit einer Allowance increase other amounts are protected. For example, if you have to pay child support.

In this regard, the P-Konto offers protection against account garnishment in three stages:

  1. First of all, there is a Basic protection für Guthaben in Höhe von 1.330,16 Euro. Dabei erhältst du den Basisschutz direkt. Hierfür musst du lediglich dein Konto in ein P-Konto umwandeln. Aber alternativ kannst du auch ein neues Open P accountthat has the basic protection directly after opening.
  2. Extended basic protection on the P-Konto: Du kannst den Freibetrag oftmals weiter erhöhen lassen. Allerdings sind hierfür Bescheinigungen über Anzahl im Haus lebender Kinder oder Kindergeld nötig. Auch wenn du Geld für Bedarfsgemeinschaften erhältst, unterliegt dies einem besonderen Schutz. Um den Freibetrag zu erhöhen und den Schutz zu erweitern, benötigst du jedoch eine P-Konto-Bescheinigung.
  3. In addition, an individually determined allowance is possible in cases of particular hardship. However, you must submit an application with evidence 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.

Open a P account: information, tips and tricks

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A share depot or securities account can create wealth in the long term

Find all the essential info on the topic of P-Konto (Pfändungsschutzkonto) The Pfändungsschutzkonto in key points Girokonto on credit basis with garnishment protection Basic protection: € 1,330.16 What to do? ⇨ Submit conversion application to the bank Increased allowance with certificate in the case of maintenance payments, social benefits for other persons in the household or child benefit What to do? ⇨ Submit Pfändungsschutzkonto certificate to the bank Individually determined tax-free amount with ... Read more

P-Konto Increase allowance - How long does it take?

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P-Konto Increase allowance - How long does it take?

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

What happens with too much money on the P-Konto? (All possibilities)

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Calculate when there is too much money on the P-Konto

In the case of a garnishment protection account or P-Konto, the monthly receipt of money is limited to the exemption amount. The popular belief is that money in the P-Konto above the garnishment allowance is immediately garnished. But this is not true. In fact, the money is first transferred to a sweep account. The distribution account is a sub-account of the Pfändungsschutzkonto. In this article you will learn what to do with too much ... Read more

Open an account against garnishment: Open a new account despite garnishment?

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Hope: Yes you can open a new account despite garnishment

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

P account: 2 salary payments in one month (What happens now?)

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Cover P-Konto 2 salary receipts in one month

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

P-account allowance exceeded: "How do I get my money?"

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Cover P-Konto Allowance exceeded How do I get my money.

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

Open a Postbank P account

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Open a Postbank P account

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

Open a Volksbank P account

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Open a Volksbank P account

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

Open a Sparkasse P account

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Open a Sparkasse P account

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

Open a Norisbank P account

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Open a Norisbank P account

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

Open a Commerzbank P account

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Open a Commerzbank P account

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

Open a Deutsche Bank P account

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Open a Deutsche Bank P account

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

Open a P account – which bank? – The 6 best P accounts

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P-Konto - Which bank?

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

P account: When does the money go to the creditor? (2 cases)

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P-Konto: When does the money go to the creditor?

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

P-account allowance exceeded: When will the money be available?

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P-Konto Freibetrag überschritten - Wann verfügbar

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

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