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

Did you get a seizure order? If you now ask the question "Can I open a new account despite seizure?' is going through your head, maybe we can make it easier for you. Because you can open a new account despite seizure and your Accelerate debt relief. However, there is at Opening a garnishment protection account some things to consider. In these instructions, you will find out when you should open a new account despite the garnishment. We'll also show you the single steps which you should consider before opening a P account.

With this guide it is possible Attachment account despite debt with providers like pay center*to open. However, it is advisable that you first try your Convert account to P account. Another alternative is a Opening a checking account without a Schufa as a secondary account and convert this into a P account. When you add your new P account to Debt relief without personal bankruptcy you also need one if you want to use it payment stop to the creditors plan and carry out as described in the third step of the instructions. At the end of the article you will find 6 recommended accounts without Schufa, which you can use for this.

When you should consider opening a new account despite seizure

Has your account been garnished or is an account garnishment imminent? We know this time is stressful. In this situation, it is often particularly difficult to think about the future. That's why we want to help you by giving you some advice on what steps you should take after or immediately before an account is garnished.

Account garnishment: By pledging an account, the creditor tries to claim his money. A seizure order will result in your account being blocked. The account is thus blocked by the bank up to the amount seized. The account is then completely frozen. For this reason, functions such as transfers, standing orders and withdrawing money are no longer available. In addition, there is no automatic protection of your subsistence level in the event of a seizure. In order for you to be able to secure your existence from a garnishment protection, you must first open your account Seizure protection account (P account) convert. According to the law (§ 850k ZPO), a P account conversion must be carried out by each bank.

1.) Step: First try to convert your existing checking account into a P-account

So that you have everything you need to survive, such as rent, electricity and groceries can pay despite seizure, the current account can be opened Seizure protection account (P account) convert. This gives you a protected legal allowance of at least 1,260 euros per month to disposal. If you have maintenance obligations, the amount can be adjusted according to the garnishment protection table increase. The corresponding form for increasing the allowance for maintenance obligations is called "Certificate according to § 903 paragraph 1 ZPO“. You get the form hier zum kostenlosen Download (PDF) oder du fragst bei deiner Bank nach.

Certificate for a P-account according to §903 Abs.1 ZPO. You can use this to convert your existing current account into a P account.
Certificate for a P-account according to §903 Abs.1 ZPO. You can use this to convert your existing current account into a P account.

The P account conversion takes a maximum of 4 working days and provides permanent protection

After conversion, the P account protects the monthly allowance permanently. Therefore, you do not have to withdraw the money on the P account immediately after the money has been received. You can continue to use the checking account instead. Direct debits, transfers and standing orders are also carried out regularly up to the exemption amount. The conversion of the P account takes time if successful 4 working days or less. This is required by law (§850k ZPO).

Procedure P account conversion

If you receive social benefits (ALG I, ALG II, old-age pension, social assistance, etc.) and only want to protect the basic allowance, it is sufficient only the notification of performance to show to the bank. For additional allowances, you must submit an application to the district court using the 850k form above and enclose relevant evidence (e.g. birth certificate)

 "If the credit balance of the current account has already been seized, the debtor can request management as a seizure protection account at the beginning of the fourth business day following his declaration"

"P-Account Paragraph" Section 850k ZPO - The legal basis for opening a seizure protection account

If you exceed the allowance after converting the account into a P account, the money will first be held in a separate disbursement account parked. The money will only be paid out to the creditors if the payment account exceeds the exempt amount again. The withdrawal process is in the article “What happens with too much money on the P account" described.

However, in many cases the conversion of the current account into a P account does not always go smoothly and it is advisable to take further steps on your part. The conversion to a P account will only be carried out by the bank if your account is not overdrawn. An account with overdraft facility cannot be converted into a P account. An obvious thought is the question that now arises "Can I open a new account despite the attachment?". And indeed it is possible. In the next section, you'll learn how.

Open P Konto: Convert account to P-Konto in 4 working days
Convert account to P account in 4 working days

2.) Step: New account despite seizure: A possibility if the bank does not want to convert your account into a P account

Basically everyone has one Right to a P account (§ 850k ZPO). However, the bank can refuse to convert the existing account into a P account if the account is already overdrawn. In this constellation, it will often happen that the bank will not convert the account into a P account before it is settled. This can quickly become life-threatening, as the bank will block your account for any account transactions and you will no longer have any means of subsistence. In this situation, it is therefore advisable to act quickly and decisively and to open a garnishment protection account as quickly as possible using one of the methods described below.

If you are in debt, your bank will reject your P account conversion request.
If you are in debt, your bank will reject your P account conversion request.

Open a garnishment protection account despite debt: Your options

If the bank refuses to convert your account, you have two other options to keep the money safe from creditors to maintain a subsistence level:

  1. You open a checking account without Schufa from a provider such as Vivid* and submit a P-account conversion request
  2. Open a P account directly: Despite existing debts, you open a seizure protection account directly from a provider such as pay center*.

Redirect all earnings to new account

You can use this new bank account for yours from now on revenue. So inform your employer of your new bank details for the current account immediately after opening it. If you receive other sources of income such as pension, ALG I or II or allowances such as child benefit, housing benefit or similar, you should inform the paying office about your new bank details as soon as possible.

If you have decided on a current account without a Schufa, you can have the new account converted into a P account a few days after it is opened, so that the allowance is protected. With the P account from Paycenter, however, no further application for conversion is necessary. The conversion shouldn't take place at the opening, but really only a few days later. Otherwise there is a risk that the bank will refuse to open the account. You can now use the new bank account for everything necessary for survival to pay. This includes, for example: rent, electricity, cell phone and internet and groceries. If it is possible, you can also use the checking account for building society contracts, life insurance or buying a car.

From now on, all income should go exclusively to this account.

Procedure for the P account conversion (alternatively, you can open a seizure protection account directly from pay center* open and skip this step)

If you have debts, you can try to open a checking account without a Schufa and then have it converted into a P account using a form from the bank ("850k form")
If you have debts, you can try to open a checking account without a Schufa and then have it converted into a P account using a form from the bank ("850k form")

When you open the new account, you don't mention the planned conversion into a P account for the first time. Because you only have a legal right to "conversion of an existing account". However, there is no legal entitlement to the direct opening of a P account. Legally, this is written down in § 850k paragraph 7 of the Code of Civil Procedure (ZPO). In short, what this means for you in practice is that the bank can still reject you if you mention the P account before opening the new account.

Therefore, it is wiser to wait for the account opening documents and then instruct the bank to convert the account into a P account. Alternatively, you can also use the expensive premium providers such as pay center* evade. While the fees at Paycenter are higher than at other providers, you can open your account here directly as a P-account (without the risk of being rejected due to ongoing seizure) and thus save yourself a second trip to the bank

Alternatively, you can open a P-Konto at specialized banks* and skip the conversion step
Alternatively, you can also open a P-account at specialized banks such as Paycenter* open and skip the conversion step

3rd step: payment stop at Debt relief without personal bankruptcy to perform

Your new account is now set up as a P-account and all important incoming and outgoing money such as income, rent, electricity, gas and internet providers run exclusively through the new account? Then it is now time to take a deep breath and close all further account payments to other creditors to stop immediately and let it run into nothing. According to information from a lawyer specializing in insolvency law, this is legally unobjectionable. From now on, you will only pay what is essential for your basic needs. So only rent, gas, electricity, internet etc. continue to be paid. Thereby you give one clear warning shot for your creditors. This puts the creditors under pressure and Debt relief without personal bankruptcy is possible through skilful negotiation with the creditors.

For the following debt relief measure, it is advisable to consult a lawyer specializing in bankruptcy law. This allows you to approach your creditors with the necessary seriousness. The lawyer will make a settlement offer to the creditors, which often means that the creditors waive a large part of their claims.

4.) Which checking accounts without Schufa are recommended

The following banks offer one Current account without Schufa at

  1. pay center*
  2. N26*
  3. Vivid Money*
  4. nuri*
  5. bunq*
  6. insha
  7. monese
  8. openbank*
  9. Tomorrow*
  10. wise
  11. vimpay

Open a P account – which bank?If you are wondering which bank you should open a P account with due to negative Schufa entries or a bad credit rating, we recommend that Pay center with the Supremacard*, which can be fully digitally converted into a P account without Schufa. But that too N26 account* can be opened with bad credit and negative credit bureau and converted into a P-account.

Other banks without a Schufa connection are often unable to provide a fully-fledged P-account, either because they are only developing the interface and solarisbank is actually the bank behind it (Nuri, Bunq, Tomorrow) or because they (in some cases despite the German IBAN) have a foreign banking license ( Open Bank, Bunq). You can find the pros and cons of the best P accounts in the article Open a P account – which bank?

At which bank can you open a P-account without any problems? We show 6 accounts without Schufa that can easily be converted into a P account

5.) Where can I open a P account despite debt?

There are also providers with whom you can open a P-account despite debt. With these providers, no P account conversion is necessary. You will also receive a debit card to withdraw money from your account. The advantage of these providers is that they are well versed in the area of garnishment protection accounts for people with negative Schufa entries, as they have specialized in this. The disadvantage of these providers is that they are slightly more expensive than regular bank accounts.

  1. pay center*. While the fees at Paycenter are higher than at other providers, you can open your account here directly as a P-account (without the risk of being rejected due to ongoing seizure) and thus save yourself a second trip to the bank. This makes the offer interesting for people who want to avoid a second trip to the bank. Activating the account costs €39.50. In addition, there are monthly costs of €6 for account management and €5 for each cash withdrawal.
  2. N26 Flex* With the N26 Flex account, the N26 uses a credit-based smartphone account. The Flex account will be offered to you if you have a bad credit rating or negative Schufa. You can first try to open a regular N26 account. If the bank does not accept your application, you will receive an opening offer via the N26 Flex. You cannot select the N26 Flex account manually. The costs are moderate compared to what Paycenter offers. A monthly fee of €6 is due. There is an additional €2 per withdrawal.

If you want to open a new account despite the seizure, you should choose a completely independent bank

If you open your new account at a bank that is related to your old bank, the bank may repeat their own claims with a settlement. This danger primarily threatens when money has been paid into the new account and the bank is a creditor.

If you already have a P account with the Comdirect, you should not open the second account with Commerzbank. In both cases, Commerzbank is behind it. In order to remain as independent as possible, it is not advisable to open a second account with banks from the same ATM network.

For example, Commerzbank, Deutsche Bank, Postbank and HypoVereinsbank maintain a joint ATM network via the Cash Group. But there is also a connection between the fintechs Bunq, Vivid and Tomorrow. They all use the Solarisbank to process their transactions and you should therefore avoid the association if you already have an account there.

In the following table you will find other banks that are connected via an ATM network. If you want to open a new account despite the garnishment, you should choose a bank that is not connected to the first bank via an ATM network or in any other way

Banks connected via networks in Germany

participants of the networktype of network
Savings Bank Association:
All banks of the Sparkasse
vending machine network
Association of cooperative banks:
Volksbanks and Raiffeisenbanks, PSD banks
vending machine network
Cash Group:
Deutsche Bank, HypoVereinsbank, Comdirect, Commerzbank, Postbank
vending machine network
cash pool:
BBBank, National Bank, Santander Consumer Bank, Sparda Banks, Targobank and others*

*Other cash pool banks: Bank für Sozialwirtschaft Aktiengesellschaft, Bankhaus Bauer AG, Bankhaus CL Seeliger, Bankhaus Gebr. Martin AG, Bankhaus Hafner, Bankhaus J. Faisst OHG
Bankhaus Ludwig Sperrer KG, Bankhaus Max Flessa KG, Bankhaus Mayer, Bankhaus Neelmeyer, Degussa Bank AG, Donner & Reuschel Aktiengesellschaft, Fürstlich Castell'sche Bank, Credit-Casse AG, Gabler-Saliter Bankhandlung KG, Johann Berenberg Bank, Merkur Privatbank, National -Bank AG, Oldenburgische Landesbank AG, Pax-Bank eG, Steyler Bank GmbH, Südwestbank AG

vending machine network
Solaris bank:
Bunq, Vivid, Tomorrow
All providers use the Solarisbank to process transactions
Schufa:
About 80% of all German banks.
Banks that do not initiate a Schufa entry after opening a current account:
1.) Vivid Money
2.) Nuri
3.) Bunq
4.) Insha
5.) Monese
6.) N26 -Flex
7.) Open Bank
8.) Tomorrow
9.) Wise
10.) vimpay
credit reporting agency
Banks in Germany connected via networks – Choose banks that are as independent as possible for a secondary account in the event of a seizure

In order to open a new account despite seizure, you should rely on a bank that has no connection to your old bank. In addition, it is often only possible to open an account without a Schufa during an ongoing seizure. In the meantime, however, there are some good free current accounts without a Schufa query. Some of them can also score with a functional app and free account management.

In the table for free checking accounts without a Schufa query you will find many good banks without a Schufa connection to open a new account despite seizure. With such an account, you can bring your financial situation back under control and accelerate the deleveraging of key creditors.

Advantages and disadvantages of a second account despite attachment

advantages: A new account despite seizure Disadvantages: A new account despite seizure
✔️ You can put some money aside with a separate checking account. ❌ Slightly increased effort for asset information
✔️ Faster deleveraging possible as you can save money for a down payment in case of a settlement
✔️ Get out of debt without personal bankruptcy by stopping payments
✔️ More money for the unforeseen
✔️ No report to Schufa if you open a checking account without Schufa
✔️ No additional costs
If you're wondering "Can I open a new account despite the garnishment?" you can use this table to weigh up the pros and cons of your decision.

Summary: Can I open a new account despite being garnished?

In summary, it is important to open a new account in the event of a seizure if your bank refuses to convert your account to a P account due to an existing overdraft. This only works if you have either a non-Schufa checking account from providers like Vivid* or Tomorrow* opened or to specialized P-account providers like pay center* fall back. Other banks will refuse to open a current account if the seizure is ongoing due to a negative Schufa feature.

If you are also aiming for debt relief without personal bankruptcy. you can also initiate this with said P-account. For this it is important to initiate a hard payment freeze for everything that you do not need immediately to live. This stops all payments to creditors who cannot endanger your existence. These creditors are forced to act by this warning shot. As a result, debt relief without personal bankruptcy is possible through skillful negotiation. Legal advice is recommended in this regard.

The 6 best banks to open a garnishment protection account

In this table you will find the 6 best banks to open a garnishment protection account.

1st option: Have a regular account converted

Most banks refuse to open a garnishment protection account directly. Therefore, it is usually necessary to open a regular account first. You can later convert this to a P account. However, you should definitely follow the instructions on this page, otherwise the account conversion may fail. Unfortunately, banks are not obliged to open a garnishment protection account. The legislator only requires banks to convert an existing account into a P account within 4 days.

2nd option: open a P account directly

The only provider I know of where you can open a garnishment protection account directly without prior conversion pay center with the Supreme card.

Current account without SchufavaluationfunctionsServices
468x400


Top recommendation


Online P account conversion

Account that can be opened directly as a P-account despite negative Schufa entries

Credit based account
P-account conversion without paperwork (not possible with any other bank)
Opening possible despite negative Schufa entries
As a P account: full account + seizure protection with German IBAN


€6.58 / €11.58 account management (without/with transfers) 🙌
€5 MasterCard Debit 💳
€5 per withdrawal 💰
Credit account without Schufa!




More information:
supremacard.de

N26 Logo



recommendation


Low fees


Open an N26 standard account. If your credit rating is bad, you will automatically receive the N26 Flex.
Credit based account
Easy to carry out P account conversion
Opening possible despite negative Schufa entries
As a P-account: Full account + seizure protection with German IBAN and many features such as sub-accounts, Moneybeam, etc.


0 € account management (6 € for N26 Flex) 🙌
0 € GiroCard 💳
0 € credit card 💳
Free cash 💰
Credit account without Schufa possible!


To the
N26 review



To the provider:
N26.de



Vivid Money


Not recommended as a P account



Free smartphone account that can be opened despite negative Schufa entries

Credit based account
Opening possible despite negative Schufa entries
P account conversion is cumbersome and the app can only be used to view credit afterwards
After P-account conversion, no more orders can be executed via the app and you have to contact support
As a P account, it is not a full account, but effective protection against garnishment.


0 € account management 🙌
€0 MasterCard Debit 💳
0 € per withdrawal up to 200 € per month, above that 3 % 💰
Credit account without Schufa!




More information:
Vivid.money

Tomorrow Logo


Not recommended as a P account




Tomorrow receives the Sustainable Girokonto award in the comparison of free current accounts with no minimum deposit.

Inexpensive smartphone account - opening possible despite Schufa

Credit based account
Opening possible despite negative Schufa entries
P account conversion is cumbersome and the app can only be used to view credit afterwards
After P-account conversion, no more orders can be executed via the app and you have to contact support
As a P account, it is not a full account, but effective protection against garnishment.


3 € account management 🙌
0 € GiroCard 💳
0 € credit card 💳
€2 per withdrawal 💰
Credit account without Schufa!
Sustainable Account 🌱




More information:
Tomorrow.de

Openbank Logo


P-account opening not possible due to Spanish banking license


Free current account from Santander Bank - the largest bank in Spain

Credit based account
Opening possible despite negative Schufa entries
Complicated opening: Identification via scanned ID card Opening via Post-Ident not possible
Possible problems with direct debit payments due to Spanish IBAN
No garnishment protection possible


0 € account management 🙌
0 € GiroCard 💳
0 € credit card 💳
Free cash 💰
Credit account without Schufa!

More information:
Openbank.de

Bunq Logo

P-account opening not possible due to Dutch banking license


Inexpensive smartphone account - opening possible despite Schufa

Credit based account
Opening possible despite negative Schufa entries
No garnishment protection possible


2.99 € account management 🙌
€0 MasterCard Debit 💳
€0.99 per withdrawal 💰
Credit account without Schufa!




More information:
Bunq.de

Open a new account despite seizure? – A current account without Schufa is a way out

Related questions on the topic Can I open a new account despite seizure?

What happens if I open several P accounts at the same time?

It is not prohibited to open a second account in the event of an ongoing seizure. However, this secondary account may not be managed as a P account. You can only open one garnishment protection account. When opening the P-account, the bank asks as part of the opening process whether there are other P-accounts. You must confirm to the bank that no other P-account already exists. If you provide false information and thus try to open several P-accounts at the same time, this can have criminal consequences. You should therefore refrain from trying to open several P accounts at the same time. The legal basis for this is the "P account paragraph" § 850k paragraph 8 sentence 2 ZPO. Excluded from this is the opening of a regular second account, for which the providers from the comparison table suit.

Can I cancel a P account and open a new one?

If you are not happy with your bank, you can open a new P account at another bank. You should choose a bank that offers a checking account without a Schufa. There you open a new account and have it converted into a P account. The latter have higher fees but a simpler opening process. It is also important that the new bank is not connected to the first bank via a parent company. Because if the bank finds out that you already have a P account, they will probably reject you as a customer. Alternatively, you can also switch to banks that specialize in opening P accounts.

What options are there for withdrawing money despite seizure?

In order to be able to withdraw money despite the seizure, you have to convert your account into a P account. Protection against garnishment only exists on a P account. An alternative would be a special one Seizure protection account without conversion directly from a provider like pay center* to open which specializes in people with poor credit ratings. In both ways, you have the option of disposing of the money in the account up to the exemption amount despite the seizure. You can withdraw the money despite the garnishment, send it to another account by standing order or transfer, or settle a card payment or direct debit as usual.

What can I do to have more income after the garnishment?

To have more income, you can open a second account without a Schufa. This will provide you with the money you need in the event of unexpected events. You can also save money with a second account for a down payment in the event of a later comparison. You lay the foundation for this with a separate account without a Schufa, where you can save some money. Having a second account without a Schufa is also particularly important if your current bank has restricted the use of your credit card due to previous financial problems. In order to continue to be able to participate in social life, it is important to open an account with an independent bank.
In our comparison table you will find the best free checking accounts without Schufa. By using them for free, you can discreetly save something to have more income after the seizure and accelerate your debt relief. However, you should not hide your credit bureau-free account when reporting assets in order to avoid further problems. Alternatively, you can also open a Paycenter garnishment protection account directly.

In this post you will find easy-to-understand explanations of what happens when you double your salary in one month. This can happen due to a late wage payment from your employer in the following month. You should know the general conditions, since a double salary payment can lead to the seizure of actually protected assets.

*Affiliate link: If you get to a provider via one of these links from my website, I may receive a commission. This does not result in any additional costs for you. ❤️ THANK YOU for using these links! ❤️

Disclaimer: This is well researched but non-binding information.

1 thought on “Pfändungsschutz Konto eröffnen: Neues Konto trotz Pfändung eröffnen?”

Leave a Comment

en_US