P-account certificate
The P-account offers protection against account seizures in three stages:
- Basic protection for credit balances of EUR 1340.00
Prerequisite: conversion application by the account holder to his bank - Increased allowance with certificate for maintenance / social or asylum seeker benefits for other people in the household / child benefit / some other benefits (up to 5 dependants possible)
Prerequisite: Presentation of a so-called P-account certificate by the account holder to their bank - Individually determined allowance with decision/notice for higher income and special cases
Therefore, prerequisite: Application with evidence to enforcement court/enforcement authority
To convert a current account into a garnishment protection account (P-account), the account holder only needs to submit a corresponding application to their bank. A credit balance of EUR 1,260 per calendar month is then protected from seizure and set-off on the P-account. Further amounts can also be released on presentation of proof.
Incidentally, only in special cases is a court decision or, in the case of public creditors, a decision by the enforcing authority required.
In this way, earned income, pensions and social benefits are protected in the same way as, for example, financial support from third parties.
If your account is seized, you still have full access to the account up to the amount of your protected allowance and can make transfers, for example.
We will be happy to advise you! Simply make an appointment:
05751-9932480