Hey bunqers 🌈

Some of you have asked us whether bunq offers a P-Konto and this topic will give you all the info that you need 🙌

What is a P-Konto?

Pfändungsschutzkonten (or P-Konto) is a type of account that exists only in Germany. This type of account ensures that money below the legally stipulated minimum living funds can't be seized. For instance, if the minimum living funds in Germany are set at 1300 EUR/month and you have 1400 EUR in your account, only 100 EUR could be seized to fulfill the bailiff's request, even if the garnishment amount is higher. If you have any questions or need further assistance, feel free to reach out to us.

Does bunq offer P-Konto?

Now that we know what P-Konto is and what it is used for, let’s discuss whether bunq offers it. Even though we support German IBANs, our banking license is from the Netherlands so we do not currently offer P-Kontos. We are legally required to follow instructions from authorities if it concerns a garnishment or account seizure. However, we only process official communication from authorities