What's a P-account?

A P-account is a legal protection against garnishments, which can be applied to any account type that we offer, according to § 850k ZPO (new tab).

If your account has a German IBAN, you are generally eligible to convert your N26 account into a P-account (Pfändungsschutzkonto). This protection ensures that if you have an active garnishment, a specific monthly allowance remains accessible to you and protected from creditors.

The current monthly protected allowance is 1.590 € since July 1, 2026.

Please note that an active alimony garnishment may decrease this amount. Additionally, we are required to report the conversion of your account to a P-account to SCHUFA AG.

You may decide to convert your N26 account to a P-account in case your N26 account has been garnished. Please note that in this case, we are obligated by law to seize your account. You will simultaneously receive a detailed message from us to your Messages from N26 with all information regarding your garnishment and the options available to you. We encourage you to read it carefully so you are also informed about your other options, before making a decision.

Find out more about how to get a p-account.