Some of you have asked us whether bunq is offering a P-Konto. 🌈
What is a P-Konto?
Pfändungsschutzkonten (or P-Konto) is a type of account that exists only in Germany. It is used to protect the users’ funds from creditors with the intention to protect the minimum funds necessary for living and simultaneously ease the work of courts and their bailiffs.
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, you don’t have to worry about the security of your bunq account because we only process official communication from authorities and your funds are safe with us.
Want to learn more?
Explore more bunq knowledge here. 🌈