Minimum account balance exempt from garnishment; garnishments
Va. Code Ann. § 34-4.3
in effectA financial institution, as defined in § 6.2-100 , shall, upon receipt of a garnishment summons, examine all accounts for which the account holder is the judgment debtor named in the summons and shall hold exempt from garnishment a minimum protected account balance of such account holder's funds in a combined total amount not to exceed $1,000. No portion of such minimum protected account balance shall be withheld from the account holder for a purpose relating to the garnishment and such financial institution shall provide the account holder with full and customary access to such minimum protected account balance.
On April 1, 2027, and at each three-year interval ending on April 1 thereafter, the monetary limit in effect under this section immediately before such April 1 shall be adjusted to reflect the change in the Consumer Price Index for all urban consumers (CPI-U), as published by the Bureau of Labor Statistics of the U.S. Department of Labor, for the most recent three-year period ending immediately before January 1 preceding such April 1, and rounded to the nearest $25, the dollar amount that represents such change.
2026, cc. 637 , 638 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/34-4.3/Fetched: 10/16/2026