How to Open a German Blocked Account for International Students

Germany is a popular destination for international students due to its world-class education system, affordable tuition, and vibrant cultural scene. However, before arriving, students from non-EU countries must prove they have sufficient financial means to cover their stay. One of the most common ways to do this is by opening a German Blocked Account for International Students (Sperrkonto). This article will guide you through the process of opening a blocked account for your studies in Germany. What is a German Blocked Account? A blocked account is a special type of bank account required for visa applications in Germany. It ensures that international students have enough funds to cover their living expenses while studying in Germany. The minimum required amount for a blocked account in 2024 is €11,208, which means students can withdraw a maximum of €934 per month. Steps to Open a German Blocked Account 1. Choose a Provider Several banks and financial institutions offer blocked account services, including: Expatrio Fintiba Coracle Deutsche Bank (requires an in-person appointment) X-patrio Each provider has different fees, processing times, and additional services, so it is advisable to compare them before choosing the best option. 2. Apply Online Most blocked account providers offer an online application process. You will need to: Visit the provider’s website. Fill out the online application form with your personal details (passport details, university admission letter, etc.). Upload the required documents. 3. Deposit the Required Amount Once your application is approved, you will receive account details to transfer the minimum required amount (€11,208). Some providers also charge an account opening fee and monthly maintenance fees. The money transfer can take a few days, depending on your bank and country of origin. Make sure to transfer extra funds to cover transaction charges. 4. Receive the Blocked Account Confirmation After the funds are successfully deposited, you will receive a confirmation letter or certificate, which is a crucial document for your student visa application. You must submit this document to the German embassy or consulate in your home country. 5. Activate Your Account in Germany Upon arriving in Germany, you need to: Register your address at the local registration office (Bürgeramt). Open a regular bank account to receive monthly disbursements. Provide your German residence permit (if required by your blocked account provider). Request account activation so that you can start withdrawing funds. Things to Consider Processing Time: Apply for your blocked account well in advance, as the entire process can take 2-4 weeks. Additional Costs: Consider transaction fees, account setup fees, and maintenance charges. Alternative Proof of Funds: If you have a scholarship or a sponsor in Germany, you may not need a blocked account. Conclusion Opening a German blocked account is a crucial step for international students who need to prove financial stability for their visa. By selecting the right provider, depositing the required funds, and following the necessary procedures, you can ensure a smooth start to your academic journey in Germany. Start early, plan well, and enjoy your studies in one of Europe’s top educational destinations!