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Germany remains one of the top world destinations for studying abroad. With its free educational system, around 300 renowned educational institutions, more than 15,000 different study programs, and professional staff at every higher education institution, the country keeps luring the brightest students from all over the world.

For most world countries students have to obtain a German student visa first in order to be permitted to attend their studies in Germany.

Excluded from this list are the nationals of the European Union, Norway, Switzerland, Iceland and Liechtenstein, Australia, Canada, Israel, Japan, New Zealand, United States of America and South Korea, who don’t need a visa to study in Germany, but they still need a residence permit.

There are some specific requirements that a student has to fulfill to get a Germany Student Visa. One of these requirements is presenting a Blocked Bank Account as a way to prove your financial resources for living in Germany.

Many students are confused about this requirement, being unable to define its meaning. However the requirement is quite logical, and though at the beginning might seem quite a difficult one to fulfill, later you will see that actually this is a requirement for your own good.

In this article, we explain what a German Blocked Account is, why you need it, the process to open one, as well as how it will serve you later during your study years in Germany.

What is a Blocked Account?

A Blocked Account is a special kind of bank account for foreign students in Germany, to deposit the required amount of money to cover their living expenses for one year, as proof of financial resources when applying for a German student visa.

The Blocked Account is also a requirement when you apply to obtain:

  • A residence permit – for students who don’t have to apply for a visa to come to Germany. (Students from Australia, Honduras, Israel, Japan, Canada, New Zealand, Republic of South Korea and the United States of America)
  • A Job seeker visa – which allows you to stay in Germany for six months and look for a job.

You need to open a blocked account as soon as you get your university admission letter. It is necessary for you in order to be able to prove that you are capable of supporting yourself financially, at least during the first year of your studies in Germany. You can open this bank account from your home country as well.

The mandatory sum required by the embassy that must be deposited to the blocked bank account is €8,640. Once the student starts their first semester in Germany, he or she can withdraw an amount of €720 per month.

How to Open a Fintiba Blocked Account for Students?

Fintiba is one of the easiest ways to open a German Blocked Account.

Most international students associate the name of Fintiba/Sutor Bank with blocked accounts. The opportunity to complete a blocked account application online, without going through bureaucratic procedures has made them a popular option among prospective students.

Fintiba is a large and specialized company built with a clear mission to help international students in Germany. To date, many students have benefited in different ways from their professional team and a wide variety of services they provide entirely online.

They’re fast, safe, flexible and a cheaper option. Furthermore, thanks to their large network of partners their set of offerings includes many services aside from blocked accounts.

In addition to opening a blocked account, students can also seek help to Fintiba about other issues related to their stay in Germany. For example, they can assist you to open a regular bank account where your blocked money will be transferred regularly.

Keep in mind: Fintiba acts as an intermediary party between you and Sutor Bank, where your student blocked account is opened.

The Process to Open a Blocked Account at Fintiba/Sutor Bank

The whole process of opening your Blocked Account at Fintiba can be completed online. You will only need a valid passport to open your Blocked Account and the passport doesn’t need to be certified by the embassy. Here are the steps to open your account:

  1. Open a Blocked Account at Fintiba website. You will find detailed information about opening you Blocked Account and if you have further questions they offer a free consultation.
  2. Fill out the application form. Once you’ve started the process, you will be directed to an online application form to fill out with your personal details and verifying your identity (scanning your valid passport). Once the verification process is completed, your Blocked Account is opened.
  3. Deposit money. Now that your Blocked Account is opened at Fintiba, you need to deposit the required amount of money to your account.
  4. Receive a confirmation email. Within the next 3-4 days, Fintiba will send you an email to confirm that your deposit is accepted and your blocked account is now activated.
  5. Make an appointment at the German embassy. As soon as you receive this email you arrange an appointment at the German embassy. Print out the blocked account confirmation email because you will need it at the embassy to prove your financial resources.

That’s it! Once you have your Blocked Account opened you have completed one of the most important requirements to successfully getting your student visa.

You can find more details about the process and opening your German Blocked Account at Fintiba here.

How to Open a Deutsche Blocked Account for Students?

The process of opening a blocked bank account at the Deutsche Bank is not that complicated, but it cannot be done online. The process may take 2-3 weeks if you are opening the account through the German consulate or the embassy in your country.

The following guide will help you understand the process of visa application, as well as list the documents one has to submit for the account.

The Process to Open a Blocked Account at Deutsche Bank

First, apply for a blocked bank account as soon as you receive your university or college admission letter since you will have to present a confirmation letter to the embassy when you go for your visa interview.

To start the application for a Deutsche Bank blocked account, you will need a computer or a laptop. Download the application form, and completely fill it with correct and honest information that complies with the information in the other documents that you are required to submit alongside with it. Leave open the sections where is asked the date, place, and signature, since they must be filled on the day you certify your documents at the embassy / consulate.

Print then the completed form twice. One of the forms you will have to submit at the embassy or consulate of Germany in your home country, and the other one you must keep in case of need, for later.

Collect the required documents (as listed below) and appoint an interview through phone or email at the German embassy or consulate in your country of residence, which serve as an attesting authority in this case.

For the attestation you need to submit the following documents to German embassy or consulate in your country of residence:

  • Application Form for a Deutsche Blocked Bank Account, fully filled with correct and honest information (Download the form here!)
  • your valid passport, alongside with two black and white copies
  • your admission letter from the German University where you will carry your studies, alongside with a copy of it
  • a prepaid envelope (from a private provider such as FedEx, DHL or US to forward the application to Germany) addressed to Deutsche Bank, “Deutsche Bank”, Privat- und Geschäftskunden AG, Alter Wall 53, 20457 Hamburg, Germany
  • documents that prove the source of your funds (e.g. bank statements)
You will have to sign the application form in presence of a Consular officer in order to have your signature certified.

The following fees will apply:

  • Students:
    • authentication of signature: 20€
  • Language Course Participants:
    • authentication of signature: 20€
    • certification of the copy of the passport page: 10€

Sending your application to Deutsche Bank

At the German embassy they will certify your application form, which then you shall send to this address through the German embassy consulate:

DB Privat- und Firmenkundenbank AG

Alter Wall 53

20457 Hamburg

Germany

Along with the application form, you will need to send the following documents as well:

  • Certified copies of your passport
  • A copy of the admission letter from your university/ college
  • Evidence of the source of your funds (e.g. bank statements)

If there is a branch of the Deutsche Bank in your home country, you can apply there directly without the need to go to the embassy.

Within a few days, you will get a reply from the bank in Germany through email, confirming that your bank account has been opened.

Upon the receiving of this confirmation, transfer the amount of required money (you can transfer more than that if you wish to, but not less). Keep in mind that there will also be a fee depending on your country of residence, of 150 euros.

FAQ about German Blocked Account

How long does it take to open a blocked account?

  • When opening the blocked account on Fintiba, the process might take from 3-7 days.
  • When opening the blocked account directly via the Deutsche Bank, the process might take up to 1 week.
  • When opening the blocked account via the Germany Consulate/Embassy, the process might take up to several weeks, so apply early!

Can I withdraw money from my Bank Account?

Of course, you can! The main idea behind this type of bank account is to ensure that the student will have a regular monthly income for at least the first year of study, which will be enough to cover their basic needs.

You will be able to withdraw an amount of 720 euros per month, but not more. You do not have to withdraw this amount all at once, you can instead do it little by little, depending on your choice.

In what language are the forms?

Unfortunately, if your native language is not either English or German, then there is no form in your mother language which you can fulfill. You will have to complete the form either in German or English, depending on your choice.

How much will the account management services cost me?

If you are a 30 years old student or younger, then you will not have to pay anything for the account management service for a blocked account in Germany.

Will I need a second account that is not blocked?

This is not something necessary, but if you need or want one, you may open it and make use of its available services. The blocked account does not prohibit you from doing so.

What kind of documents can I submit to verify the origin of funds?

You can submit any type of document that proves you have the funds for the blocked account, as a bank statement, proof of a scholarship or proof of a donation. None of these documents should be older than 3 months. If more than one person will donate to your account then the names of all of them must be listed on the application form and the appropriate letters of verification must be attached.

Remember that these documents must be clear and legible, in either German or English.

How am I going to receive the account number?

You will receive the details on your blocked account, IBAN and Bank ID Code, via email or by post to your registered address, upon the opening of your account. Take care to check your spam regularly since the email may be stored there.

What should I do if I receive a confirmation for the account opening with incorrect personal data?

Contact the bank as soon as you receive the email and ask them to correct their mistake. They will correct it and write back to you to explain why the mistake happened.

Can I send the forms without authenticating them?

The requirement to authenticate the forms is not optional, therefore you must authenticate them before mailing them to the bank.

Can I send the forms by fax or scanned by email?

Unfortunately, only original forms sent by mail are accepted.

Will my account close after I stop using it?

When you stop using your account, it will remain open for two more years, even if there is no credit or activity. After two years it will automatically close if you don’t send a request to the bank to close it previously.

What if my request to open a blocked account is rejected?

Try to find out what went wrong and then submit a new request with all the supporting documents and verification.

Can I make transfers in my home country’s currency which is not euro?

You can transfer the money in your home currency if the sum you transfer equals the required amount in euros. As soon as your transfer this money, they will automatically be converted in euros.

I still have not received any information on the money I transferred a long time ago, why?

Normally you receive a confirmation letter in your email within 2 working days after the transfer. However, if you do not, please contact the bank in your home country and ask them about the case. Before doing so, try to check the spam mail since sometimes the email may be stored there.

How do I find my branch and account number?

When you receive your blocked account confirmation letter these details will be given there.

I have transferred more money than required, can I access that money?

Yes, you can. You can withdraw all that money at once, or little by little, according to your wish. Once that money is over, you will then be able to withdraw no more than 720 euros per month.

What if I have a need for more money than the available amount?

In that case, you need to go to your local immigration office and require an account release approval. Upon receiving the document submit it to your branch of the bank. After that, the released amount will be available for you to withdraw.

Can I get my money back if my visa application is rejected?

You will have to submit a document either from the local German immigration office, which contents the deblocking of your account or the original notice of rejection for the visa application, stamped by the German embassy / consulate. You will have to send the documents by mail.

Can I keep using the blocked account after I finish my studies in Germany?

After your blocked account expires, it will continue to work as a normal current account, if you wish to keep using it. However, remember that the account is free to use for students, but not for graduates.