Why Do I Need To Open A Blocked Account In Germany?

 

For a non-EU student to apply for a German student visa, they must fulfil the standards set forth by the university and the government. One of the most popular destinations for international study is Germany. Germany continues to draw top students from all over the world with its free educational system, more than 300 esteemed academic institutions, a lot of study options, and knowledgeable faculty. For many international students, obtaining a German student visa is a prerequisite to continuing their studies in Germany.

Why do you need a Blocked Account in Germany?

For a non-EU student to apply for a German student visa, they must fulfil the standards set forth by the university and the government.

Students must furnish the embassies with documentation of their financial means as one of these requirements. This indicates that they have the financial means to support themselves while they are in Germany. Making an account with a German bank that is blocked is one of the most popular ways.

Please be aware that there may be differences in the requirements for a Blocked Account opened for a residence permit versus a German visa. Therefore, it's imperative to be aware of these variations in advance and select a Blocked Account service that complies with all regulations.

By doing this, extra time and money could be saved when travelling to Germany. For the local foreign office to accept it for a residence permit, students frequently need to register a second blocked account.

 

Process of Opening a Blocked Bank Account

Since you need to open a blocked account before applying for a German visa or residency permit, you usually need to be in your home country to do so. Depending on the service provider you select, the procedure may differ, but the general steps are as follows:

·       Speak with the German Embassy or Consulate to find out the precise amount of money needed. You must not make any deposits before verifying the minimum amount needed, even though it frequently stays the same for every applicant.

·       Create a blocked account at the bank of your choice. You can open an account online if you deal with intermediaries such as Fintiba, Expatrio, or Coracle. If you approach a bank directly, though, you will probably need to submit a paper application; if you live outside of Germany, this is typically done through the German Embassy.

·       Keep checking your application to be processed.

·       Obtain the letter of confirmation from the bank. You will receive the Confirmation Document for a Blocked Bank Account from the provider after the transfer is complete, and you need to show it to the German Embassy.

·       Await the issuance of the visa. Once the confirmation letter and necessary documents have been submitted, you will have to wait for the processing of your visa. You will be given a National D Visa upon approval, which will allow you to enter Germany.   

We hope that this post has answered some of your questions and helped you through the process of opening a blocked account in Germany. To know more about the process, visit this: https://expatguides.de/how-to-open-blocked-account-in-germany/#comparison-of-blocked-account-providers-in-germany