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Blocked Account for an International Student in Germany

As an international student coming to Germany for higher studies, it is mandatory for you to prove that you have enough financial resources to support costs arising for the duration of your planned stay in Germany. For more information Visit: https://uni-access.com/view-blog/Blocked-Account-in-Germany

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Blocked Account for an International Student in Germany

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  1. Blocked Account for an International Student in Germany

  2. As an international student coming to Germany for higher studies, it is mandatory for you to prove that you have enough financial resources to support costs arising for the duration of your planned stay in Germany. There are some ways to prove these and out of them ‘opening a blocked account’ is the most popular one. You must be thinking, what exactly is a ‘blocked account’? Why is it blocked and by whom? To answer the above questions and more, let’s take a look! What is a ‘blocked account’? A blocked account is different from your normal bank account. The difference is that in a normal bank account you can do transactions/withdrawals as and when you like, but in a blocked account you will have to deposit a definite amount of money (as determined by the German Authorities) and this money can be withdrawn only in monthly instalments (corresponding to pre-defined monthly living costs in Germany). As of 1st January, 2020, a student visa applicant must have €10,236 in the blocked account so that visa processing can start. The maximum amount which a student can withdraw monthly is limited to € 853.

  3. Do I need a blocked account? Well if you are not from an EU country then generally you will need to have a ‘Blocked account’. For more clarity please contact the German consulate in your country. One of the notable exceptions is if your education is funded by a DAAD scholarship or some other initiatives by the German government. How can I open a blocked account? Most of the banks allow you to apply online for obtaining a blocked account. Before you start applying for the block account, please gather all the supporting documents you might need to scan and send to the bank authorities. Usually a checklist is provided for such supporting documents. It is mandatory to get the necessary documents certified by a competent authority like the German Consulate or the German Embassy in your home country. These authorities will then confirm the authenticity of your documents to the bank.

  4. In the next steps, the bank will open the blocked account and send you the account details (IBAN and BIC numbers). Once the money is transferred from your end, you will have fulfilled the financial requirement to apply for the student visa in Germany. Which are the banks where I can open a blocked account? If you are applying for a blocked account from outside Germany, then following are the options you have (information courtesy: Foreign office Germany): Thank-You Visit: https://uni-access.com/

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