Blocked Account for Germany Student Visa
If you are planning on studying in Germany as an international student, you may have heard about the requirement of having a blocked account in order to obtain your student visa. In this article, we will explore what a blocked account is, why it is required, and where you can open one.
What is a blocked account?
A blocked account is a special type of bank account that is required by the German government as proof of financial resources for international students. This account requires a one-time deposit from the account holder, and it cannot be accessed until the student arrives in Germany.
The amount of money required in the blocked account varies depending on the length of the study program and the cost of living in the city where the student will study. As of 2022, the minimum amount of money required in the blocked account is €11,208 for one year of study.
Why is a blocked account required?
The German government requires international students to have a certain amount of financial resources in order to cover their living expenses while studying in Germany. The blocked account ensures that students have access to these funds throughout their time in Germany.
The money in the blocked account can only be accessed once the student has arrived in Germany, and it must be used specifically for living expenses during their stay. This guarantees that international students have enough money to support themselves throughout their time in Germany and will not become a burden on the German social welfare system.
Where can I open a blocked account?
There are several banks in Germany where international students can open a blocked account. Some of the most popular options include Deutsche Bank, Fintiba, and Expatrio. These banks offer online account opening, which makes the process easier for students who are still in their home country.
It is important to note that the process of opening a blocked account can take several weeks, so it is recommended that students start the process as early as possible. Additionally, students should do research on which bank offers the best financial terms for their needs.
Common Questions
If I Decide Not to Go to Germany, Will I Get My Money Back?
If you decide not to go to Germany, you can close your blocked account and withdraw your funds. However, it is important to note that there may be some fees associated with closing the account, and you may not be able to get the full amount you deposited.
If My Visa Gets Rejected, Will I Get My Money Back?
If your visa gets rejected, you can close your account and withdraw your funds. However, the same fees apply as mentioned above.
How Can I Open a Blocked Account When I Am Not in Germany Yet?
You can open a blocked account from your home country through a bank that offers international services. You will need to provide your personal details, including your passport number and proof of enrolment, and make the deposit before the account can be opened.
When I Arrive in Germany, Can I Access My Account Freely? Or Are There Still Restrictions?
Once you arrive in Germany, you will be able to access your blocked account, but there will still be restrictions on how much you can withdraw each month. You will need to budget your expenses accordingly to ensure you have enough for the duration of your studies.
How Do I Know Which Blocked Account Services Are Legitimate?
It is important to do your research and choose a reputable bank that offers blocked accounts. Look for reviews from other international students, check their website for information on fees and requirements, and ensure that the bank is registered with the relevant authorities.
Can My Visa Application Really Get Rejected If I Don’t Open One? Why is Germany So Strict?
Yes, if you do not provide proof of financial resources, your visa application may be rejected. Germany is strict with this requirement because they want to ensure that students can sustain themselves during their studies without being a burden on the German welfare system. Therefore, it is important to follow the guidelines and requirements for a blocked account to ensure a successful visa application.
Planning to Study Business School Abroad?
A blocked account is an important requirement for international students who wish to study in Germany. This special type of bank account ensures that students have enough financial resources to cover their living expenses while studying in Germany. By knowing what a blocked account is, why it is required, and where it can be opened, students can be better prepared when applying for their student visa.
At Unify, we can help you throughout the entire admissions journey to study at business school abroad and apply for a student visa. Get in touch with our team for personalized and expert advice on finding your dream school, maximizing your chances of being accepted at your chosen university, and getting help with the visa procedures.