CelinaGPlanning to study or move to Germany? One of the most important steps in getting your visa is setting up a blocked account. If you’re wondering what a blocked account is and how to get one, you’re in the right place! This guide will walk you through everything you need to know in easy-to-understand language. Let’s get started!
What is a Blocked Account?
A blocked account, known as a Sperrkonto in German, is a special bank account for international students and certain visa applicants. The German government requires you to have enough money to support yourself while living in Germany. A blocked account shows that you have this money.
But here’s the catch: this account is “blocked,” meaning you can’t take out all the money at once. Instead, you can withdraw a fixed amount each month, making sure you have enough funds to live on throughout your stay.
Why Do You Need a Blocked Account?
The German government wants to make sure you can cover your living expenses while studying or staying in the country. By setting up a blocked account, you prove that you have the financial means to support yourself. This is crucial for getting your visa approved!
As of 2024, the required amount to be deposited in your blocked account is €11,208 for one year, which allows you to withdraw €934 per month. This amount is set by the government and is meant to cover your basic living costs like rent, food, and transportation.
How to Set Up a Blocked Account
Setting up a blocked account might sound complicated, but it’s actually pretty straightforward. Here’s how you can do it:
1. Choose a Provider
There are several providers that offer blocked accounts for visa purposes. Some of the most popular ones include:
- Fintiba
- Expatrio
- Deutsche Bank
- Coracle
Each provider has different features, fees, and processing times, so take a look at their websites to see which one suits you best.
2. Apply Online
Most providers allow you to apply for a blocked account online. You’ll need to fill out an application form with your personal information, including your name, address, and passport details. You might also need to provide a copy of your passport.
3. Deposit the Required Amount
Once your application is approved, you’ll need to transfer the required amount (currently €11,208) into your blocked account. This can usually be done through an international bank transfer. Keep in mind that it may take a few days for the money to appear in your account.
4. Receive Your Confirmation
After the money is deposited, the provider will send you a confirmation, often called a “blocking confirmation.” This document is super important because you’ll need to submit it with your visa application to prove that you have enough funds.
5. Use Your Blocked Account in Germany
When you arrive in Germany, you can activate your blocked account to start withdrawing money. Most providers allow you to withdraw around €934 per month, giving you a steady flow of cash to cover your living expenses.
Tips for Managing Your Blocked Account
- Plan Ahead: It can take a few weeks to set up a blocked account and transfer the money, so start the process as early as possible.
- Keep Track of Your Budget: You’ll only have a fixed amount to spend each month, so make sure you budget wisely.
- Don’t Forget Fees: Some providers charge fees for setting up and maintaining the blocked account. Make sure you understand these fees when choosing your provider.
Final Thoughts
Setting up a blocked account is a key step in your journey to Germany. It might seem a bit daunting at first, but once you understand the process, it’s quite manageable. Plus, it’s a great way to ensure you’re financially prepared for your time in Germany.
Have you set up a blocked account before? Do you have any tips or experiences to share? We’d love to hear from you in the comments below! And if you found this guide helpful, don’t forget to subscribe to our blog for more tips on living and studying in Germany.
Safe travels and good luck with your visa application! ✈️🎓
