Thursday, June 8, 2023

What is a blocked account for students and job seekers going to Germany?

 A blocked account is a special type of bank account required by German law for many international students, au-pairs, and job seekers to secure their German visa

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 It is called a "blocked" account because an initial sum for a whole year is paid in, and then blocked, meaning only 1/12 (one twelfth) can be paid out per month
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 The money deposited into the account cannot be withdrawn until the account holder arrives in Germany
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 The German authorities require international students to open a blocked account as proof of sufficient financial resources to cover their cost of living
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 The amount required to be deposited into the account is at least 11,208 euros, which is equal to 934 euros per month
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 The blocked account beneficiary is either the mission abroad or, after entering Germany, the competent foreigners authority
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 To open a blocked account in Germany, you need to provide the following documents: application form, valid passport, university admission letter, a bank statement that confirms you have the required amount of money to open a blocked account, and a prepaid fee
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 The process of opening a blocked account can be done online, and there are several providers that offer this service
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