Open-a-Bank-account-in-London

Blocked Account In Germany

All international students considering moving to Germany for studies must deposit 10,236 Euros to a blocked account in order to get the student visa.

Table of Contents

Blocked Account (Sperrkonto)

A blocked account (Sperrkonto) is a type of a bank account designed for international students, who are required to provide proof of financial stability when applying for the visa. The German government wants to see a certain amount of money on your account to make sure you have sufficient means to live in Germany.

Deposit Amount

The minimum amount of money required is €10,236 to apply for a student visa in Germany. You are allowed a maximum monthly withdraw of €853.

Documents required for opening a German blocked account

The list of required documents to open a blocked account may vary depending on your nationality and the bank account provider you choose.

You will need these documents to open a blocked account in Germany:

  • An application form
  • Your valid passport
  • The admission letter from your university
  • A bank statement of your income
  • A prepaid fee

Due to the high number of applications from international students, the procedures for opening a blocked account may be slightly delayed.

Service Providers

A large number of our students chose to open their blocked accounts in Deutsche bank, as was the case with Ahmed, from Egypt, and Abdelrahman, from the UAE. Both of them have reported experiences and high quality service from Deutsche Bank. The only disadvantage is that the bank doesn’t have many ATMs throughout Germany, and withdrawing money from an ATM belonging to different bank incurs a fee of 5 euros per withdrawal.

Sparkasse is another well known bank all over Germany. It has the advantage of providing ATMs almost everywhere you go so you will not be struggling to find one of their ATMs, they also have more physical branches than Deutsche Bank.

N26 is relatively new in the market but has quickly established itself among German banks, all of their services are provided online as they don’t have a physical branch. Opening a bank account is fairly easy and shouldn’t take more than a few minutes depending on your nationality, they also have an added advantage of providing excellent English speaking customer service as well as allow you 3-5 free monthly withdrawals from any bank in Germany, and unlimited withdrawals in any other EU country.

There are many more service providers in the market, but these 3 are the most acknowledge by the German embassy, it doesn’t matter which one you pick.

Address registration for your blocked account

You can register your residence in Germany at the local Resident’ Office Registration. Within two weeks of your arrival in Germany, you have to register your address. The bank will need it so they can send details of your blocked account to your residence.

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on email

Don't Stop Here

More To Explore

What do we use cookies for?

We use cookies and similar technologies to recognize your repeat visits and preferences, as well as to measure the effectiveness of campaigns and analyze traffic. To learn more about cookies, including how to disable them, view our Cookie Policy. By Clicking “I Accept” on this banner, or using our site, you consent to the use of cookies unless you have disabled them.