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.
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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.
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.
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.