How to Open a Blocked Account for Higher Education in Germany: Step-by-Step Guide
Opening a blocked account for higher education in Germany is a common requirement for international students to show they have sufficient financial resources to support themselves during their studies. This article provides a comprehensive guide on the process, including the necessary steps, requirements, and additional tips to help students navigate this essential financial step.
Steps to Open a Blocked Account
Select a Bank
The first step in opening a blocked account is choosing a bank that offers this service to international students. Some popular options include:
Deutsche Bank Fintiba Expat CoraclePrepare Required Documents
While applying for a blocked account, you will need to gather the following documents:
A valid passport An admission letter from a German university Proof of health insurance if required by the bank (optional but recommended) A completed application form provided by the bankApply Online or In-Person
You can apply for a blocked account either online or in-person. Online applications typically require you to create an account on the bank's platform, while in-person applications involve visiting a local branch. The process is usually straightforward, and most banks have user-friendly online platforms for students.
Deposit Funds
Once your application is approved, you will need to deposit the required amount into the blocked account. As of 2023, the typical amount required is €11,208 for one year, though this can vary. It is advisable to check the latest figures on the bank's website or contact them directly for the most current information.
Receive Confirmation
After depositing the funds, the bank will issue a confirmation letter. This letter is an essential document for the visa application process and must be submitted with your visa application.
Accessing Funds
Once the account is open, you can withdraw a set amount each month to cover living expenses. As of 2023, the typical amount is around €934 per month for a one-year program. This amount may vary depending on the duration of your studies and local cost of living.
Requirements for Opening a Blocked Account
Financial Proof
One of the primary requirements is to demonstrate that you can cover living costs while studying in Germany. The blocked account serves as a form of financial proof to support your application for a student visa.
Age Requirement
Generally, applicants must be at least 18 years old to open a blocked account. However, there may be exceptions for younger students depending on the bank's policies.
University Admission
For the blocked account to be approved, you must provide a letter of admission from a recognized German university. This letter is crucial and must be submitted with your application.
Health Insurance
Some banks may require proof of health insurance coverage. This is particularly relevant if the bank has specific health insurance requirements for students.
Additional Tips
Start the Process Early
Begin the process early to allow sufficient time for the account setup and receipt of the confirmation letter. Applying too late may result in delays that could affect your visa application.
Visa Application
The confirmation letter from the blocked account is a critical document for your student visa application. Ensure that you have it ready before attempting to submit your visa application.
Check Specific Requirements
It's important to check the specific requirements and procedures for the bank you choose, as these can vary slightly between institutions. Banks often have their own guidelines and procedures that may differ from one another.
By following these steps and meeting the necessary requirements, you can successfully open a blocked account for higher education in Germany, ensuring that you have the financial support needed to achieve your academic goals.