How to get a blocked account for studying in Germany

You must prove that you have sufficient financial resources to cover your living expenses, if you are coming to Germany from outside the European Union to study. This is an essential condition for obtaining a visa and residence permit. Opening a blocked bank account (German: Sperrkonto) is one of the most common ways people provide proof of their financial status. An alternative solution is the declaration of obligation (Verpflichtungserklärung) which is to be given by friends or relatives in Germany who state that they will financially provide for you during your studies. 

A blocked account is a special kind of bank account that serves as proof of financial resources when applying for a German visa. It is called a blocked account because it requires the account holder to deposit a predetermined sum of money, as specified by the government before his or her arrival to Germany. This lump sum can then only be  withdrawn in monthly pay-outs.  

As of January 1, 2021, the annual requirement is 10.332 EUR. The maximum you can withdraw as a student each month is 861 EUR. Please note that these amounts change on a regular basis. Therefore, please refer to the official government website of the Federal Foreign Office!  

Blocked account providers Germany  

There are a few banks that provide blocked account services in Germany. While some allow you to open an account almost instantly by submitting a form online, others will require paperwork to be submitted physically. We will not give a recommendation of specific banks because the conditions for opening accounts are different from case to case. You have to open a savings account to access your blocked account at the same bank.  

Are you still confused how to proceed after you finally come to Germany? The first step is the Registration (Anmeldung). Read all about the Registration here!

How to open a blocked account?  

Once you have decided which bank you want to open your blocked account with, you will need to fill out an application form. You can do this either online or by requesting a paper application form (depending on the provider).  

After completing your application, you will be required to submit documents that prove your identity. You may need to have your forms and documents certified by the German embassy or consulate. If your documents are in order, the bank will set up a blocked account for you.  

Once you receive confirmation that your account has been created, you need to deposit the required amount of money as soon as possible, well in advance of your visa appointment. Some banks charge a one-off fee for this transfer. Once the funds are deposited, you will receive a confirmation from your bank. Make sure you provide the documents of your blocked account in your visa application. 

How do I close my blocked account?  

Normally, you will continue to use your blocked account for the duration of your studies, or until you find a job. At this point, your bank may switch you over automatically to a regular current checkings account, or close your blocked account.  

There are, however, two reasons why you may need to close your blocked account early: if your visa application is rejected, or if you need to leave Germany sooner than expected.  

If your visa application is rejected   

If you are still in your home country and your visa was rejected, or you withdraw your application, you will need to provide an official confirmation from the German embassy/ consulate to close your blocked account. A visa rejection letter counts as an official confirmation.  

If you need to leave Germany earlier

If you are already in Germany and you want to leave unexpectedly,  you will need to obtain the consent of your local Foreigners’ Office  (Ausländerbehörde) before your bank can close your blocked account. Note that a de-registration letter (Abmeldebestätigung) is not accepted as official consent. 

Students have different experiences with blocked accounts in Germany. Why don’t you tell us about yours so that others can get an insight. If you have further questions or feedback, please don’t hesitate to write to us: [email protected]

Written by: Yuva Germany 

YUVA Germany is a student’s association which helps Indian Students with matters concerning studying, living and integrating in Germany. At the same time YUVA Germany provides these students with the opportunity to showcase their culture and to connect with others from India. New2 thanks YUVA Germany for their guest article. 

Cover Photo Credit: Visual Stories Micheile - Unsplash

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