BLOCKED ACCOUNT

What is a Blocked Account?

A blocked account is a bank account for foreign students in Germany, to prove they have enough funds to live in Germany. It is called a blocked account because a student can withdraw a maximum of €853 per month. A German blocked account can be opened at Fintiba or Deutsche Bank.

Also known as a Sperrkonto, the German blocked back account is designed to serve foreign students and job-seekers as proof of financial resources for staying in Germany. Even though there are other ways of showing one’s financial standing, this account is by far the most common among international students.

By allocating a certain amount of money that is determined by the German government, to the blocked account, a person willing to reside in Germany for a period of time testifies that he or she is able to handle living and other expenses during that time.

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