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Blocked Account

Blocked Account

Blocked Account in Germany

When setting up a blocked account in Germany, especially for visa purposes, it is crucial to meet specific requirements to ensure compliance with the regulations. Here are the key conditions:

1. Adequate Funds

  • The blocked account must be credited with enough money to cover your living expenses for the duration of your stay in Germany. As of January 1, 2023, the required annual amount is 11,208 euros. This figure is based on standard rates similar to those for German students and is subject to change, so it’s important to stay updated.

2. Monthly Withdrawal Limit

  • The account should allow you to withdraw a fixed amount monthly. For students, this amount is currently set at 934 euros per month. This limit ensures that funds are distributed evenly throughout your stay, covering your monthly living costs.

3. Account Closure Conditions

  • The blocked account can only be closed with the permission of the account beneficiary. Before entering Germany, the beneficiary is usually the mission abroad (such as an embassy or consulate). After entering Germany, it becomes the competent foreigners authority. The blocking notice ensures that funds are reserved for living expenses and does not permit the beneficiary to withdraw funds from the account.

4. Availability of Providers

  • Various countries have providers offering services for setting up blocked accounts. Additionally, some banks in Germany specialize in providing blocked accounts specifically for students or language learners. These banks often tailor their services to the needs of international students and are typically located near educational institutions.

These blocked accounts are a critical part of the visa process for many international students and visitors to Germany. They ensure that individuals have sufficient financial means to support themselves during their stay, which is a key requirement for obtaining a student visa or residence permit in Germany.

For the next steps in your journey, we are there to support you!

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