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Proof of financial funds for foreign students in Germany – mandatory for a student visa


A proof of financial means is amongst the most important requirements for a Germany student visa, for residents of non-EU countries who wish to study in Germany.

This proof of financial funds is demonstrated by the so-called blocked account or internationally blocked bank account. A student visa applicant should open a blocked account before entering Germany in their home country, since a confirmation from the bank is among the required documents for a visa application.

A blocked bank account is a special account, in which the visa applicant needs to transfer at least 8640 euros in order to prove they have the means to finance themselves throughout the first year of their studies. This amount will be blocked in the bank until student’s arrival in Germany. Once the student is in Germany, he or she will be able to withdraw a maximum of 720 Euros per month. They will be permitted to withdraw more money only in case they have transferred a higher amount than 8640 euros in their blocked account.

How to open a Blocked Account for German Student Visa

You will be able to open a Blocked Account, upon your admission at a German University. You should be very careful with all the procedures, since a considerable amount of money is involved. Take care to inform yourself well about the services and the procedures, as all providers have different rules on the opening of such an account.

To open a blocked account in Germany, you need the following documents:

  • Application Form
  • Valid passport
  • University admission letter
  • Bank statement that confirms you have the required amount of money to open a blocked account
  • A prepaid fee

NOTE: You may be required to submit more documents, depending on the bank provider and your country of origin.

Not all banks in Germany offer the possibility of opening a blocked account for foreign students, since the law does not require them to do so. It is totally up to the bank whether they wish to offer this service or not.

Following in this article, we have listed some of the banks in Germany that offer the possibility to open a blocked account there. In addition, we have listed the requirements and procedures how to do that at each of them.

How to Open a German Blocked Account at Fintiba

Fintiba Blocked AccountFintiba is the only provider where you can open a blocked account online. The process is simple and fast. All you need is a valid passport to open the blocked account. Thus, it is also the most preferred by foreign students.

To open your Fintiba blocked account, you must take a few steps:

  1. Register online on Fintiba website.
  2. Fill out the application form with your personal data.
  3. Transfer the amount of money required for a blocked account,including the processing fee
  4. Receive the confirmation of your opened blocked account. You will need to show the confirmation letter to the visa consular when applying for a German student visa.

After you complete the above-listed steps, you will receive your confirmation and access to your personal online platform. The Fintiba Bank also has a mobile app that gives you access and an overview of your blocked account.

You can then simply print the confirmation and attach it to your visa application form. The opening of a blocked account at Fintiba usually takes 3-5 working days.

How to Open a German Blocked Account at Deutsche Bank

Deutsche Bank Blocked AccountIf you wish to open a blocked bank account at Deutsche Bank you will have to do it through the German embassy in your home country, since this bank does not have an online registration system. Deutsche Bank charges you an additional 150 euros to create the blocked account. This amount should be paid in addition to the minimum amount required.

To open a blocked account at the Deutsche Bank you should follow the steps listed below:

  1. Download the application form the Deutsche Bank website.
  2. Complete the application form on the computer.
  3. Print it in two copies (one is for your records).
  4. Make an appointment with the embassy to get your documents certified.
  5. Send the documents directly to Deutsche Bank via regular mail or you can ask the German Embassy/Consulate to send through them.
  6. You will receive an email confirming your blocked account.
  7. Transfer the required amount of money, including the processing fee.
  8. Receive the confirmation of your opened blocked account. You will need to show the confirmation letter to the visa consular when applying for a German student visa.

Once the Deutsche Bank has confirmed that your account has been opened and the money has been transferred, you can proceed with the student visa application. Keep in mind that processing at Deutsche Bank can take several days.

How to Open a German Blocked Account at Sparkasse

Unfortunately, the Sparkasse does not give exact details on the internet on how to open a blocked account at their bank. Moreover, not all their branches offer the service. For more details about a blocked account at Sparkasse, you have to go directly to the branch office of your place of residence. In addition, it is impossible for an applicant to open a blocked account prior to entering Germany. Therefore, you will not have a blocked account confirmation for your visa application.

Is there an alternative to the blocked account?

In fact, there are other ways to prove your finances, aside of the blocked account. We strongly advise you to consult with the German Embassy in your home country prior to your visa application. Ask themabout the other options you may have, as rules often change from one country to the other.

Other proof of financial resources may be the following options:

  • Documents that shows the income and assets of applicant’s parents
  • A letter of sponsorship by someone who lives in Germany, that is willing to cover all your costs throughout your stay in Germany
  • A blocked account you have opened previously
  • A recognized scholarship

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