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Open a student Blocked account online in Germany. Compare and choose from leading providers such as Coracle, Expatrio & Fintiba.
Get exclusive benefits and enjoy significant savings on Blocked Account opening and fund transfers to Germany.
Maximize your savings and minimize your transfer fees with ExTravelMoney.com.
Register for a Blocked account with ExTravelMoney.com.
Our Blocked account expert will open an account for you with the selected bank
Upon successful account opening, you’ll receive an email containing the IBAN and account details to which money has to be transferred.
Transfer the money to your Blocked Account. It’ll take 24-48 working hours for the funds to reach your account.
Once money gets deposited in your Blocked Account, you’ll receive the Blocking Confirmation. Use it to apply for your German Student Visa.
What is the purpose of opening a Blocked Account in Germany for Indian students going their to study?
A Blocked Account (Sperrkonto) in Germany is a type of bank account typically opened by international students and serves as proof of their financial stability. It ensures that students have sufficient funds to cover living expenses during their stay in Germany and do not become a burden to the host country's social system. Also, it is required by International students to apply for their Germany Student Visa.
How does a Blocked Account work?
1.First, a student planning to study in Germany has to deposit money in their Blocked Account. The total amount to be deposited depends on the chosen Blocked Account provider but usually contains the following figures;
Blocked Amount - €934 * 12 months = €11,208
One-Time Set-Up Fee
2.When the student arrives in Germany, they’ll have to activate their Blocked Account by visiting the bank. Also, they have to open a separate current account.
3.Every month €934 will be transferred from the Blocked Account to the student’s current account for covering their living expenses.
How can I open a Blocked Account online from India?
You can open a Blocked Account online from India effortlessly using ExTravelMoney.com. Simply register on our website by providing your name and email, and choose the preferred Blocked Account Provider. Our Blocked Account expert will take care of the account opening process for you. Upon successful account opening, you'll receive an email with the IBAN and account details for transferring money. In addition to Blocked Account opening, our platform offers you the benefit of remitting money to Germany at the most competitive exchange rates. Save more through ExTravelMoney.com compared to using traditional banks or other remittance services in India. Transfer the funds to your Blocked Account, and get credited within 24-48 working hours.
What are the leading banks in Germany for opening a Blocked Account?
Some leading banks and providers for opening Blocked Accounts in Germany include;
How can ExTravelMoney.com help me with opening a Blocked Account and transferring money to Germany?
Choose ExTravelMoney.com and gain access to a seamless, hassle-free, and cost-effective solution for opening your Blocked Account and transferring funds to Germany. Our dedicated team of professionals are committed to guiding you every step of the way, ensuring a smooth and stress-free process. Trust ExTravelMoney.com to be your reliable partner as you embark on your journey to study or work in Germany. Choose us and experience the difference.
What is the Buffer Amount, and why is it necessary?
The Buffer Amount is not a fee charged by the Blocked Account provider. This amount is added to accommodate unforeseen charges that may arise during the wire transfer from India to Germany such as additional fees imposed by an intermediary bank. The buffer's primary objective is to guarantee that your funds remain adequate, even if the transferred amount is less than anticipated. Any remaining balance from the buffer deposit will be reimbursed with your initial (or last) disbursement.
How long does it take to open a Blocked Account through ExTravelMoney.com?
The account opening time may vary depending on the provider but generally, it takes around 24 hours.
How long does it take for the funds to reach my Blocked Account after transferring the money?
It typically takes 24-48 working hours for the funds to reach your Blocked Account after initiating the transfer.
What is Blocking Confirmation, and how do I use it for my German Student Visa application?
Blocking Confirmation is a document verifying that a specific sum of money has been reserved in your Blocked Account and made inaccessible for other purposes. Once the money is deposited in your Blocked Account, you'll receive the Blocking Confirmation. This can be used as proof of financial stability when applying for your German Student Visa.
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