Blocked Accounts in Germany

From Expat Wiki
< Germany‎ | Banking
Revision as of 19:07, 27 July 2022 by Jorges (talk | contribs) (Created page with "{{Head |Blocked Accounts in Germany |offers, FAQ |A blocked account (''Sperrkonto'') is a special type of bank account that # requires you to initially deposit a big sum that...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

A blocked account (Sperrkonto) is a special type of bank account that

  1. requires you to initially deposit a big sum that will cover your spending for half or a whole year.
  2. then allows you to withdraw every month a part of it (1/6 or 1/12).

That way, you prove that you have enough funds to sustain yourself while living and studying in Germany.

You need a blocked account if you apply

  • for a study visa
  • for a residence permit as a student (if you come from a country that allows you to enter Germany without a visa)
  • for a jobseeker visa

Offers

You can open a blocked account online. Some services also offer packages together with health insurance and a regular bank account.

  1. 1.0 1.1 1.2 Cite error: Invalid <ref> tag; no text was provided for refs named affiliate