If you’re planning to study in Germany, one essential requirement is setting up a blocked account, also known as a Sperrkonto. This account serves as proof of financial stability for your visa application and helps cover your living expenses during your planned stay in Germany.

In this blog, we will guide you through the step-by-step process of opening a blocked account and explain why it’s important for international students. For more on how to start your study journey, check out our guide on how to study in Germany from Nepal.

What Exactly is a Blocked Account?

A blocked account is a special type of German bank account that holds the required funds for international students. It ensures that you have sufficient funds to cover your living expenses in Germany. The account is called “blocked” because the money cannot be withdrawn all at once; instead, you can access a limited amount every month. This arrangement gives the foreigners authority confidence that you can support yourself financially during your stay.

Key Requirements for Setting Up a Blocked Account

Financial Requirements

To meet the conditions for a blocked bank account, you need to deposit a specific amount set by German authorities. Currently, the minimum requirement is approximately €11,208 per year, which allows you to withdraw around €934 monthly. This amount may change, so make sure you have the latest information before proceeding.

Necessary Documents

When setting up your blocked account, you’ll need to provide several documents, including:

• A valid passport
• Proof of admission from a German university
• Completed application forms for the blocked account
• Additional documents, such as a visa application or confirmation from the foreign office if required

Having these documents ready will speed up the process and ensure you meet all requirements.

Step-by-Step Guide to Setting Up a Blocked Account

Step 1: Choose a Provider

There are different providers you can choose to open a blocked account. Some of the popular options include specialized financial services and traditional banks in Germany. When selecting a provider, consider factors such as the account opening fees, monthly service charges, and additional features like health insurance packages. If you are unsure which provider to pick, you can explore this guide to set up a blocked account for more details.

Step 2: Complete the Application Process

Once you’ve chosen a provider, fill out the application form on their website. The process usually involves uploading scanned copies of your documents. Some providers may ask for a notarized copy of your passport or additional verifications. Make sure to double-check all information to avoid delays.

Step 3: Transfer the Required Funds

After your account is approved, transfer the required amount from your home country to the blocked account. Keep in mind that international bank transfers can take a few days, and fees may apply. Once the money is deposited, you will receive a confirmation that can be used as proof of financial resources when you apply for a visa.

How to Withdraw Money from Your Blocked Account

Monthly Limits

After you arrive in Germany, you can start withdrawing money from your blocked account. Typically, you are allowed to withdraw up to €934 per month. This limit ensures that you have enough money for your entire stay and that your funds are managed responsibly. Be sure to set up a local bank account to transfer your monthly allowance easily.

Conclusion

Setting up a blocked account is a crucial step for international students wanting to study in Germany. It acts as proof of financial stability required by German authorities and helps manage your living expenses. The process may seem complicated, but by following this guide and ensuring you have all the necessary documents, you can successfully open your account and focus on your educational journey. To learn more about adjusting to life in Germany, read our tips on navigating life as a foreign student.