Minimum Blocked Account Requirement
The minimum requirement for a Blocked Account, which is needed for a German student visa, is €11,208 (€934 per month),. This account acts as proof that you have enough funds to support yourself during your studies in Germany. It's important to deposit this amount into the Blocked Account before applying for your visa. Having this account shows the German authorities that you can cover your living expenses while studying in Germany.
Who Needs to Open a Blocked Bank Account?
A Blocked Bank Account is typically needed by international students who are planning to study in Germany. It serves as proof that they have enough funds to cover their living expenses during their stay in Germany. This account is a mandatory requirement for obtaining a student visa, How to open a blocked bank account in Germany? and the funds deposited in it cannot be accessed freely. Instead, they are "blocked" and can only be used for specific purposes, such as living expenses in Germany.
Where Can You Open a German Blocked Account?
You can create a blocked account with any of the providers listed below:
- Expatrio
- Fintiba
- Studely
- Coracle
- Drop Money
- ICICI Bank
While you can open a bank account directly with a bank, not all branches of a German bank will provide blocked accounts, which can make things more complex. Some German banks that offer blocked accounts include:
- Deutsche Kreditbank (DKB)
- Targobank
- Postbank
- Sparkasse
- HypoVereinsbank
- Volksbank
- Commerzbank
Historical Minimum Deposit Requirements
Here's a table showing the historical minimum deposit requirements for a German Blocked Account:
| Year | Monthly Amount | Annual Amount |
|---|---|---|
| 2024 | €934 | €11,208 |
| 2023 | €934 | €11,208 |
| 2022 | €861 | €10,332 |
| 2021 | €861 | €10,332 |
| 2020 | €853 | €10,236 |
| 2019 | €850 | €10,200 |
Frequently Asked Questions (FAQs):
For a Blocked Account in 2024, you need around €934 per month or €11,208 per year.
It's best to apply for a Blocked Bank Account before applying for your German visa.
German authorities may not accept all providers for a Blocked Account. Check with them or your consulate for approved providers.
Opening a Blocked Account typically takes a few days to a week, depending on the provider and your application process.