What is Blocked Account in Germnay
A blocked account is a special type of bank account required by the German government for international students to prove they have sufficient financial resources to cover their living expenses while studying in Germany. Having a blocked account is a crucial step in the visa application process for international students in Germany, ensuring that you can manage your living expenses while focusing on your studies.
Here's what you need to know:
1. Purpose of a Blocked Account
- To demonstrate financial stability and the ability to support yourself during your stay.
- It acts as a guarantee that you have the required funds to cover your living expenses.
2. Amount Required for a Blocked Account
- As of 2024, the required amount to be deposited is €11,208 for one year, which equates to €934 per month.
- This amount is subject to change based on the cost of living and government regulations.
3. Usage of Blocked Account Funds
- You are allowed to withdraw a fixed amount each month to cover your living expenses.
- Typically, this monthly withdrawal limit is set to ensure you have a steady flow of funds throughout the year.
4. Blocked Account Providers
- Several banks and financial service providers offer blocked account services
- It’s important to choose a provider recognized by German consulates and embassies.
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