Open Blocked Account
Online From India

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.

• 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;

1. Blocked Amount - €934 * 12 months = €11,208

2. Buffer Amount

3. Monthly Fee

4. One-Time Set-Up Fee

• When the student arrives in Germany, they’ll have to activate their Blocked Account by visiting the Service Provider. Also, they have to open a separate current account.
• Every month €934 will be transferred from the Blocked Account to the student’s current account for covering their living expenses.

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 Service ProviderS or other remittance services in India. Transfer the funds to your Blocked Account, and get credited within 24-48 working hours.

Some leading Service Providers for opening Blocked Accounts in Germany include;

• Coracle
• Expatrio
• Fintiba

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.

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 Service Provider. 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.

The account opening time may vary depending on the provider but generally, it takes around 24 hours.

It typically takes 24-48 working hours for the funds to reach your Blocked Account after initiating the transfer.

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.