Antwort What is the cheapest blocked account in Germany? Weitere Antworten – Which bank is best for blocked accounts in Germany
Our recommendation: The best in comparison (Fintiba)
The market leader Fintiba performs best in our comparison. This is because Fintiba is the only provider to offer the blocked account at a German bank with German deposit protection.How much money should be in Blocked Account in Germany As of February 2024, the current Blocked Account amount required to apply for a German visa is 11 208 Euros. This amount is blocked on the student's bank account for a year, and the student has access to no more than 934 Euros per month.A Blocked Account (Sperrkonto) is a special bank account required by German authorities for student visa and job-seeker visa applicants. Before moving to Germany, you must deposit €11,208 in a German-registered bank account.
How to study in Germany without a blocked account : Study In Germany Without Blocked Account
- Scholarship from an educational establishment (see scholarships for international students).
- Confirmation of government funding or approved student loan in Germany.
- Invitation from a friend or relative living in Germany (Verpflichtungserklärung).
Which is better Expatrio or Fintiba
Here are some differences between Expatrio and Fintiba : Application Process: The application process for Fintiba and Expatrio is online. The processing speed of Fintiba and Expatrio differs as Fintiba processes instantly after completing an online application, whereas Expatrio processes in one day.
How much is a blocked account fee at Sparkasse : The fee for the blocked account opening and its extension after expiration is 150 Euro.
€934.00 per month
The required German Blocked Account amount
Starting in the 2022 winter semester, students staying in Germany must have €934.00 per month blocked, totalling €11,208.00 for a year. However, we strongly recommend that you check the required sum on the website of your local embassy or respective authority.
€11,208 per year
Minimum Blocked Account requirement
As of January 2024, the minimum amount required in your blocked account for a student visa is €11,208 per year (€934 per month). This figure is based on the estimated annual living expenses for students in Germany defined by the BAföG rate.
What is the alternative to block account in Germany
Hence, the Letter of Commitment is something that you can use instead of the German Blocked Account to prove the finances for your successful German student visa application.Firstly, you can apply for a Blocked Amount which is valid for up to 12 months. If you intend to stay for more than 12 months, you need to open a Blocked Account for 12 months first and then extend your Blocked Account at the end of the first year.Processing time: The Expatrio processes the application of blocked accounts instantly, but Coracle takes 1-2 days to do the same. Refund Charges: In case of a refund, the company deducts the refund charges. The amount deducted by Expatrio is € 109, and by Coracle is € 0.
Expatrio is a licensed independent insurance broker under §34d Abs. 1 of the German Trade and Industry Code (Gewerbeordnung). We aim for transparency and ethical standards.
How much is the monthly fee for blocked account in Fintiba : €4.90
Fintiba Blocked Account Charges
When you open a Fintiba blocked account, you have to pay an initial fee of €89 as well as a monthly maintenance fee of €4.90. You may also have to submit an additional €100 buffer fee to cover any additional fees for the transfer from the bank.
What is the difference between Expatrio and Fintiba : Here are some differences between Expatrio and Fintiba : Application Process: The application process for Fintiba and Expatrio is online. The processing speed of Fintiba and Expatrio differs as Fintiba processes instantly after completing an online application, whereas Expatrio processes in one day.
How long is blocked account valid
Firstly, you can apply for a Blocked Amount which is valid for up to 12 months. If you intend to stay for more than 12 months, you need to open a Blocked Account for 12 months first and then extend your Blocked Account at the end of the first year.
Top 7 expatrio.com Alternatives & Competitors
- studying-in-germany.org. 172,684. Country Rank: India.
- expatica.com. 63,823. 42,870.
- iamexpat.de. 81,332. Country Rank: Germany.
- allaboutberlin.com. 155,958. Country Rank: Germany.
- simplegermany.com. 263,837. Country Rank: Honduras.
- german-way.com. 297,427. 159,263.
- fintiba.com. 262,085.
Current account: Expatrio accepts the current account, while Coracle does not accept the current account. Processing time: The Expatrio processes the application of blocked accounts instantly, but Coracle takes 1-2 days to do the same. Refund Charges: In case of a refund, the company deducts the refund charges.
Which is better Fintiba or Expatrio : Ultimately, the choice between Fintiba and Expatrio depends on your needs. If you want instant processing, then Fintiba is better. But if you want to go cheaply, then Expatrio is a good option.