Antwort Which blocked account is best for Germany? Weitere Antworten – Which bank is best for blocked account 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.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.List of German Blocked Account Alternatives

• Letter of Commitment (Verpflichtungserklärung, also known as a sponsorship letter or declaration of commitment).
• Scholarship.
• Parental income.
• Bank guarantee (Bankbürgschaft).
• BAföG (Bundesausbildungsförderungsgesetz).

Is Expatrio good for blocked accounts : Lastly, Expatrio is trustworthy. Your Expatrio Blocked Account is not only accepted by all German authorities worldwide, it also comes with a German IBAN and is set up under your own name. With Expatrio, your blocked account funds are protected by the Deposit Guarantee Scheme up to €100,000 per account.

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.

Which bank is recommended in Germany : So, without further ado, let's dive right into it!

• Deutsche Bank. Operational HQ: Frankfurt.
• Commerzbank. Operational HQ: Frankfurt.
• KfW Bank. Operational HQ: Frankfurt.
• DZ Bank. Operational HQ: Frankfurt.
• ING-DiBa. Operational HQ: Frankfurt.
• BayernLB. Operational HQ: Munich.
• Landesbank Baden-Württemberg (LBBW)
• HypoVereinsbank.

What is a Blocked Account A blocked account is a type of bank account in Germany that restricts withdrawals until the account holder arrives in the country. And even after arrival, you can only withdraw a specified amount per month (currently 934€ per month).

The fee for the blocked account opening and its extension after expiration is 150 Euro.

Which is better, Expatrio or Coracle

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.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.At Expatrio, we offer a blocked account accepted by German authorities worldwide which can be set up online from your home country before applying for your visa. Remember that proof of funds for living costs is essential for a German student visa.

Expatrio offers the most affordable prices for opening a blocked account, with €49 to set up and only a €5 monthly fee. Because of their low prices and high-quality customer service, many international students now choose Expatrio to open their blocked accounts.

Which German bank is best for international students : Expat-friendly banks

• bunq – They speak 7 languages. They accept many passport types.
• Commerzbank – They have basic online banking in English.
• Deutsche Bank – Online banking, customer service and some documents are in English.
• Monese – They speak 14 languages.
• N26 – They speak 5 languages.
• Wise – They speak 14 languages.

What is the best bank in Germany for foreigners : Best Bank Accounts in Germany in 2024 – Guide for Expats

• N26 Standard – Best bank account in Germany.
• DKB Girokonto – Best for established expats.
• ING Girokonto – Also great for established expats.
• Commerzbank Girokonto Basic – Best bank account at a branch bank.

Can I open a blocked account for 6 months

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.

Can a blocked account receive money That depends on the type of account and the reason why it was blocked. Usually, withdrawals are an issue rather than deposits. However, there may be occasions, such as when a bank account is blocked by a government, when any transaction whatsoever becomes prohibited.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.

Which bank does Expatrio use : Expatrio can help you set up a current account with one of their partnering banks (N26, Monese, Commerzbank, ING), but you are free to open it with any other German bank.