How to transfer money to Germany Blocked Account ?
You can transfer your blocked account amount, program fee, and buffer amount from India directly to a German-blocked account via various transfer methods. Follow the following steps to transfer your amount quickly and easily:
First, you must have all the vital details of the bank you selected, such as bank name, bank address, IBAN (International Bank Account Number), and BIC (Bank Identifier Code) of the blocked account. For example, select Expatrio Bank to open your blocked account. In that case, you must know the full name of the Expatrio bank, its accurate address, and the Expatrio bank's IBAN & BIC.
In the next step, you must choose a reliable and trustworthy method to transfer your amount. You can choose the wire transfer method as banks do it. In this method, banks transfer your amount to the German bank you selected for your blocked account. You can also share your money via a money transfer service. This service is provided by both banks and authorized money exchangers by RBI. We recommend you choose money transfer service providers such as Abroad Cube because of their best exchange rates and quicker same-day processing. The Banks might take up to 3-4 days to process your transaction and often have hidden charges involved.
Once you are done with the required information from the bank and selecting the transfer method, you can initiate your amount by following the instructions given via the way that you have to choose to deposit money. You can also track your amount for security purposes.
You can also get confirmation from the bank holder whether the amount has been received in the blocked account.
With Abroad Cube, you can save up to Rs 10,000 while transferring money Internationally and experience same-day transfer.