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Germany Blocked Account

Book the required Blocked Account for Germany at the lowest price, faster processing, and complete guidance with us.

Starting 1st September 2024, the requirement for a blocked account has been updated by German authorities to meet the current expenses and situation. The amount has been increased from €11,208 or €934 monthly to €11,904 or €992 monthly. Hence, you have to remit €696 extra for upcoming intakes. Abroad Cube provides a complimentary service to help German Blocked Account applications for all nationalities.

Germany Blocked Account for Students

€109 Expatrio Logo

Expatrio

€99 Coracle Logo
€149 Fintiba Logo

Compare Germany Blocked Account

FEATURES Expatrio Logo
Expatrio
Coracle Logo
Coracle
Fintiba Logo
Fintiba
Combo Package €60 €59 €149
Blocked Account €129 €99 €149
Buffer €100 €0 €100
INR payments Yes Yes Yes
Current Account Yes No Yes
Account Opening Instant Within 2 hours Instant
Processing Time Instant 1-2 days Instant
Refund Charges €109 €0 €89
Refund Time 4 Weeks 3-4 Weeks 4 Weeks
Apply Now Apply Now Apply Now

Expatrio

€60 Expatrio Logo
Apply directly

The Expatrio is a licensed independent insurance broker partnered with MangoPay to provide Blocked account services across the globe. They charge a one-time setup of EUR 59 and EUR 5 monthly to maintain the blocked account. You can combine it with Public and Travel Health Insurance as a Value package. In the Value package, you will receive a cashback of EUR 59 after completing the process. The Current account required to enable the monthly payouts from your blocked account is free, and you have four banks to choose from. The processing time is one business day for account approval, and you will receive your Form06 instantly upon receiving the funds at Expatrio.

With Expatrio, you can transfer the funds in your local currency, like Indian Rupees, etc., using CohortGo or international remittance in Euro. With CohortGo, you do not have to visit any bank or office as the process is entirely online and faster than traditional international transfers.

Charges
Description Charge
Setup Fee EUR 69
Monthly Fee EUR 5
Buffer EUR 100
Accept INR payments Yes, accepted
Current Account Yes
Under 18 years Not allowed
Account Opening 1 business day
Processing Time Instant, when they receive the funds
Refund Charges EUR 109
Refund Time 4 Weeks
Plans & Packs
Value Package
  • Blocked Account
  • Health Insurance
  • FREE Travel Insurance
  • FREE ISIC Card
EUR 129 EUR 60
Blocked Account
  • Accepted by authorities
  • 100% accepted
  • Fast, Secure, Affordable
  • FREE ISIC Card
EUR 129
Health Insurance
  • No additional charges
  • FREE Travel Insurance
  • FREE ISIC Card
  • Public & Private
starting EUR 120.34
Required Documents
  • Passport - Scanned Copy of First & Last page
  • University/Offer Letter
How to open a Blocked Account with Expatrio
  1. Open the Expatrio website
  2. Choose your Profession or Study Level and Click on theI Agree, Nextbutton.
  3. Choose whether you are 18 years old and click theNextbutton.
  4. Enter the blocked account per month, duration, and the additional base sum.
  5. Verify the total amount and charges, and Click on the Nextbutton
  6. Select the other services like Health Insurance and Current account and proceed to the next page.
  7. Fill in your details, address, academic background, and passport description.
  8. Upload the scanned copy of your passport in the colored format with all four corners visible.
  9. Accept the Terms and Conditions and Apply.
  10. You will receive an email to set your password and set up your Expatrio account.
  11. The Expatrio team will review your application within one business day and send the instructions to transfer funds.
  12. After receiving funds, Form06 or a Certificate will be issued to be presented to Germany Embassy while applying for a visa.
Refund & Cancellation

With Expatrio, you can apply for a Refund if you have withdrawn your visa application or got a visa rejection. They will deduct the service fee (approx EUR 109) and wire transfer fee. They will remit the balance within four weeks after receiving all supporting documents and required details. You can follow the below mentioned process to get your Refund.

  • You have to raise the Refund request via the contact form. The request category should be Blocked Account Closing.
  • After that, you will receive an email once they initiate the refund request.
  • You have to login at Expatrio User Portal
  • Go to Blocked Account under Products tab from Sidebar
  • The Application status should be changed to Closing Requested automatically.
  • Click on the Close button and upload the following documents
    • 'Sperrfreigabe' - a German embassy document stating that your visa application has been rejected or withdrawn. This document is also known as the Blocked Account Release confirmation.
    • If you are requesting amount in new account, upload your Bank Statement or document stating your name and account details
    • If you are requesting the amount in the original payment account, upload your payment receipt.
  • Fill in your address and account details
  • Click on the Send button
  • You will receive the refund minus service fees and wire transfer fee in the provided bank account within 4 weeks

You can also watch this Video

Coracle

€59 Coracle Logo
Apply directly

A coracle is based out of Hamburg, Germany, and charges a flat EUR 99 for opening and managing a blocked account with them, unlike other companies that charge a monthly fee. The Prime package can reduce this fee to EUR 59. The Coracle Prime package includes opening a Blocked account, choosing Public Health Insurance, and Travel Health Insurance worth EUR 68. They provide the blocked account confirmation within 2 hours if applied during office hours. Otherwise, you have to wait up to 24 hours. For Form06 or the final receipt of funds, you have to 3-5 days if sent via an International Remittance.

They are not a bank but partnered with Postbank and BNP Paribas (Lemonway) to smoothen the process of opening blocked accounts online. They have partnered with RemitOut to make the fund transfer errorless and faster. With this, you can remit the funds in a local currency such as INR using local payment methods without visiting your bank branch. Their forex rates are also very competitive, as per Coracle.

On arrival in Germany, you have to open a current account with your preferred bank and ask the Coracle team to integrate your blocked account with them for the monthly payouts.

Charges
Description Charge
Setup Fee EUR 99
Monthly Fee Zero
Buffer Zero
Accept INR payments Yes, accepted
Current Account No
Under 18 years Not allowed
Account Opening Within 2 hours
Processing Time 1-2 days
Refund Charges Zero
Refund Time 3-4 Weeks
Plans & Packs
PRIME Uni
  • Blocked Account
  • Health Insurance
  • FREE Travel Insurance
EUR 99 EUR 59
Blocked Account
  • NO monthly fees
  • 100% accepted
  • Protection of funds
EUR 99
Health Insurance
  • No additional charges
  • Multiple Providers
  • FREE Travel Insurance
starting EUR 120.34
Required Documents
  • Passport - Scanned Copy of First & Last page
  • Photograph - Colored & Passport Size
  • ID Proof - Aadhar Card, Driving License etc
  • University Admission Letter
How to open a Blocked Account with Coracle
  • Open the Coracle application webpage
  • Scroll down and Choose your Insurance provider and Click on Apply Now button
  • Fill in your details
  • Upload a scanned copy of your Passport and ID Proof
  • Upload your University Admission Letter and Photograph
  • Read and accept the terms and conditions and Click on Apply button
  • You will receive confirmation within 2 hours if applied during office hours. Otherwise, it might take up to 24 hours
Refund & Cancellation

To get a refund from Coracle of the Blocking account, you must email their customer support at support@coracle.de and share the Sperrfreigabe (document issued by German Embassy or Consulate to release your Blocked Account funds). After reviewing the documents, they will initiate the Refund, including the Setup Fee and other charges within 3-4 weeks. You may have to bear Wire Transfer Fee and Forex Conversion by your local bank.

Fintiba

€149 Fintiba Logo
Apply Now

Fintiba is a renowned brand for Blocked Accounts of Germany. It is an intermediary and technology company partnered with Sutor Bank to facilitate the services at ease. They use OCR technology to verify the applicant's passport and fasten the passport verification process to release the IBAN details. Fintiba is the only company that allows under 18 to open a blocked account.

They charged EUR 89 for the blocked account initial fee and EUR 4.9 as a monthly fee. If you like to purchase Health Insurance, you can choose between Public and Private insurers.

You can transfer the funds in your local currency, like Indian Rupees, Chinese Rambimi, etc., using TransferMate or XCurrency (China only), which is integrated with Fintiba using the 'Fintiba Transfer' service. Like traditional banking, you do not need to visit banks or offices to complete the transaction.

Charges
Description Charge
Setup Fee EUR 89
Monthly Fee EUR 4.9
Buffer EUR 100
Accept INR payments Yes, accepted
Current Account Yes
Under 18 years Yes, allowed
Account Opening Instant
Processing Time Instant, when they receive the funds
Refund Charges EUR 89
Refund Time 3-4 Weeks
Plans & Packs
Fintiba Plus
  • Blocked Account
  • Health Insurance
  • FREE Travel Insurance
EUR 149
Blocked Account
  • Instant Confirmation
  • 100% accepted
  • Free Current Account
EUR 149
Health Insurance
  • No additional charges
  • Multiple Providers
  • FREE Travel Insurance
starting EUR 25
Eligibility Criteria
  • Must have a valid Passport.
  • In the case of a Minor, one of the parents should have a passport.
  • You must not have a Tax Status in the USA.
  • You must not be a resident of Iran or North Korea.
Required Documents
  • Passport - Scanned Copy of First & Last page
How to open a Blocked Account with Fintiba
  • Open the Fintiba Website
  • Choose the plan you want to continue with (Basic, Plus, Insurance)
  • Fill in your personal details
  • Follow the instructions and provide the required details.
  • You receive an email to confirm your account and set your password.
  • Login to your account
  • Upload your passport for verification using OCR technology
  • You will receive IBAN account details instantly after verification.
  • You have to make the transfer and wait for the funds to be received by Fintiba.
  • On receipt of Funds, you will be issued with Form06 or a Certificate required to submit at the Germany Embassy or Consulate.
Refund & Cancellation

To request a blocked account Refund, you must raise the request using the below-mentioned process. If you have transferred the funds using Fintiba Transfer, you can expect faster processing than traditional international remittances. They will deduct the initial fees of EUR 89 and may charge wire transfer fees from the buffer. The processing may take up to 4 weeks.

  • Log in to your account with Fintiba.
  • Choose the 'Blocked Account' option and click on the 'Close Account' tab.
  • Upload the required documents along with bank transfer details.
  • Wait for their reply for final confirmation.

What is a blocked account in Germany?

It is a bank account for international students and workers where you must deposit the funds before applying for your visa. It will be released in equal monthly instalments after residing in Germany. During the tenure, you will not receive any interest, and the banks might charge an initial monthly fee to manage the blocked account.

Nowadays, many companies have tie-up with authorized banks to open blocked accounts online, making the process faster. They also have an option to combine your blocked bank account with Travel and Public Health Insurance to ease the process. Using these companies, you can also remit your blocked account funds in your local currency and save on forex conversion charges and processing time.

What is the Germany Blocked Account Amount in 2024?

Starting 1st September 2024, the requirement for a blocked account has been updated by German authorities to meet the current expenses and situation. The amount has been increased from €11,208 or €934 monthly to €11,904 or €992 monthly. Hence, you have to remit €696 extra for upcoming intakes.

How to make a German Blocked Account payment in India?

There are two options available to pay the Blocked Account amount.

  • Money Exchanger (Abroad Cube)
  • Banks (Axis Bank, HDFC Bank, etc.)

Out of both, Money Exchanger such as Abroad Cube is far better than banks as they will give the lowest exchange rates and quickest transfer of your funds. Recently, many students saved almost Rs 14,000 by using Abroad Cube services for their Blocked account & its payment.

Can we pay the Germany Blocked account amount in multiple transactions?

Yes, you can transfer Germany-blocked account payments in multiple transactions. They do not have any such rule to avoid making payments in multiple transactions.

Which one should I choose, Indian Bank or Money Exchanger, for Blocked account payment?

We know from several Blocked Account payments that the bank always levies a higher processing cost than the money exchanger. Their exchange rate is greater. You should always pay your Blocked account payment through Abroad Cube since they compare rates from many banks and money exchangers before providing you with the final estimate. Their services are renowned for their quickest turnaround times and Lowest Exchange rates. The blocked account payment can be sent through their systems on the same day.

Which documents are required for Germany Blocked Account?

The list of documents required is short and almost the same for all nationalities.

  • A Scanned copy of the Passport (Front & Last page)
  • University/College Offer Letter

Is a blocked account required for international students in Germany?

It is a requirement set by the Federal Foreign Office of Germany as proof of financial resources that you have enough funds to sustain your life in Germany while Studying or Working. You can skip this requirement and show other proofs to prove your financial condition, but the blocked account is the best choice among them.

Which bank is best for a German blocked account?

To open your blocked account, many German blocked account providers are available in the market, catering to different nationalities. You can choose any bank from Coracle, Expatrio, and Fintiba. They all provide the best and similar services. The German embassy or consulate recognizes these providers in every country. They allow you to open a blocked account, apply for Health Insurance and remit funds from your home country through Online mode.

How to get a Refund for a Blocked account in Germany?

Since the banks are working under the guidelines of German authorities, they are not allowed to refund the blocked account funds without their written permission. To apply for a Refund of a blocked account, you must submit the 'Sperrfreigabe' issued by your German Embassy or resident office in Germany. They provide this document in case of Visa Refusal. If you withdraw your Visa application or change your mind before applying for the same, you have to email the concerned Embassy to request for 'Sperrfreigabe' to return your funds. Here is the sample format of the request letter for 'Sperrfreigabe' .

Services by Country

Frequently Asked Questions

Questions usually asked by people

As per German authorities, the amount for a Blocked account should be EUR 10,332 (monthly EUR 861), which will increase to EUR 11,208 (monthly EUR 934) from 1st January 2023 onwards. It is suggested to open a blocked account worth EUR 11,208 to avoid any issues.

The minimum period for the blocked account is 12 months, as required by German Embassy and Consulates worldwide.

No, it is not required by the German authorities, but you can choose to continue or open a new blocked account again from 2nd year onwards.

A blocked account is a requirement set by German authorities as proof of funds for a Visa. It is a type of account where you must deposit the funds at once, and you will receive monthly installments in your current account while in Germany.

No, you cannot withdraw money as per your requirement. You will get a monthly installment of EUR 861 or EUR 934 in your provided Current account in a German bank.
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