2024-08-29
When planning to study in Germany, one of the key financial requirements is opening a Sperrkonto, commonly known as a blocked account. This guide will provide comprehensive information on a blocked account, why it’s necessary, how to open one, and other essential details.
What is a Blocked Account?
A blocked account (Sperrkonto) is a special bank account required by German authorities for international students. It serves as proof that you have sufficient financial resources to support yourself during your stay in Germany. The account is termed “blocked” because the deposited funds cannot be withdrawn in full; instead, a fixed monthly allowance can be accessed to ensure a steady income.
Why Do You Need a Blocked Account?
The German government mandates a blocked account as proof of financial stability for international students. Before issuing a student visa, the German Embassy or Consulate must confirm you have enough funds to cover your living expenses.
- As of 2025, the minimum required amount is €11,208 per year (equivalent to €934 per month).
- This ensures students can cover rent, food, insurance, and other basic expenses without relying on external financial aid.
Who Needs to Open a Blocked Account?
A blocked account is required for:
Family members of German residents join their relatives in Germany (in some cases).
- Non-EU/ EEA countries like India, Pakistan, Bangladesh, China, Russia, Vietnam, and many other countries citizens applying for a German student visa.
- Exchange students need to prove their financial capability.
- Job seekers applying for a visa that requires proof of funds.
- Family members of German residents join their relatives in Germany (in some cases).
Who is Exempt from a Blocked Account?
The following individuals may not need a blocked account:
- EU/EEA Students – Citizens from the European Union and European Economic Area are exempt.
- Scholarship Holders – Those receiving fully funded scholarships covering living expenses.
- Sponsored Students – Individuals with a formal sponsorship from a German resident covering their costs.
How to Open a Blocked Account?
Follow these steps to open your blocked account:
Step 1: Choose a Bank or Service Provider
Select a provider based on processing time, fees, and additional services (e.g., insurance).
Step 2: Complete the Application
- Fill out the online application with personal details, passport information, and university admission proof.
Step 3: Transfer the Required Funds
- Deposit €11,208 or more to your blocked account.
- Ensure to cover any additional bank transfer fees.
Step 4: Receive Confirmation
- Once funds are deposited, you’ll receive a confirmation document needed for your visa application.
Step 5: Activate & Use the Account in Germany
- After arrival, activate the account as per the provider’s instructions and start withdrawing the set monthly limit.
Costs Associated with a Blocked Account
While essential for studying in Germany, maintaining a blocked account comes with costs:
- Account Opening Fee – Ranges between €50 to €150.
- Monthly Maintenance Fee – Typically €5 to €10 per month.
- Transfer Fees – Additional charges for international wire transfers.
Accessing Your Blocked Account Funds After Arriving in Germany
Once you arrive in Germany, there are a few essential steps you need to take to access the funds in your blocked account.
1. Apply for a German Residence Permit
Within three months, apply at the Foreigners’ Office (Ausländerbehörde) with the required documents, including your passport, university admission letter, and blocked account confirmation.
2. Activate Your Blocked Account
- Online providers (Fintiba, Expatrio): Upload documents via their portal.
- Traditional banks (Deutsche Bank): Visit a branch with required documents.
Processing may take a few days, so carry extra funds for initial expenses.
3. Open a German Current Account (Girokonto)
A current account is needed to receive your monthly allowance. Choose between traditional banks (Deutsche Bank, Commerzbank) or digital banks (N26, Wise). Expatrio offers an integrated service to set up both accounts easily.
8. Managing a Blocked Account
- Withdrawals – Funds can be used for rent, food, and daily expenses.
- Interest Earnings – Some accounts offer interest, but rates are typically low.
- Closing the Account – After completing studies, the account can be closed, and the remaining balance withdrawn.
9. Banks and Service Providers Offering Blocked Accounts
Several banks and financial service providers offer blocked accounts. These can be categorized into Indian banks, foreign providers, and German banks:
a) Indian Banks
- Kotak Mahindra Bank – Offers blocked account services with fast processing.
- ICICI Bank – Assists through partnerships with German financial institutions.
b) Foreign Banks & Service Providers
- Fintiba – A popular German-based provider with an easy online process.
- Expatrio – Offers blocked accounts along with health insurance packages.
- Studely, Coracle, and Drop Money – Alternative providers with varying benefits.
c) German Banks
Sparkasse, Targobank, Postbank, HypoVereinsbank, Volksbank, and Commerzbank – Local banks where blocked accounts can be opened, usually requiring an in-person visit.
Deutsche Kreditbank (DKB) – A reputable bank offering blocked accounts, though with a more complex application process.
Blocked Account Costs & Features
| Provider | Setup Fee | Monthly Fee | Processing Time | Online Application | Health Insurance Add-on | Free Current Account Add-on |
| Expatrio | €69 | €5 | Account: <24 hrs, Transfer: 3-5 days | ✅ Yes | ✅ Yes | ✅ Yes (via Expatrio Value Package) |
| Fintiba | €89 | €4.90 | Account: 10 mins, Transfer: 3-5 days | ✅ Yes | ✅ Yes | ❌ No |
| Studely | None listed | None listed | Account: 24 hrs, Transfer: 2-5 days | ✅ Yes | ❌ No | ❌ No |
| Coracle | €59 | None | Not specified | ✅ Yes | ✅ Yes | ❌ No |
| Drop Money | Starts from €45 | €5 (annually) | Account: 24 hrs, Transfer: 3-5 days | ✅ Yes | ✅ Yes | ✅ Yes (with REVOLUT) |
Conclusion
A blocked account is an essential financial requirement for international students planning to study in Germany. It serves as proof of financial stability, ensuring that you can cover your living expenses throughout your stay. Choosing the right provider, understanding the activation process, and setting up a local bank account are crucial steps to accessing your funds smoothly.
While the blocked account is a necessity, there are alternative options like scholarships and official sponsorships that may exempt you from this requirement. Understanding the regulations and planning will help you avoid delays in your visa application and ensure a hassle-free transition to life in Germany.
By following the correct procedures and managing your finances wisely, you can focus on your studies and make the most of your experience in Germany. If you’re in the process of opening a blocked account, research your options carefully and start the process early to ensure a smooth start to your academic journey.
Frequently Asked Questions
What if my visa is denied?
Most providers allow refunds, but processing fees and paperwork may be required.
How long does it take to activate a blocked account in Germany?
Activation times vary depending on the provider. Fintiba and Expatrio typically activate accounts within 24 hours, while traditional banks like Deutsche Bank may take several days to weeks due to in-person verification requirements.
Can I transfer more than the required amount into my blocked account?
Yes, you can transfer more than the €11,208 minimum to cover additional expenses. However, you can still withdraw only the fixed €934 per month, unless the provider offers flexibility.
Can I change my blocked account provider after opening one?
Switching providers is difficult once the account is set up. Some providers allow transfers, but this may involve additional paperwork, fees, and delays.
Do I need to open a German current account (Girokonto) in addition to my blocked account?
Yes, a Girokonto (current account) is essential to receive your monthly allowance from the blocked account. Some providers, like Expatrio, offer both services together.
What happens to my blocked account if I return to my home country before completing my studies?
You can request a refund, but you must provide proof of visa cancellation and deregistration (Abmeldung) from Germany. Refund processing times vary by provider.
Can I work in Germany while using a blocked account?
Yes, international students can work 120 full days or 240 half days per year without affecting their blocked accounts. However, earnings alone may not be enough to cover living expenses.
Can I use my blocked account to pay university tuition fees?
No, the blocked account is meant for living expenses only. Tuition fees should be paid separately before applying for a student visa.
What happens if my blocked account balance runs low?
If your funds are insufficient, you may need to deposit additional money to maintain the €934 monthly withdrawal requirement, or your residence permit could be at risk.