A blocked account is a special type of bank account in which the account holder cannot withdraw more than a certain amount of money per month. The amount that you are allowed to withdraw is set by the German government and is currently €720 per month.
The money in the account cannot be used for any other purpose than paying for living expenses while in Germany. This includes rent, food, travel, insurance, and other necessary living expenses.
Who can open a blocked account?
How to open a blocked account?
There are a few different ways to open a blocked account. The most common way is to open an account with a German bank. You can also open a blocked account with an international bank that has a branch in Germany. However, you will need to make sure that the bank you choose offers the option to open a blocked account.
If you open an account with a German bank, you will need to go through a German embassy or consulate in your home country. If you open an account with an international bank, you can usually do it online.
How to use a blocked account?
Once you have opened a blocked account, you will need to transfer money into the account. The amount of money you transfer will depend on your living expenses. You will need to show proof of the money you have transferred into the account when you apply for your student visa.
Once you have arrived in Germany, you can access the money in your account by using a debit card. You can use the card to pay for your living expenses. When you leave Germany, you will need to close your account and withdraw any remaining money. You can then transfer the money to your home country.
There are a few reasons why the German government has made it mandatory for international students to have a blocked account. Firstly, they want to make sure that international students have enough money to support themselves. Secondly, they want to prevent international students from working illegally in Germany. And thirdly, they want to make sure that international students are not a burden on the German social welfare system.
So, if you’re planning on studying in Germany, you will need to open a blocked account before you can apply for a student visa. In this article, we’ve explained everything you need to know about blocked accounts, including how to open one and how to use it.