Blocked Account (Sperrkonto)
When applying for a student visa in Germany, certain documents must be presented. One of these documents is a financial proof of living in Germany. This can be shown trough a Blocked Account (Sperrkonto).
What is a Blocked Account?
A blocked account is a special kind of bank account for international Students. The full amount of one year‘s living expenses (10.236 EUR) must be transferred to the account in order to proof financial resources. The money can then be withdrawn only on a monthly basis (853 EUR /month) from the account which is why it is called blocked account.
The money is not paid to someone, it is still your money, only you are not able to access the full amount of 10.236 euro, but just the monthly 853 EUR.
How to open a Blocked Account?
Since not every bank is approved by the German Federal Foreign Office, there are only a limited number of banks where you can open a blocked account. Some of the banks have an offline process, where you need to go to the German consulate to sign your documents and then send them via post to Germany. Since it is highly inconvenient and more expensive, we generally recommend an online provider. One of them is Expatrio.