Blocked Account / Sperrkonto
Every student needs to show the German authorities that they can financially support themselves when they are in Germany. This is a precondition to get any visa.
There are 2 ways to do this:
- A person resident in Germany - with a reliable income can give a guarantee letter (Verpflichtungserklärung) for you. This they do by going to their local "Ordnungsamt" or "Ausländeramt" and signing this guarantee. The local Government office in Germany will ask them to prove that they have a certain income level in order to support you. By signing this, your sponor is then fully liable to support you in every respect until you finsih your studies. The government will ask them to pay for any emergency you may have or deportation from the country if you mis-use your visa for example by working during the language Course.
- As most students do not have such a contact person/friend in Germany, they must open a Blocked Account (Sperrkonto). Into this account you must deposit EUR 8820 (net of bank transfer costs). Here are some important things to be aware of for this account:
- This bank account is opened in your name - it is your money in a German bank account
- You must show that this account has been opened and filled in advance of your visa application/interview
- If your visa is refused then you will get a refusal letter from the German Embassy - with this the bank in Germany will return your money from the blocked account to your account at home.
- When you get to Germany you are only able to withdraw EUR 735 per month - this is your living money - so to say.
- Once this EUR 8820 has been used up (after 12 months) - you will need to fill it up again to get your visa extended for another 12 months, unless you are in University by then and can show a work contract that gives you Minimum EUR 735 per month.
There are several options when opening a blocked account in Germany that we can recommend:
1. Coracle GmbH - this bank is the only one that returns all fees, including the account opening fees, in case the visa is refused.
2. Fintiba Bank - German Online Bank - part of Deutsche Bank, with a monthly fee
3. PSD Koblenz - a local Bank in Koblenz - we can help you organise this if you wish
4. In India the Kotak Bank - works but often causes students problems when they arrive in Germany as it can take up to 8 weeks for Kotak to transfer your money from India to Germany - so you need to bring a lot of cash with you to survive the first 2 months.
If you have more qestions about this - we will advise you.