German blocked account or proof of financial means is amongst the most important requirements for a German student visa, for residents of non-EU countries who wish to study in Germany
Proof of financial resources is an important condition to get your student visa and your study residence permit.
Firstly, the German blocked bank account (Sperrkonto) is designed to serve international students and job-seekers as proof of financial resources for living in Germany for a year and is a requirement when applying for a German student visa or a student residence permit
It’s known as a “blocked account” because the money deposited into the account cannot be withdrawn until the account holder arrives in Germany.
From 1 January 2021, the annual requirement that must be paid into the blocked account when applying for a visa is a minimum of 10,332 euros.
Secondly, Yes you can study in Germany without a blocked account if you can provide proof of financial resources by providing one of the following:
Previously, a German blocked account was only offered by Deutsche Bank, a renowned, fully licensed German bank. Since then, a few more established providers have entered the market, offering online solutions for blocked accounts and other services that complements it. Most of these providers don’t act as a bank themselves but work with a partner bank or a financial service provider. Here are some of the most popular blocked account providers in Germany:
Mango Pay (Luxembourg) as a financial service provider with BNP Paribas France as custodian
Lemonway (France) as a financial service provider with BNP France as custodian
Fully licensed German bank
Listed by German Federal Foreign Office
Accepted by local foreign offices
Online document exchange
Account opening offline and via courier.
Secure mobile and web application
Set Up Fee
99 € (Coracle Basic)
Account Opening Time
10 minutes with automated AI-identification
One working day.
One working day
International bank transfer, SEPA
Option A: Fintiba Transfer: Third-party transfer via partner xCurrency and Transfermate. (including credit card payment option): 1-3 working days
Split into several transfers possible in exceptions
Option B: SEPA transfer; duration: same day to max 1 working day
Option C: International Bank transfer (1-2 weeks)
Option A: Transfer via transfer provider Cohort Go, Instarem, Moin (Korea);
Duration: 3-5 daysEverything must be transferred in one transferOption B: SEPA transfer; duration same day to max 1 working day)
Option C: International Bank transfer
No integration of transfer provider
Option A: SEPA transfer; duration same day to max 1 working day
Option B: International Bank transfer
Wide range of currencies supported with Fintiba Transfer
Through Cohort Go, several local currencies are available. If local currency not available, then EUR or USD.
Blocking Confirmation Issuance
After receiving the full blocking amount, the student and the German embassy automatically receive a confirmation by e-mail.
After 1-3 days, depending on the transfer option
Instant issuing after money arrival
After 1-5 days, depending on the transfer option
After 3-5 days, depending on the transfer option
Requirements for account activation in Germany
Account activation at local branch together with the provision of city registration certificate
Visa (or entry stamp) Upload
· Visa or entry stamp
· Current account opening confirmation
· City registration (or other proof of address)
· Visa or entry stamp
· City registration
Only for current account function, not blocked account processes
English, German, Chinese (QQ & WeChat support)
Chinese and English (QQ & WeChat support)
With Fintiba, you would only need an ID card or passport to register and create your account.
With Deutsche Bank: