QUESTIONS? CALL: AUS: +61 424 295 050
PK: +92 21 37452000 | Mob: +92 330 9777709Book Online Counselling

Edvise Hub

  • Study Abroad
    • Study in UK
      • Why Study in UK?
      • Study option in the UK for International Students
      • UK Admission & Visa Process
        • UK GPA Conversion Table
      • Education and Living Expense in UK
      • Student work rights in the UK
      • Affordable cities of the United Kingdom for International Students
      • Best Universities and courses to study in the United Kingdom
    • Study in USA
    • Study in Turkey
      • Why Study Turkey?
      • Study Options in Turkey for International students
      • Live in Turkey
      • Turkey Admission & Visa Process
      • Student Work Right in Turkey
    • Study in Canada
      • Why Study In Canada?
      • Study Options in Canada for International students
      • Live in Canada
      • Canada Admission & Visa Process
      • Student work right in Canada
    • Study in Australia
      • Why Australia
      • Admission & Visa Process
        • Australia GPA Conversion Table
      • Live in Australia
      • Student Work Rights in Australia
      • Colleges & Universities in Australia
      • Document Checklist
      • Scholarship Documents
    • Study in Germany
      • Why Germany
      • Best Universities in Germany for International students
      • Germany Admission & Visa Process
      • Germany Education & Living Expense
      • Student work right in Germany
  • Services
    • About Us
      • Our Team
    • Free E-Books Resources
    • Admissions
    • Pre Departure Briefing
    • IELTS Australia
    • Visa & Immigration Services
      • Student Visa Australia
      • Parent Visa Australia
    • Institute Selection
    • Airport Pickup
    • Resume Writing
    • Education Counselling
    • Career Counselling
    • Student Tax Lodgement
    • Health Insurance
  • Tests
    • IELTS
    • TOEFL
    • GMAT
    • GRE
    • SAT
    • PTE
  • Scholarships
    • Scholarship in Canada
    • Scholarship in UK
      • Masters Scholarships in UK
      • PhD Scholarships in UK
  • Degrees
    • Foundation
    • Diplomas
    • Undergraduate
    • Postgraduate
    • PHD
  • Blog
  • Our Mentors
  • Contact Us
SubmitForm

German Blocked Account

by Hamza / Tuesday, 01 November 2022 / Published in Education Blog, Germany

Table of Contents

  • What is a Blocked Account?
  • How can you open a Blocked Account in Germany?
  • Expatrio
    • Opening a Blocked Account with Expatrio Advantage:
  • Fintiba
    • Opening a Blocked Account with Expatrio Advantage:
    • How to open a Blocked Account at Fintiba/Sutor Bank
  • Coracle 
    • Opening a Blocked Account with Coracle Advantages:
  • How much money can I withdraw from my Block Account?

What is a Blocked Account?

As Germany provides you with an opportunity to study there without any tuition fees. The German blocked bank account (Sperrkonto) is where the student aspiring to study in Germany deposits money to provide proof of financial resources for living in Germany for a year and it is a requirement when applying for a German student visa or a student residence permit. As of the 2022 winter semester, the annual requirement that must be paid into the Blocked Account when applying for a visa is 11,208 euros. (2,484,746 PKR)

How can you open a Blocked Account in Germany?

There are three ways to open a German Blocked Account, applicants use these three digital companies, Coracle, Expatrio, and Fintiba. Through these German providers, you will be able to make your Blocked Account online and in English.

We will provide you with a detailed overview of the best-Blocked Account in Germany

Expatrio

The young and modern company specialises in assisting students and job seekers in obtaining their German visas. With its Value Package, the website provides various perks, such as free incoming travel insurance for up to 92 days, easy sign-up for public health insurance with Techniker Krankenkasse, and a free ISIC student card for a year.

Expatrio has a very low set-up fee of 49 euros; however, they also charge 5 euros monthly service fee, which you need to deposit in advance. This means for 12 months of a Blocked Account with Expatrio will cost you 109 euros.

Opening a Blocked Account with Expatrio Advantage:

  • It is approved by the German Federal Foreign Office
  • The Blocked Account will be on your own name and with German IBAN
  • Only 49 euros set up fee per year
  • Value Package
  • Customer service via email and phone and guarantee response within 24 hours
  • Money-back guarantee  in case of visa denial
  • The website is available in three languages: English, Chinese, and Korean.
  • Tutorials on how to open a block account on Expatrio’s YouTube channel.

Fintiba

Fintiba, founded in 2016, is another young and modern company that distinguishes itself from Expatrio and Coracle by providing the Fintiba app, via which you may open your Blocked Account, submit your documents, and manage your payments once in Germany.

The Fintiba Plus package includes a Blocked Account, DAK health insurance, and free travel insurance. They also provide a Rent Deposit Guarantee, Fintiba Transfer, Language Learning Offers, and a free ISIC card for three years.

Fintiba works directly with the German Sutor Bank, unlike other Blocked Account providers that operate via financial service providers. The additional security measures are reflected in the cost, with the Blocked Account charging 89 euros for setup and 4.90 euros monthly.

Opening a Blocked Account with Expatrio Advantage:

  • It is approved by the German Federal Foreign Office
  • The Blocked Account will be on your own name and with German IBAN
  • Fintiba Plus package
  • Customer service via email and phone and guarantee response within 24 hours
  • Fintiba application
  • Available for minors
  • The website is available in three languages: English, Chinese and Spanish
  • Works directly with the German Sutor Bank
  • Tutorials on YouTube channel.
  • Deposit more than the minimum 11,208 euros per year

How to open a Blocked Account at Fintiba/Sutor Bank

As Fintiba is the most favourable among the international students, we will write down the whole process of opening a Blocked Account for you. The Fintiba WebApp will guide you through the process step by step and the account will be opened in your name. 

  • You will need to fill out the application form, you need to provide your details and verify your identity by scanning your valid passport. Once the verification process is completed, your block account is opened.
  • Now you need to deposit the required amount of money and this could take up to 5 days for the transaction to be completed.
  • Fintiba will automatically send a confirmation email as soon as your deposit is accepted. Now, your Blocked Account is activated.
  • Now you can print out the confirmation email and arrange an appointment at the German Embassy and submit the printed email to prove your financial resources. And that’s it! Once you arrive in Germany, you need to open a current bank account at any bank and your monthly stipend will be transferred from your Fintiba Blocked Account. 

You can find detailed information regarding opening your Blocked Account on the Fintiba website and if you have any questions they offer a free consultation.

Coracle 

The third firm is Coracle, which was established in 2016. The company began as a health insurance broker before adding the Blocked Account to its portfolio in 2018. The Coracle Blocked Account has a set-up price of 99 euros and no monthly fee. If you are a master’s or bachelor’s student, you may take advantage of their PRIME package, which includes a Blocked Account, free travel insurance for up to six months, and an easy sign-up for public health insurance for only 59 euros per month with no extra monthly fee.

Coracle allows you to pick between different German public health insurance funds, such as TK, Barmer, and AOK when adding health insurance to your Blocked Account.

Opening a Blocked Account with Coracle Advantages:

  • It is approved by the German Federal Foreign Office
  • The Blocked Account will be on your own name and with German IBAN (most nationalities)
  • No monthly fee
  • Fast customer service via email and phone and guaranteed response within 24 hours
  • PRIME package for BA and MA students with a set-up fee of 59 euros.
  • Available for minors
  • The website is available in three languages: English, Russian and Spanish
  • Money-back guarantee in case of visa denial
  • Deposit more than the minimum 11,208 euros per year

How much money can I withdraw from my Block Account?

You will be allowed to withdraw up to 934 euros every month, but not more. Depending on your preference, you can withdraw this amount all at once or in instalments.

Our expert consultant will help you through the whole process of opening a Blocked Account. So if you are struggling with this then book a session with us and let us take care of everything.

  • Tweet

About Hamza

What you can read next

Career within Technology
Career within Technology
How to Choose Your UndergraduatePostgraduate Thesis Topic
How to Choose Your Undergraduate/ Postgraduate Thesis Topic
HOW hard is the GRE
How hard is the GRE?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse Blogs by Countries





A Whole world of Opportunities Awaits You

IELTS | PTE | TOEFL | Undergraduate | Postgraduate | PH.D | Select Your Program

Apply Now
Whatsapp Now

LASTEST POSTS

  • Navigating the Course Transfer Process

    Navigating the Course Transfer Process

    During the course of your college degree, if yo...
  • Choosing the Right Course for Your Student Visa Australia Application

    Choosing the Right Course for Your Student Visa Australia Application

    Are you considering applying for a student visa...
  • Cost of Study in UK and University Fees for International Students

    Introduction: The Cost of Studying in the UK as...
  • UCAS Clearing – Application, Process, Options & How it Works?

    Introduction to UCAS Clearing UCAS stands for t...
  • Canada Scholarships for Pakistani Students 2023-2024

    Canada Scholarships for Pakistani Students 2023-2024

    Canada Scholarships for Pakistani Students If y...
  • Overview of the 485 Visa Australia What it is and who is eligible

    Overview of the 485 Visa Australia: What it is and who is eligible?

    Introduction to 485 Visa Australia As an intern...
  • Top Cheapest Universities in UK for International Students

    Top Cheapest Universities in UK for International Students

    Studying in the UK is a dream for many students...
  • Applying for Scholarships to Study in Canada: A Step-by-Step Guide

    Applying for Scholarships to Study in Canada: A Step-by-Step Guide

    Introduction: Why study in Canada and the impor...
  • The Art of Letter Writing A Beginner's Guide

    The Art of Letter Writing: A Beginner’s Guide

    Introduction to Letter Writing In the age of em...
  • How to Get a Student Visa for Studying Abroad

    How to Get a Student Visa for Studying Abroad

    So, you want to study abroad in a foreign count...
Study Abroad

Internships

Our Mentors

Free E-Books

EdviseHub WhatsApp

Ask our team

Want to contact us directly? No Problem. We are always here for your

  • contact@edvisehub.com
  • Call (+92)-021-37452000

About Us

EDVISE HUB is a dynamic consultancy company for education and immigration abroad. We have a team of highly professional staff who are committed to working together in order to provide unbiased guidance and counselling services to students who wish to study abroad… Read More

 

 

Study Abroad

  • Study in UK
  • Study in USA
  • Study in Turkey
  • Study Canada
  • Study in Australia
  • Study in Germany

Test

  • IELTS
  • PTE
  • TOEFL
  • GMAT
  • GRE
  • SAT

Our Services

  • Career Counselling
  • Institute Selection
  • Statement of Purpose
  • Admission & Visa Process
  • PhD Application Guide
  • Essay Review
  • Online Tutoring
  • Mentoring

Scholarships

  • Scholarship for Australia
  • Scholarship for Canada
  • Master Scholarship for UK
  • PH.D Scholarships for UK

Overview

  • Become a Tutor
  • University Profile
  • Country Profile

Degree Details

  • Foundation Program
  • Diplomas Programs
  • Undergraduate
  • Postgraduate

Important Links

  • Student Visa
  • Courses Detail
  • Australian 476 Visa
  • Guide on How to Apply for PhD Application
  • Reviews
  • Events

Get in Touch

  • Email: contact@edvisehub.com
  • Australia Office Level 2, 696 Bourke Street VIC 3000, Melbourne, Australia Mobile: (+61)-424-295-050
  • Pakistani Office Level 1 62-C Commercial Area 'A' DHA Phase 2, Karachi, Pakistan Mobile: (+92) 0330 9777709

    Landline: (+92) 021-37452000

  • GET SOCIAL
Edvise Hub

Edvise Hub © 2023 All rights reserved. A website by NIFTY Consultants. | Become our Partner Partner with Us

TOP

Mahreen Malik

Research Analyst

Responsible for conducting thorough research on financial markets, capital budgeting, accounting issues, business law, economics and management related areas. Driven with motivation and committed towards guiding students in their areas of concern regarding educational institutions choice across Germany, Australia and UK. I’ve been conducting research regarding new scopes, area of studies, fee structures and amenities provided for international students by the Universities in Germany, Australia and UK. Bring up your concern and let the discussion begin!.

 

Contact Mahreen Malik

*
*
*
*
*

Phone: (+92)-021-35896409

Email: mahreen@edvisehub.com

Fahad Shamim

Founder / Senior Education Consultant

Master of Science – Leadership
Northeastern University

Master of Commerce – International Business
Swinburne University

Master of Professional Accounting
Victoria University

 

Contact Fahad Shamim

*
*
*
*
*

Phone: (+61)-424-295-050

Email: fahad@edvisehub.com

Khurram Shamim

Senior Education Consultant

 

 

Contact Khurram Shamim

*
*
*
*
*

Phone: (+92)-021-35896409

Email: khurram@edvisehub.com

Kiran Tariq

Education Consultant

As a research analyst, I am responsible for researching, analysing, interpreting, and presenting data related to markets, operations, finance/accounting, economics and other information related to the field they work or study in. I possess very strong quantitative, analytical, logical and good data managing skills. Due to my excellent written and verbal communication skills I have been successfully presenting as a Career Consultant. From basic career advice to students of all academic level till visa application process, I take it all with successful acceptance rates. So, if you are planning to pursue your degree in Australia, UK or Canada, for promising results, I can be a perfect choice. Everything is possible at Edvise Hub domain. So, if you want a one window solution, come join us for better and bright future of yours.

 

Contact Kiran Tariq

*
*
*
*
*

Phone: (+92)-021-35896409

Email: kiran@edvisehub.com

Apply Now

textbox6000
textbox5890
textbox8253
textbox2061

‹›×

    Contact Mentor
    *
    *
    *
    *
    *

    Tutor Name 

    textbox8564
    textbox2412
    textbox8986

    ‹›×

      Terms and Conditions - Privacy Policy