Opening a Blocked Account

Opening a blocked account (also known as the Sperrkonto) in Germany is one way of funding your studies, and is required as part of the visa application process.
In order to open a blocked account in Germany, you are required to have a minimum of 8,040 euros in the account. This allows you to withdraw a maximum of 670 euros each month. For more information, visit the German embassy in your home country.

When should you open a Blocked Account?

Ideally, students should open the Blocked Account before getting an appointment at their local embassy. The whole procedure can take up to 3 weeks, and hence it is advisable that students take this factor into account in order to timely execute the whole process.
A letter of admission confirming a student’s admission in a university is generally not a requirement of opening a Blocked Account in Germany. Students can apply for opening the account before receiving the letter of admission.

How can you open a Blocked Account in Germany?

Students can open a blocked account at the “Deutsche Bank”. As mentioned earlier, it is advisable that students start applying well in advance as the whole procedure can be a little elaborate. To complete the account-opening process, please carry out the following procedure:
Please fill in the Deutsche Bank Blocked Account opening form available here exclusively via PC and in doing so, take the following points into consideration:

  • You must provide your home address and e-mail address.
  • Print out two copies of the application form (one of the copies is for your records).
  • The application form to open an account must be signed in the presence of an embassy official.
  • Hand in the completed application form to the local German embassy or German Consulate in person. This requires the student to obtain an appointment with the German embassy or the local German Consulate beforehand. Additional information is available on how to obtain an appointment with your local German embassy is available here. Please also bring along your passport and, if available, a letter of confirmation (copy) from your university/language school.

It should be noted that forms filled by hand are not accepted, and hence they should be filled exclusively via PC. Additionally, it should be kept in mind that the account opening form for students under the age of 18 and those over the age of 18 is different, and hence attention should be paid while choosing the appropriate form.
Once the embassy certifies the application form to open an account and the copy of your passport, the next step is to send all the documents (the certified copy of your official identification, the certified application form to open an account and where available, the letter of confirmation from your university/language school) to the address below:

Deutsche Bank Privat- und Geschäftskunden AG
       Ausländische Studenten
       Alter Wall 53
       20457 Hamburg

What is the next step?

Once the documents have been received, they are checked for accuracy, and a blocked account is subsequently opened. Once the account has been successfully opened, an email is sent to the student informing him of the account number and the IBAN code.
After receiving the account number and the IBAN code, the student can then transfer the mandatory minimum balance to his account, i.e. 8,040 euros. Once the money has been transferred to your account, a confirmation e-mail is sent to the student`s e-mail address, and the German embassy in the student`s place of residence is also notified.
Also note that Deutsche Bank does not accept payments by cheque. Furthermore, the bank charges a one-time fee of 50 euros as service fee, and so it is recommended that you take this fee into account while transferring your blocked amount.

After arrival to Germany

After arrival to Germany, the student should visit one of Deutsche Bank’s branch, where a member of staff will assist him to complete the service order. The service order is necessary in order to have your account start functioning.

In case you are denied visa to enter Germany, the following documents should be sent in order for the bank to execute the reversal transfer:

  • Lifting of the block on the account by the beneficiary of the blocking notice, or
  • A certificate issued by the consulate stating that the visa application has been denied, and
  • An order, signed by the student personally, to close the account (including the details of the bank account to which the money should be transferred). The student is required to send the original versions of the documents (not by e-mail or fax) to the address in Germany indicated above.

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