Is it possible to study in Germany without a blocked account?

Studying in Germany without a blocked account is possible if you can prove that you have sufficient funds by providing one of the following: A document of your parent’s income and financial status. Scholarship Certificate from a recognized scholarship provider.

How much money do I need to block to study in Germany?

A German blocked account is a special account, in which the visa applicant needs to transfer at least 10,332 euros in order to prove they have the means to finance themselves throughout the first year of their studies. This amount will be blocked in the bank until the student’s arrival in Germany.

How can I get German student visa without a blocked account?

Studying in Germany without a blocked account is possible if you fulfill one of the requirements listed below:

1. Scholarship from an educational establishment (full list of scholarships is available here).
2. Confirmation of government funding or approved student loan in Germany.

How much bank balance is required for Germany student visa?

Before you begin your studies, you will have to prove that you have enough money to support yourself. The document you need is called a “Finanzierungsnachweis”, or proof of financial resources. In most cases, applicants have to prove that they have around 10,332 euros at their disposal for one year.

Which bank is best for students in Germany?

List of Best Banks for Students and Trainees

• N26.
• DeutscheBank Das Junges Konto.
• DKB-CASH.
• Postbank Giro plus.
• Volkswagen Young Giro.
• 1822Direkt Girokonto Studenten.
• Commerzbank Startkonto.
• Targobank Starter-konto.

Do we need blocked account for 2nd Year in Germany?

Do I Need a Blocked Account for the Second Year of Studies? The official requirement for a German student visa is that you need a blocked account only for the first year of studies.

How much is Germany blocked account?

If your documents are in order, the bank sets up a blocked account for you. This costs a one-time fee of 50-150 euros. As soon as your account is ready, you have to deposit at least 10,332 euros into it. Once you’ve arrived in Germany, you should make an appointment in a branch office of your bank.

What is block account?

Very broadly, a blocked account refers to an account that does not allow for unlimited or indiscriminate withdrawal or other access but instead has certain restrictions or limitations on when, how much, and by who, capital can be withdrawn. If an account becomes completely blocked, it is said to be “frozen”.

Can a foreign student open a blocked bank account in Germany?

How To Open a German Blocked Bank Account (Sperrkonto) for Foreign Students. Under current law regulations in Germany, if you’re an international student coming from a non-EU or non-EEA country, then you must prove you have the financial resources (Finanzierungsnachweis) to cover your living expenses in Germany.

What is proof of financial resources for student visa in Germany?

Proof of financial resources is an important condition to get your student visa and your study residence permit. Read this article for detailed information about opening a blocked bank account in Germany. What is a Blocked Account? Is It Possible to Study in Germany Without a Blocked Account? How to Open a Blocked Bank Account in Germany?

How much does it cost to get a student visa to Germany?

From 1 January 2021, the amount required to be deposited into the German blocked account when applying for a student visa to Germany is €10,332 or 861€ per month for your planned stay (up to 12 months).

How long does it take to open a blocked account in Germany?

The time it takes to open a blocked account in Germany depends on factors like your nationality, the provider, the workflow of the German embassy in your home country, your paperwork, etc. If everything goes well, your blocked account should be ready within a week from the day you submit your application.