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Setting Up Your Blocked Account for a Master’s in Germany

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January 31, 2025

Setting Up Your Blocked Account for a Master’s in Germany

If you’re planning to pursue your Master’s in Germany, one of the essential steps in your visa process is setting up a blocked account. While this may seem complicated at first, don’t worry! Safeland International is here to guide you through the process, making it simple and hassle-free.

Blocked Account for a Master's in Germany

How to Set Up Your Blocked Account – A Step-by-Step Guide

What is a Blocked Account?

A blocked account (Sperrkonto) is a special type of bank account required for international students from non-EU/EEA countries. It serves as proof of sufficient financial resources (Finanzierungsnachweis) to cover your living expenses in Germany, ensuring that you can support yourself during your studies.

The reason it’s called a “blocked” account is that there are withdrawal restrictions—you can only access a fixed amount each month. This guarantees financial stability throughout your stay and increases your chances of visa approval.

Why is a Blocked Account Necessary?

The German government requires international students to show proof of financial stability. As of now, students must deposit a minimum of €11,208 for one year, allowing them to withdraw €934 per month. However, new regulations are expected from 01 September 2024, increasing the required amount to €11,904 per year, with a maximum monthly withdrawal of €992. Always check the latest requirements with the German Embassy or Consulate before proceeding.

Choosing the Right Blocked Account Provider

There are several providers offering blocked accounts, and choosing the right one is important. Here’s what to consider:

  • Fees and Charges: Compare setup fees, maintenance fees, and transaction costs.
  • Processing Time: Some providers process accounts faster than others.
  • Customer Support: Ensure you choose a provider with reliable customer service in case you need assistance.
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How to Set Up Your Blocked Account – A Step-by-Step Guide

Step 1: Gather Your Documents

Before applying, make sure you have the following:

  • Valid Passport
  • Admission Letter from your German university
  • Bank Statement (if required for verification of funds)
  • Proof of Address (depending on the provider)

Organize these documents to make the application process smoother.

Step 2: Apply for a Blocked Account

Most providers allow online applications. Follow these steps:

  1. Visit the Provider’s Website: Go to the official site of your chosen blocked account provider.
  2. Fill in the Application Form: Enter your details and upload the required documents.
  3. Verification Process: Some providers may require additional verification through a video call or other means.
  4. Submit Your Application: Double-check all details before submitting.

 

Step 3: Transfer the Required Amount

Once your account is approved, you will receive your IBAN and further instructions. Transfer the required amount using a bank or an international money transfer service.

Tips for a Smooth Transfer:

  • Use a Trusted Bank: Ensure your bank supports international transfers efficiently.
  • Double-Check Account Details: Incorrect details can delay the process.
  • Consider Transfer Fees and Exchange Rates: Choose a service with low fees and favorable exchange rates.
  • Plan for Processing Time: International transfers can take a few days to process.

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Conclusion

Setting up a blocked account is a crucial step for your Master’s in Germany, but with the right information and preparation, it can be a smooth process. Safeland International is here to assist you every step of the way, ensuring you meet all requirements for a successful visa application.

Start early, choose a reliable provider, and follow the steps carefully. If you need expert guidance, feel free to contact Safeland International for professional support in your study abroad journey!

“Welcome to Safeland International – Best German study abroad consultancy,  your dedicated partner for turning academic dreams into reality in Germany! At Safeland, we’re driven by the belief that education transcends borders. Our passion lies in guiding ambitious students, like yourself, on the enriching journey to secure admissions in prestigious German public universities. Safeland International is the top German Language Institute in Kerala, empowering you to achieve fluency and success in Germany.”

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