Wednesday, October 16, 2024

What is the good time to open block amount account in Germany. And when the fund should be transferred. Need guidance

Opening a blocked account (Sperrkonto) in Germany is essential for international students to prove financial sustainability. Here's guidance on timing and fund transfer:

When to Open a Blocked Account

1. Immediately after admission: Once you receive admission confirmation from a German university.
2. Before visa application: Typically 2-4 weeks prior to submitting your student visa application.
3. At least 8 weeks before arrival: To ensure timely processing and fund verification.

When to Transfer Funds

1. After opening the blocked account: Transfer funds within 1-2 weeks of opening the account.
2. At least 4-6 weeks before visa application: Ensure funds are credited and verified.
3. Before your visa appointment: Confirm funds are available in your blocked account.

Key Considerations

1. Fund transfer processing time: 1-4 weeks (varies depending on transfer method).
2. Verification process: 1-2 weeks (after fund transfer).
3. Visa application submission: Schedule your visa appointment after fund verification.

Recommended Timeline

1. Week 1-2: Open blocked account.
2. Week 3-4: Transfer funds.
3. Week 5-6: Verify funds and receive confirmation.
4. Week 7-8: Submit visa application.

Popular Blocked Account Providers

1. Deutsche Bank
2. Commerzbank
3. Sparkasse
4. Fintiba (specialized for international students)

*Required Documents*

1. Admission letter
2. Passport
3. Proof of financial means (e.g., scholarship, stipend)
4. Completed blocked account application

Additional Tips

1. Consult your university's international office for guidance.
2. Verify fund transfer and verification timelines.
3. Ensure accurate account information to avoid delays.

Key Contacts

1. German Embassy/Consulate
2. University international office
3. Blocked account provider

By following these guidelines, you'll ensure a smooth process for opening your blocked account and transferring funds.

Would you like information on:

1. Blocked account fees?
2. Fund transfer options?
3. Visa application procedures?

No comments:

Post a Comment

How to Apply For Dual Citizenship in Germany: A Step-by-Step Guide & My Experience

  This video is about applying for dual citizenship in Germany. The speaker is excited about the new dual citizenship rule launched on June ...