After preparing your admissions’ application,as an international student you are required to provide proof that you have enough financial resources to support your education during your period of studies,you will need a proof of financial resources available at your disposal,a suitable document to present for this purpose is the blocked account.
International students that wish to apply for German visa for studies have higher chances for securing a student visa if they provide a blocked account with a minimum of 8,050 Euros in the blocked account,in one of the German financial institutions;doing this proves as a student you are both capable and ready for your studies and stay in Germany.
Opening the blocked account and presenting this document is one of the proofs of your ability to cover your financial expenses during your studies; allow me reiterate that your blocked account should prove you have a minimum of 8,050 euros at your disposal per academic year,this funds will be deposited into your blocked bank account held by one of the financial institutions in Germany.
OPENING A BLOCKED BANK ACCOUNT IN GERMANY
The process of opening a blocked account is an easy procedure but make sure it is done in advance because often times it take weeks and longer in few occasions.
Ensure you open the blocked account before filling a visa application or before the semester begins.You may open a blocked account through a German diplomatic office or through a German financial institution in your home country.
In either case, the Embassy or Consulate in your home country serves as an authority in the administrative procedure for opening a blocked bank account.
OPENING A BLOCKED BANK ACCOUNT THROUGH THE GERMAN DIPLOMATIC OFFICE IN YOUR HOME COUNTRY
Visit the German consulate in your country, you will be provided with very detailed and accurate information about how to open a blocked account. You will be required to provide information that you have enough finances to cover your tuition fees and expenses.
You should keep in mind as well you need to fund your expenses for every new semester.
When is the best time to apply for a blocked account?
There isn’t a best time to apply to apply; it is advisable to apply for blocked account before applying for visa.Holding the documents that confirms your blocked account will give you an edge when applying for your visa. Is it required to have an admission letter prior to applying for a blocked account? The answer is no. In fact the moment you decide to study in a higher institution in Germany and submit an admissions’ application, you may apply for a blocked account immediately, this gives you enough time ahead to get your documents in hand.
How do i withdraw my money from my blocked account?
Once you arrive in Germany schedule an appointment with a branch location of the bank you opened the account.A bank officer will be assigned to you and you will be provided with a card linked to your account, with your card you may withdraw your money with ease from ATM machines,you will also be provided with internet login access for your bank account so you can operate the account with ease without any form of discomfort.