How to open Deutsche Bank Blocked Account for Students
What is Blocked Account (Sperrkonto)
If you think that you can afford to finance your studies, than a Blocked Account or known in German as Sperrkonto is required.
It is required to have a minimum of 8040 Euros in your blocked account in one of the German banks and the maximum that you can withdraw is 670 Euro per month. (for more information about the exact amount – go to the Embassies websites). It is required to make this change so you will not be facing any problem in the future.
Blocked accounts should be opened while you are in your own country. Even though all embassies do not require this as some of them allow to take foreign DD of the worth amount and later on you can deposit that amount in one of the banks in Germany.
Note: It is better to consult in the embassy, they will give a better answer.
Is this money sufficient for entire duration of study?
Semester and Registration fees (Tuition fees) can go up to 700 €, this sum is higher than your monthly limit of withdraw in your blocked account. Based on that, if you do not have enough money with you, than you will not be able to pay your tuition and semester fees.
Note: Be sure to get enough money so you would be able to pay your tuition fees and other costs. Or better, put a higher amount of money than required in your blocked account so you can withdraw a higher amount.
Semester fees and some other costs should be paid on every new semester, so keep in mind that you should have enough money on your account to cover these expenses.
Best time to apply for a Blocked account?
So you are wondering when it is the best time to apply for a blocked account? Go apply before going to embassy, even better if you apply before taking the appointment as it is a prerequisite for Visa.
is it required to have a confirmed admission letter for Blocked account?
No.Confirmed admission letter is not required for blocked account. You can open a Blocked account before getting the admission letter.
How do i open a Blocked Account in Germany ?
To open a blocked account in Germany, you should find a bank in Germany (Any bank), use internet to obtain information about blocked account directly from the bank. Here we will cover the process of opening a blocked account in Deutsche Bank.
In this link you can get application forms from deutsche bank. Site: https://www.deutsche-bank.de/pbc/pk-studium-international_students_en.html
There are different application forms varying from your age (18 year older, or up to 18 Years)
Fill the application forms, put a signature and a copy of your passport certified by the German Embassy as it is instructed in the form. Attach your passport copy, signature and send the application form to this address (Deutsche Bank Address) in Germany.
Deutsche Bank Privat- und Geschäftskunden AG
Spezialservice Ausländische Studenten
Alter Wall 53
The above address is the address of a office in Hamburg which arranges the opening of your account with the office of your future residence and informs you directly by post and email about your account number, BLZ and IBAN of your new account. This process can take about 2-3 weeks, within 2-3 weeks your blocked account is opened.
Than, you transfer at least 8040 Euros + 50 Euro (as bank charges for account opening), than with that you can prove your account to the German Embassy on your country. In the mean time the Deutsche Bank will also inform the Embassy about your account.
The process of opening a blocked account in deutsche bank has changed now. you will have to follow the following procedure for opening an account:
.. ensure that you have a letter of acceptance from any university in germany
… you have passport
… you have filled the form available on the web
.. you should have passport
…you should have IELT certficate if you have to following the course in english
… passport size photo
… all the documents should have been attested by the respective authorized educational authorities of your country
After observing these formalities you should visit the Deutsche Embassy of your country where they will attest all your documents . Attach your degree, transcript and all other documents mentioned above with the Account Opening Form and sent it to Deutsche Bank Humburg Germany on the address to be given by the D. Embassy by email and post the hard copies by mail preferably by DHL. It will take about 5 weeks to open account. The bank will let u know both by email and by post.
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