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German Blocked account

Officially approved by the German federal Foreign Office.
Open Blocked Account at Germany before travel. Open Blocked Account

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READY TO OPEN BLOCKED ACCOUNT?

REMITX lets you open a Blocked Account in Germany in less than 15 minutes.
Open Blocked Account at Germany before travel. Open Blocked Account

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Zero additional charges to fund Blocked account


Open Blocked Account at Germany before travel. Open Blocked Account

WHY REMITX BLOCKED ACCOUNT

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Fastest Blocked Account opening
Officially approved by the German Federal Foreign Office
Completely Technological Driven
Highest security guarantee
Trusted German partner bank
The only Blocked account with in-built Funding option
Complete END TO END SOLUTION

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A Blocked Account is a special account in the Federal Republic of Germany which serves foreign students as evidence of sufficiency of their financial means for their stay period. It is made mandatory by German embassy for all the type of travelers who wish to relocate to Germany for various purposes like, education, job etc. The account has to be opened at a German bank while you are still at your home country preparing your documents. 863 euros have to be blocked for every month that you are planning to stay in Germany.

REMITX in collaboration with Eric Neuendorff provides Blocked Accounts (Sperrkonto) to the students traveling to Germany through Eric Neuendorff Law Firm. REMITX is authorized by the German Ministry of Foreign Affairs to provide International students with blocked accounts. REMITX, a brand name of Capital India Finance Limited, in association with Eric Neuendorff provides a platform for the students from across the globe to open and manage their block accounts as per their travel purpose.

Blocked Account - Financial Proof
To issue a visa for Germany, a proof of adequate financial means is required. This implies that the student needs to be in the position to secure living expenses for the period of studies in Germany. At the time of application for a visa the students need to prove a monthly allowance of at least € 863.00 for the first academic year of the studies (in total € 10,356.00). The easiest way to do so is by opening a Blocked Account in Germany. A Blocked Account is a special form of bank account, which is used by students to demonstrate proof of sufficient financial means to afford their studies in Germany. With REMITX students can open the account completely online and in the fastest way possible. Duration and blocking amounts can be set according to the requirements of embassies or local foreigners authorities. Money which is deposited in this account cannot be withdrawn until the arrival in Germany to secure financial stability. Read more...

PROCESS FLOW

Step 1

Register for GBA with document

Step 2

Download Account Confirmation

Step 3

Fund Blocked Amount

Step 4

Receive your blocked amount confirmation

Step 5

Apply for Visa

Step 6

Arrive in Germany

Step 7

Activate your Blocked Amount

Step 8

Receive you Monthly Blocked Amount in your German Bank



FAQs

In order to enter the Federal Republic of Germany, citizens from Non - European Countries need an entry visa. This visa will only be granted by the Foreign Office of the Federal Republic of Germany, if the intended traveller can prove sufficient funds for the duration of his stay in Germany. Proof of this is provided by presenting a so-called blocked account. A blocked account is a special type of bank account for international travellers like students in Germany, to prove that they have enough financial resources to live in Germany for one year during their student visa application.
A blocked account is only one way of proving that your financial standing is as required. With that said, there may be other forms you prove it, but you need to ask at the German consulate beforehand. For example, you may have a relative residing in Germany who guarantees he will cover the cost of your stay in Germany.
The amount of money you need to have while residing in Germany is set by the Bundesausbildungsförderungsgesetz (abbreviated as BAföG). The BAföG is the regulator and at the moment, the amount of money they have set as required to study in Germany is 863 € per month or 10,356€ per year. Although, many students often choose to deposit more than the minimum amount required to increase their chances of getting their student visa approved.
Yes, you can. This is only the minimum amount of money required from you to apply for your student visa. The German government wants to ensure that you have the necessary funds to live in Germany for at least one year.
Yes, REMITX blocked bank account charges you an initial admin fee (setup fee) for its service.At present the initial fee is set as 89 Euro.
Yes, REMITX blocked account will charge you for their services a low monthly fee. At present the monthly service fee is set as 5 Euro.
It takes just "Three steps" to open and operationalize your REMITX blocked account. The Blocked account process is completely online with an end-to-end solution. The Three steps are Create, Fund and Manage your Blocked account.
Unfortunately, there are limitation to speed up your procedure of opening a blocked account. You can open your blocked account within 24 hrs on a working day, however, to fund the blocked account it may take more than 48 hrs depending on the time taken by your bank to remit the funds to REMITX Blocked account. Therefore, it is always advisable to start the Blocked account opening process at the earliest.
German Blocked account can be opened with just two documents as below:

• Students PASSPORT copy
• University Letter.

In certain countries, REMITX helps the students to Open, Fund and Manage their blocked account. For funding and managing blocked accounts the students are required to submit additional documents as per AML and KYC compliance of their home country. These additional documents may be as below:

• Address Proof in India
• Recent passport size colour photograph
• PAN or Tax No or Social security No.
If your visa application is rejected by the German embassy in your home country, you will be refunded. All you need to do is log on the website and update the Visa status as rejected, upload your Visa rejection letter and click submit. We will ensure that the fund is refunded to your account held in India in INR as per prevailing Market rate. Note, however, that transfer fees, will have to be borne by the student.
REMITX Blocked account is an end-to-end Blocked account solution for the students traveling to German. It means, when you choose REMITX blocked account, the process system helps you to fund and manage your blocked account as well. The source of Money ought to be asper prevailing KYC guidelines of your home country. REMITX strictly adheres to the rules and regulations of the student home country. for example, In India it is mandatory that the funds are originated from the students OR from their blood relatives bank account only.
German Blocked account is regulated by German Laws and regulations. Third party sponsorships to Blocked account are permitted as per the German regulations. REMITX, in accordance with the German Regulations allows Third Party to fund German Blocked Account. In such cases REMITX is entitled to ask for additional documents to establish the funding of the said Blocked account. It must be also noted that the funding process is strictly as per the student home country KYC regulations. Both these two conditions need to be satisfied for acceptance of funding for the blocked account. For example, as per RBI guidelines, it is mandatory that the funds are originated from the students OR from their blood relatives. Blood relatives as per RBI guidelines are defined as Grandparents, Parents, Brothers and sisters.
Yes, they are. The Association of Banks in Germany are participants of the Deposit Protection national scheme under which every German bank guarantees to protect deposits with up to 20% of their total capital.
The lists of the required documents to activate your REMITX blocked account are as below:

1. Visa Copy received by the German Embassy
2. German Bank Current Account held in Germany which includes IBAN and BIC code
3. Copy of your Entry stamp in your passport
4. Copy of yourregistration certificate(Meldebestätigung)
5. Copy of certificate of enrollment (Immatrikulationsbescheinigung)
Opening REMITX blocked bank account has never been so easy. click REMITX and follow these steps:

1. Click products and select REMITX blocked account.
Create your blocked account online
2. Enter your basic details. (email id and Mobile no will be your registered details by default)
An OTP will be sent to your registered email id / mobile no.
3. Enter OTP for authentication and enter or calculate Block amount as per your stay plan
4. Complete your personal details and upload documents wherever requested

5. Documents required to upload for Foreign Students are as below:
a. Passport Copy
b. University Letter
c. Recent passport size colour photograph
6. Documents required to upload for Indian Students are as below
a. Address Proof in India
b. University Letter
c. Recent passport size colour photograph
d. Passport copy Identity page (front size) and address page (Back side)
e. PAN

Your Blocked account will be created and sent to your registered email id. Alternatively, you will also receive an email link to download Blocked account confirmation from your REMITX "My Account".
Log in to your account with your registered email id and click “My account” to deposit funds in your Blocked account

For Indian Students:
1. Update Visa status as received and upload the Visa in the system
2. Click "Pay now" and select branch closest to your location
3. Select your preference for document verification and proceed for online payment
In case of Education Loan, you can also transfer “Payment instruction” to your education loan provider
4. Receive an SMS and email confirmation on the receipt of your funds
On receipt of funds, an email link will be sent to your registered email id to download your BLOCKED AMOUNT CONFIRMATION within 24 working hrs.
5. Alternately, log in to your Account to download your BLOCKED AMOUNT CONFIRMATION from "My Account".
You can activate your blocked account only on Arrival in Germany. Log In to your REMITX Blocked account portal and upload below documents to activate your account.

a. Visa Copy received by the German Embassy (If Not uploaded earlier)
b. Current bank account details held in Germany which includes IBAN and BIC code.
c. Copy of your Entry stamp in your passport
d. Copy of your registration certificate (Meldebestätigung)
e. Copy of certificate of enrolment (Immatrikulationsbescheinigung)
In Germany it is mandatory by Law to register your residence address or place of stay.The Meldebestätigung confirms that you registered your address in Germany. You get this document during your Anmeldung appointment.
You can get a Meldebescheinigung at the registry office (the “Bürgeramt”, the “Einwohnermeldeamt”, or the “Kreisverwaltungsreferat” if you’re in Munich or KVR or Kundenzentrum depending on the region or city. The procedure is simple: get an appointment at any Bürgeramt for "Meldebescheinigung beantragen”. You need to take a personal ID (such as your passport) and payment.Find your nearer registry office by inserting your postcode click here.
Meldebestätigung is often required to open a bank account (with some exceptions) or get a cellphone contract.
You receive an Anmeldebestätigung when you register your address in Berlin (this is called the Anmeldung). The document is printed out and given to you during the appointment.
The Anmeldebestätigung confirms that you registered an address on a certain date. The Meldebescheinigung confirms that you are still registered at this address. You only receive the Anmeldebestätigung once, but you can request a Meldebescheinigung anytime you want.
You can register your residence in Germany at Einwohnermeldeamt i.e. the local Resident Office Registration. It is recommended that you register your residence address within 2 weeks on your arrival in Germany. This is because REMITX blocked account will require a copy of the residence registration also known as Meldebestätigung, so you can open and activate your Students Current Bank Account and Tax No.Click on https://umziehen.de/ to get the location of the closest the registration office to your place of stay.
There are basic documents that are required for your registration of residence. The documents are as below:

a. Registration form(Anmeldung)
b. Valid passport
c. Rental contract (Mietvertrag)
d. Wohnungsgeberbestätigung (landlord’s confirmation of residence)
The visa you got from German embassy in your home countryis called student visa or entry visa. All international students must convert their student visa into study resident permit before student Visa expires. You can book an appointment online for applying the resident permit at the Foreigner office (Ausländerbehörde) website. On appointment date, you need to present all the documents as required to the officerand on satisfactory your residence permit (Aufenthaltstitel) will be provided on your passport.
The documents required for Residence Permit is as below:

1. Passport with a valid student visa
2. Statutory Health Insurance certificate (Versicherungsbescheinigung)
3. A biometric photograph
4. Student ID / certificate of enrolment
5. Blocked account amount certificate Form no 6.
6. Confirmation of registration (Meldebestätigung) from the Residents Registration Office
7. Rental agreement orMietvertrag with the landlord
8. Application for a residence permit
The certificate of enrolment is a documentary evidence of you being a student studying in Germany. It is also required for submission along with other documents when you visit the local Resident Registrationoffice for registration of your place of stay.
The documents required for enrolment are as below:

a. Personal identification card or passport
b. Notification of admission
c. University entrance qualification: the original or a certified copy with a certified translation in German
d. passport size photos
e. Confirmation of SHI coverage by a public health insurance provider in Germany.
After submission of all the documents, you will receive a letter of confirmation which is your temporary student ID. The student card(Student ID) and certificate of enrolment (Immatrikulationsbescheinigung) will be received after few weeks through post.
Getting biometric pictures taken in Germany is really easy. There are two easy methods as below:

1. At FotoFix machine: All you need to do is to find a FotoFix machine, insert 6 € in coins and sit tight for a few seconds. The machine will print 4 copies of your passport photo a minute later. These biometric photos are accepted for most German document’s offices, including visas, driving licences and passports.

2. At the Bürgeramt/Ausländerbehörde: You can also find passport photo kiosks at the Bürgeramt. Find your Bürgeramt or Ausländerbehörde, then look for Fotoautomat on the information page.The machine will print 4 copies of your passport photo which are accepted for most German document’s offices, including visas, driving licences and passports.
In Germany, the health insurance is obligatory for all the residence including students. Most of the people in Germany hold public health Insurance or Statutory health insurance or GesetzlicheKrankenversicherung (GKV).
After getting insured with the public insurance company you will get the certificate of insurance (Versicherungsbescheinigung) which is necessary for the process of enrolment (Immatrikulation) at the university.
In SHI Family members (non-working Spouse, Children’s) of the insured person will also be insured for free. In case she is a working spouse then she has to be insured separately.
The statutory health insurance (SHI) in Germany is based on the solidarity system. This means, the contributions (Premium you pay every month) are based on income and not based on risk. Statutory health insurance is suitable for everyone and provides the same service to all its members regardless of contribution (Premium) and also all the basic medical necessities are covered.
The SHI providers in Germany are obligated to offer an affordable tariff for students. Once after you switched to private health insurance it can be difficult to switch back to Government health insurance in the future.

Many students in India registered with public health insurance before arriving in Germany.
The Health Insurance will be charged to the student on a monthly fee basis. The monthly fee is regularly due to be paid in at the 15th of every month for the past month. Thus the premium of the statutory Health Insurance is always paid in arears.



Open German Blocked Account via RemitX

Students from India can easily open their blocked bank accounts before travelling to Germany. Are you searching for the best services provider to open a blocked account for Germany from India?  Don’t worry, you are on the right platform, Remitx supports you to open Blocked Account for Germany from India.

Remitx will also provide important information to open a standard bank account. Our administration system acts as an official mediator between you and a German bank. The reason for this is that no German bank works with potential or new clients online. For a German student visa, a blocked bank account is required.

 

The Importance of German Blocked Account: 

  • In order to apply for a visa, they will need you to register and open a German blocked account in India.
  • Many of you are probably wondering!  How will you be able to do that because any respectable bank requires you to apply?  RemitX has solutions for you to open a blocked account in Germany before you apply for your Visa.  These options are mandatory for students to demonstrate their financial capacity.
  • According to German Legislation, all non European travellers have to show the financial means for their living expenses in Germany, before applying for Visa to travel to Germany.  RemitX will assist you with a minimum annual amount for a blocked account and a maximum of what can be withdrawn every month by students.
  • The most successful technique to establish your financial position for the German study visa is to open a Blocked Account in Germany. All the money will be deposited into your German bank account for your living expenses for the entire year.
  • RemitX experts help the students to open a blocked account as soon as they receive their letter of acceptance. This full process to open German Blocked Account can take 2 to 3 weeks, and an additional 4 weeks for processing Visa.


RemitX Provide Support for the Process of Opening your Blocked Account: 

  • The process to open a blocked account in Germany is easy and hassle-free. Remitx provides this service by guiding you at every step on their specially designed Portal.
  • RemitX organization is able to provide you with approval of your blocked account which is legally accepted by the German Federal office.
  • Our experienced team also offers Travel insurance, which you will need in order to apply for a Visa.
  • Unless you extend your German blocked account India with Remitx for extension of Visa, your blocked account with Remitx will be automatically canceled once you have completed your studies.
  • RemitX will support you to finish the complete process of creating a blocked account online.
  • RemitX will guide you through the whole procedure, and an account in your name will be created.

 

The majority of students have already opened Blocked Account for Germany from India service. Our organization is known for the speed of the process and affordable cost. Why are you waiting for a long time? Hurry Up! We have a practically experienced team waiting to assist you.

Know before you begin