How to open a blocked bank account – Ultimate Guide

Student Survival Guide to Germany

How to open a blocked bank account

Student Survival Guide to Germany

Table of Contents

Short Overview: What is a blocked bank account

How to start

Where can you get a blocked bank account

Comparing Deutsche Bank and Finitiba

How to open a blocked bank account

Guide 1. How to open a blocked account from outside of Germany, if you are over 18

Guide 2. How to open a blocked account from within Germany, if you are over 18 years

Guide 3. How to open a blocked account from outside of Germany, if you are under 18 years

Guide 4. How to open a blocked bank account from within Germany, if you are under 18 years

Free Welcome Package


How to get a student blocked bank account in Germany 

Simply follow these instructions. And apply for your student blocked bank account today!

Some international students in Germany need a block bank account (Sperrkonto). You may need it to get a student visa and start your German degree.

It is important to start with all the necessary paperwork as soon as possible. Opening a German blocked bank account is something you want to do well in advance. 

But what is a “blocked” account and why do you have to open it in a German bank? 

Read on to find out all you need to know about block bank accounts, and how to open one!

Short Overview

What is a ‘blocked bank account’? 

A blocked bank account is called “Sperrkonto”. It is a German bank account that ensures that you have enough money to pay for your living expenses while studying in Germany. To show that you have enough money, you have to make pay in a large sum of money into this bank account before traveling to Germany. This deposit should cover your living costs for 1 year, or for the entire duration of your education in Germany. 

The exact deposit may change over time, for example, in 2020 your blocked bank account requires 10332 Euros as a minimum amount per year (or 861 Euros per month). The amount changes because costs for rent, food and transport as well as tuition costs and semester fees may slightly increase every year. 

To ‘block your money’ means you can withdraw only 861 Euros monthly from this account. It shows your ability to make all essential payments each month. 

861 Euros per month is an average minimum allowance that a student needs to live in Germany. Obviously, educational fees, renting prices and other expenses can vary. That is why it is better to plan your trip in advance and deposit some extra money, just in case. 

You will need a blocked account both if you apply for a student visa from your own country and if you apply from within Germany. 

Who needs a block bank account?

First you should check, if you need a block bank account. Your German embassy will be able to tell you. So, your very first step is to go to a website/call/visit your local German embassy. Learn more about the requirements for obtaining a German student visa in your country: 

  • find out if you have to get a blocked account; this depends on your nationality
  • find out how much money you have to deposit in the account

Important information for students from Sudan, Syria, Iran and North Korea:

Germany has put financial sanctions on Sudan, Syria, Iran and North Korea. German banks are not allowed to open accounts for citizens from these countries. Unfortunately, it is also true for people who wish to study in Germany. If you are a citizen of one of these countries, please contact your local German embassy to find out about terms and conditions. 

Where can you get a blocked account for students?

In Germany, there are limited options where you can apply for a blocked account. Two of these options are Deutsche Bank or Finitiba. 

In this guide I will tell you in detail how to open a blocked bank account at these banks.

Now let me summarise the information that I have found useful myself when I first open my blocked bank account in Germany. Here is a list that tells you a little more about the differences between the blocked accounts at Fintiba and Deutsche Bank.

Blocked accounts at Fintiba and Deutsche Bank

Fintiba (Open account here)

BenefitsImplications
– You can open a blocked account online
– Procedure lasts about one week
– Opening an account is possible before obtaining the invitation from educational institution
– 4,90 Euros a month to maintain the account 
– lack of ATMs where you can withdraw money (to withdraw money you must open another account at a German bank and transfer funds to this account. Then you can access your money).
– the fee for opening the account is 89 Euros
– it is not possible to open an account for under-aged students

Deutsche Bank (Open account here)

BenefitsImplications
– Secure and internationally-renowned bank in Germany and abroad Many ATMs across Germany
– under-aged students can open a blocked account 
– The bank is included in the Cash group – a group of the largest German banks. Funds from your account in Deutsche Bank can be withdrawn from the ATMs of other banks without extra fee.
– use the blocked account as a basic account (Girokonto), that is, be able to use the debit card to pay in shops, cafes, etc.
– If there is a Deutsche Bank representative office in your country, which opens blocked accounts, you can go there with both your parents. You must take your completed on-line registration form, your passport and a copy of the admission letter from your university.

– multi-stage procedure to open a blocked account
– to open an account is possible only with an invitation from the academic institution
– procedure lasts up to one month
– need to visit the German embassy in your country to certify an international passport (in case of under-aged students, the passports of both parents are required as well)
– the fee for opening of the account is 150 Euros

It can be helpful to find out, if there is a Deutsche Bank representative office in your country and if you can open a blocked bank account there. Perhaps just make an appointment online or by phone. When you go to your appointment, do not forget to take the following documents: 

  • your completed online registration form (important: The forms are different for students under 18 years old and for those who are 18 years and older. You will find both forms on the website or you can ask stuff member in a bank to fill it in directly at the branch);
  • your passport;
  • copy of the admission letter from your university.

If you are under 18 years old, both your parents need to accompany you. If you cannot open a blocked account in your country, follow the instructions further below. 

Step-by-step Guide

How to get a blocked account in Germany

Find out more about how to open a blocked account in Germany / from within your country. Please note that the procedure is different, if you are under 18 / already 18 years old.

Guide 1 is for under-aged students, Guide 2 is for the students above 18 years.

Guide 1. Opening a blocked bank account for students under 18 years. 

Easy Guide 1.  

How to open a blocked bank account from within Germany, if you are older than 18 years

  1. Choose a bank you where you would open a student blocked bank account. 
  2. Go to the branch of the chosen bank. Alternatively fill out the application form online, for example: 
    • At Deutsche Bank
    • At Finitba, you can use their online form to start the process.
      • Finitba Bank you can do all the steps online. Here is the link that explains the whole procedure
      • Further steps in this guide are for those who decide to open an account at Deutsche Bank:
  3. Fill in the form. Pay attention to the instructions. Be accurate, so you do not have to do it all over again even in case of a minor mistake. After you have filled in the forms, print 2 copies of them, but do not sign them at home! Do it only in the bank with the bank stuff in charge of your case. 
  4. Call any branch of the Deutsche Bank you would like to visit and make an appointment to open a student’s blocked account. It is also possible to make an appointment online
    • The website has an English version and most staff members can also speak English at Deutsche Bank. 
  5. Bring the following documents to your appointment:
    • printed forms of your application for the blocked account 
    • Your passport/ID
    • A copy of your local registration (Anmeldung)
    • Your registration for a studying program 
    • 10332 Euros in cash, minimum
    • 150 Euros for the opening procedure 
  6. Visit your bank with all available documents and say that you have an appointment to open your blocked account (Sperrkonto). On this day you can deposit a necessary amount of money and get a confirmation in the branch. With this confirmation you are able to get a visa. However, you will have to wait a month more to get your card and important account data. Keep that in mind. 
  7. Done! Now you can use your German blocked account. Congratulations! 

Easy Guide 2.  

How to open a blocked bank account from outside of Germany, if you are older than 18 years

  1. Choose a bank you would like to join to open a student blocked bank account. 
  2. Gather the most important documents to apply, i.e. a copy of your passport/id and an admission to the university program. 
    • Go to the web site of the chosen bank and find the forms you need to fill in to apply. Usually, it is possible, easier and more convenient to do it online:At Deutsche Bank
    • At Finitba, you can use their online form to start the process.
      • Finitba Bank you can do all the steps online. Here is the link that explains the whole procedure
      • If you want to open a blocked bank account at Deutsche Bank, these are the steps:
  3. Fill in the form. Pay attention to the fill-in instructions and be accurate, so you won’t have to do it all over again even in case of a minor mistake.
  4. After you’ve filled in the forms, print 2 copies of them, but do not sign them at home!
  5. Make an appointment in your local German embassy to certify your documents. Find out what other documents you have to submit to get your documents certified, such as both passports – internal and foreign with colored copies and all the documents specified on the website of the bank. You may also have to give a fee for the certification procedure equals around 25 Euros. After that the embassy will send the documents to a German bank. 
  6. Once your documents have arrived in Germany, the bank will proceed to open your account. This will take about one week. 
  7. Once your account has been opened, you will receive your account details (IBAN and BIC numbers) by email. Next, you can transfer your money to the German bank via any local bank in your country. Keep in mind that you would like to transfer a little more than 10332 Euros because of the fee you will have to pay for the transaction. 
  8. As soon as money is received, the German bank will send you a confirmation (Sperrbestätigung). This document is necessary to obtain a German student visa in your local German embassy. Keep in mind that it may take time before the confirmation will arrive.
  9. To get a debit card, information for the online banking and to be able to withdraw money you will have to activate your account after arriving to Germany. Once you have arrived in Germany, call any branch of the Deutsche Bank you would like to visit and make an appointment to open a student blocked account. It is also possible to make an appointment online https://link.student-package.de/bba-db2. The website has an English version.
  10. Here are the documents you will need to activate your account:
    • Your passport/ID
    • A copy of your local registration (Anmeldung)
    • Your student visa
    • 150 Euros fee for the opening procedure 
    • Once your account is activated you are done.
  11. Done! Now you can use your German blocked account. Congratulations! 

Easy Guide 3 

How to open a blocked bank account from within Germany, if you are under 18 years old

  1. If you are under 18 years old, use this link to start.
  2. Fill in the form. Pay attention to the fill-in instructions and be accurate, so you do not have to do it all over again, even in case of a minor mistake. 
    • After you have filled in the forms, print 2 copies of them, but do not sign them at home!
    • Also be aware that both of your parents need to go to the bank with you to sign the forms in the presence of an official at the branch.
  3. Call any branch of the Deutsche Bank you would like to visit and make an appointment to open a student’s blocked account. 
  4. You can make an appointment online. The website has an English version and staff members normally communicate in English at Deutsche Bank. 
  5. Bring the following documents to your appointment:
    • Print 2 forms of your application for the blocked account 
    • Your passport/ID
    • A copy of your local registration (Anmeldung)
    • Your registration for a studying program 
    • Minimum of 10332 Euros in cash (2020 guidelines)
    • 150 Euros fee for the opening procedure 
  6. Visit a Deutsche Bank with all the necessary documents, and with both your parents.
    • Ask to see a member of staff and say you have an appointment to open a blocked account. On this day you can deposit a necessary amount of money and get a blocked bank account confirmation (Sperrbestätigung) from the stuff member. 
    • This confirmation is an important document. Do not lose it. You need it to apply for a student visa. Note that you will have to wait about one month to get your debit card and bank account details by post. 
  7. Done! Now you can use your German blocked account. Congratulations! 

 Easy Guide 4

How to open a blocked bank account from outside of Germany, if you are under 18 years

  1. Use this link to start.
  2. Fill in the form. Pay attention to the fill-in instructions and be accurate, so you won’t have to do it all over again even in case of a minor mistake. 
    • After you have filled in the forms, print 2 copies of them, but do not sign them at home.
  3. Make an appointment in your local German embassy to certify your documents. Find out what other documents you have to submit to get your documents certified.
    • Information from official Deutsche Bank page: The application form to open an account must be signed by both of your parents in the presence of an embassy official. Together with your authorised representative, hand in the completed application form to the German embassy in person.
  4. Please also bring along:
    • your passport (in colour, if possible)
    • the passports of your authorised representatives (in colour, if possible)
    • if available, a letter of confirmation (copy) from your university;
    • Should one parent have sole custody (e.g. owing to the death of the other parent or divorce), please advise us of this fact via the relevant documents.
    • You may also have to pay a fee for the certification procedure which may cost about 25 Euros. In the next step, the embassy will send all documents to Deutsche Bank.
  5. Once your documents have arrived in Germany, the bank will proceed to open your account. This will take about one week. 
  6. Once your account has been opened, you will receive your account details (IBAN and BIC numbers) by email. Next, you can transfer your money to the German bank via any local bank in your country. Keep in mind that you may want to transfer a little more than 10332 Euros because of the fee you will have to pay for the transaction. 
  7. As soon as money is received, the German bank will send you a confirmation (Sperrbestätigung). 
    • This document is the one necessary to obtain a German student visa in your local German embassy. Keep in mind that it may take some time before the confirmation will be delivered.
  8. You can only receive your debit card, login data for your online banking and withdraw money after you have activated your account when you arrive in Germany. 
    • To do this, either call or make an appointment online https://link.student-package.de/bba-db2 to activate your account. Visit any Deutsche bank branch with all the necessary documents and ask the staff to activate your blocked account (Sperrkonto). 
  9. In most branches you can do it in English. Here are the documents you will need to activate you account:
    • Your passport/ID
    • A copy of your local registration (Anmeldung)
    • Your student visa
    • 150 Euros fee for the opening procedure 
  10. You will get your debit card and all other important account data via post within a month. Make sure to have enough financial resources available until then!
  11. Congratulations! Now you have a German blocked bank account.

Free Welcome Package

Your Ultimate Survival Kit in Germany  

What is the ‘Welcome Package’?

You are new to Germany? Need advice and don’t speak German? Perfect! Our Welcome Package gives you access to all of our guides for free as well as local deals and our online community – get in touch with other international students across Germany!

How much does it cost?

Signing up and getting access to the ‘Welcome Package’ is completely free. There are no fees.

What happens after I sign up?

We will send you an email with your log in information for the member area, where you can claim all the benefits of the Welcome Package.

About us

SympatMe International Student Support 

Would you like to learn more about moving to Germany? Our team assists universities, businesses, startups and international employees relocate to and from Germany. Just send us a message to learn more about how we can help you.

This digital publication is aimed to support international students who have moved to Germany and would like to learn more about life in Germany.

No part of this post may be reproduced in whole or in part without the permission of the publisher. All information is provided to the best of our knowledge but we can give no guarantee for its accuracy or completeness.