Proof of financing: Various ways
There are a number of ways to show that you can finance your studies. The following forms of proof are possible:
- Your parents can submit
- Someone with permanent residence in Germany can guarantee the to cover your expenses.
- A security payment can be deposited into a .
- You can present a .
- You can present a scholarship award notification from a recognised scholarship provider.
Make sure to inquire at the German embassy in your country as to which form of financial proof is required!
From 1 January 2023, the presumed annual requirement that must be paid into the blocked account when applying for a visa amounts to 11,208 euros.
TIPS FOR OPENING A BLOCKED ACCOUNT
Many international students use a blocked account to finance their studies in Germany. It’s called a “blocked account” because the money deposited into the account cannot be withdrawn until you have arrived in Germany.
It is relatively easy to open a blocked account. There are a few points you should remember:
1. Apply early enough
You can open a blocked account at various local German banks or online. Since there are many banks that provide blocked accounts, you should carefully check the respective offer before setting up the account. It usually takes just a week for the paperwork to be processed and the confirmation of your payment. It can take much longer, however, when the semester begins. That’s why we recommend completing the application for a blocked account well in advance.
2. Certify the application and required documents
For some local banks it is neccessary to have the completed forms and a copy of your passport certified by a German consulate general or the German embassy in your country. Only then should you send your documents to the selected financial institute. Please note: Do not send your documents as attached scans by e-mail or by fax; the bank only accepts originals. You can also of course open a blocked account online. This is often quicker and less complicated as you can upload documents and verify your identity digitally. Contact your choosen bank for more detailed and binding information.
If you would like to work in Germany, there are certain rules you have to observe as an international student.
3. Open your account
If your documents are in order, the bank sets up a blocked account for you. This costs a one-time fee of 50-150 euros. As soon as your account is ready, you have to deposit at least 11.208 euros into it.
4. Withdraw money
Once you’ve arrived in Germany, you should make an appointment in a branch office of your . The bank officer will help you get an EC card, with which you can withdraw money from cash machines, and provide you with your login data for online banking. If you applied for your account online you will in most cases receive the card and further info via post.
More on the topic
2. Check the requirements