Based on your answers, you needwish to open a Blocked Account.
Why do I need a Blocked Account?
In order to enter Germany, you need a valid visa which can only be issued once you have deposited a specified amount of money in a German bank account ('Blocked Account'). This is to ensure that you are able to pay for your own living costs when studying in Germany. Expatrio, in partnership with MANGOPAY, offers you an easy and paperless sign-up process to apply for a Blocked Account.
Please set the sliders below to indicate the Monthly Blocked Amount.
This is the amount that you have to deposit in order to prove your financial ability when studying in Germany.
How long are you planning to stay in Germany? Simply indicate the length of your planned stay in Germany. This will determine your Blocked Amount as in most cases you need to block €853 for every month that you are planning to stay in Germany. If you have planned to stay in Germany for longer than 12 months, simply select 12 months. Your blocked account can easily be extended after this time period.
Indicate the number of months of your stay in Germany.
If you intend to stay for more than 12 months, you need to open a Blocked Account for 12 months first and then extend your Blocked Account at the end of first year.
What's your Monthly Blocked Amount? The Monthly Blocked Amount is required for meeting the living costs of student while studying in Germany. Currently (as of 09/2019), foreign students must prove at least € 10,236 per year (or € 853 per month) at the disposal. The Blocked Account entitles the student to withdraw only € 853 per month. The remaining balance continues to be blocked for the remaining blocking period.
Usually the Monthly Blocked Amount is €853.
Are you required to deposit any Additional Basic Sum? In some very rare cases the German Federal Foreign Office might require you to deposit an "Additional Basic Sum". This is an additional amount on your Blocked Account which only needs to be entered if the German Federal Foreign Office specifically inquires this. Don't enter an Additional Basic Sum without the particular request by the German Federal Foreign Office. If you have to enter an "additional basic sum" it is just a security and this sum remains blocked during your time in Germany.
In rare cases, the Foreign Autorities require an Additional Basic Sum.
What's your Additional Basic Sum?
We will ask you to submit an official document that states the exact amount of your Additional Basic Sum.
Total Blocked Amount
|Your stay in months||x||Your monthly blocked amount||=|
|Additional basic amount|
|Required Blocked Amount by foreign authority|
|+||A buffer of 100,00€ has to be transferred as part of the Total Blocked Amount. This is to avoid that potential currency exchange rate fluctuations and/or applicable banking fees affect the Total Blocked Amount being reached. The Buffer will be disbursed automatically with the last disbursement to your bank account.|
|+||Initial Set-up Fee of 49,00€ will be charged by Expatrio for the opening of the Blocked Account. Best price guarantee in the market!|
|Initial set-up fee|
|Your stay in months||x||Monthly service fee||=||Total service fee||Monthly Service Fee of 5,00€ will be charged for the administration of the Blocked Account.|
|Total blocked amount to be transferred =|
Based on your answer, we need to ask you a few more questions specific to your personal situation. There are many different laws, directives and regulations affecting you when moving to Germany - we know, a lot to take care of!