Expatrio











    Expatrio Blocked Account

    2 working days gone=Blocked Account in Germany on!
    2 working days is all it takes to get your blocked account open.

    Process

    • Requirements
      Comply and fill in all the visa requirements online to get your account and German IBAN.
    • Wire Transfer
      Get automatic confirmation of your blocked account after transferring the necessary amount to the same.
    • Confirmation
      The blocked account will be validated 48 hours after completion of the above-mentioned steps.

    What is a blocked account?

    Sperrkonto popularly known as a blocked account in English is a requisite according to German Law for international students, vindicating their financial backing for their stay in Germany. The blocked money can be redeemed in your German account after landing once address proof or enrollment is authenticated

    Where does Expatrio come into the picture?

    Expatrio-an all-digital platform caters to the needs of students and people from around the globe wishing to live in Germany.
    Approved by the German Federal Foreign Office, it provides you with two major services of Blocked accounts and Health Insurance to reduce bureaucracy in the process while delivering Fast, Cheap and Secure services.

    In what case, a blocked account is not needed?

    An EU Citizen does not need either a visa or a blocked account but it highly depends on the individual situation. So, contact us to know whether you are in a need of a blocked account or not.

    OR

    Visit Expatrio’s exploration tool to check the feasibility of a blocked account for yourself.

    OR

    A block account is not needed in case you have a local German sponsor

    Is Administration Fees a separate expense?

    The total blocked amount includes service and set-up charges therefore, no additional transfer is required

    How much does Expartio’s blocked account cost?

    Cheapest digital service costing 49 EUR as an account set-up fee and 5 EUR additionally on monthly basis covering ECO-Escrow and Expatrio services along with underlying / primary / fundamental banking infrastructure services

    Is Expatrio’s service trustworthy?

    Definitely!
    It is a government-approved service wherein the statutory Deposit Guarantee Scheme and a contractual Deposit Guarantee Scheme covers deposits repayable up to 100,000 EUR in case of creditors insolvency

    Can I pay monthly rent and miscellaneous expenses using a Expatrio blocked account?

    No.
    Opened solely for your secure living in Germany, the blocked money can only be transferred to your Local German bank account monthly.