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The German blocked bank account (Sperrkonto) is designed to serve international students and job-seekers as proof of financial resources for living in Germany for a year and is a requirement when applying for a German student visa or a student residence permit.

It’s known as a “blocked account” because the money deposited into the account cannot be withdrawn until the account holder arrives in Germany. The amount required to be deposited into the German blocked account when applying for a student visa to Germany is €11,208 or 934€ per month for your planned stay (up to 12 months).

Comparison of Blocked Account Providers
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Fintiba
Coracle
Expatrio
ICICI
Price of Travel Health Insurance
Free for up to 92 days, worth €95
Free for up to 90 days, worth €58.
Free for up to 92 days, worth €69.
No
Travel Health Insurance
Yes
Yes
Yes
No
Private Health Insurance
Mawista Student
covered by ERGO
DR-WALTER EDUCARE and Care Concept College
-
Public Health Insurance provider
DAK
Choice between Barmer, HEK or TK
Techniker Krankenkasse (TK)
Choose between TK, Barmer and Expat Insurance.
12 Months Fee
€147.8
€59
€60
€150
Cash-back
€0
€0
€49
€0
Monthly fee
€4.90
€0
€5
€0
Opening fee
€49
€59
€89
€150
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