Germany Welcomes International Students with Free Blocked Accounts and Services
A blocked account or Sperrkonto is a type of bank account into which a visa applicant should deposit a fixed amount of money to provide evidence they have sufficient means to support themselves during their stay in Germany, AtoZSerwisPlus.de reports.
A recent report by Studying-in-Germany.org says that along with the blocked account, Expatrio is offering international students planning to study at German universities free Incoming Insurance and other services so they can secure their student visas.
The same notes that the offer is valid until the end of July, meaning those planning to move to Germany for studies should be quick and benefit from the special deal known as Value Package.
When applying to open a blocked account with Expatrio, international students are typically charged €49 to set it up and a monthly fee of €5 (€60 per year).
“You will not only receive the €49 cashback after you have activated your health insurance, but also receive a cashback of the monthly €5 service fees (up to €109 in total),” the provider’s announcement posted on its website says.
After applying to open a blocked account, students will receive cashback on all fees once they activate their account and health insurance.
Blocked accounts should comply with rules by the German Residence Act (Aufenthaltsgesetz), as not all accounts are approved by local authorities in Germany. Expatrio works with trusted partners in the banking industry, such as Aion Bank.
Under the new regulation in Germany, international students from non-EU or non-EEA countries should have €11.417 in their blocked accounts, or 934€ per month for up to one year in Germany. This amount has increased by 8.5 percent beginning January this year, as the amount required to be deposited in the past years was €10,332.
“From January 1, 2023, the presumed annual requirement that must be paid into the blocked account when applying for a visa amounts to €11,208,” the Federal Foreign Office said in an earlier statement announcing the changes.
A blocked account is otherwise known as a frozen account because the holders are unable to access the funds until they arrive in Germany. It is one of the main requirements for international students to secure their study visas.
According to a report by the higher education search platform Erudera, there are more than 440,000 international students in Germany, of whom 349,438 are international students and the remaining 91,126 are resident international students. Germany is one of the top study destinations for international students.
For the Employer
Are you looking to Hire? Let us help you find the perfect candidates!
Step 1: Fill out the employer's questionnaire. Please provide us with the necessary details about your job requirements and company. We'll use this information to customise our services for you. Fill in the form.
Step 2: Choose the best offer. Once we receive your completed questionnaire, we'll prepare a tailored proposal for recruitment, employee leasing, or outsourcing services.
Step 3: Welcome your new employee. We'll utilise our extensive network and resources to find the ideal candidate for your business. Please don't worry; we'll ensure favourable conditions for you and the employee.
Take advantage of exceptional talent for your company. Complete the employer's questionnaire today, and let us handle your hiring needs.
For Job Seeker Registration
If you are looking for Truck Drivers, such as our guest today, we would like you to fill out the application form on our website. After reviewing the details of the completed offer, a representative of AtoZ Serwis Plus will contact you and tell you about all the details. Fill in the form.
Would you like some advice? So that you know, the information I've included here is for you to review. You'll always need to consult with your legal and tax advisor(s) and follow their guidance. AtoZ Serwis Plus cannot assist with legal or tax matters. The information presented is not specific to any particular company or workforce nor reflects how AtoZ Serwis Plus products are distributed in any jurisdiction. Instead, it is general. AtoZ Serwis Plus makes no representations or warranties regarding this information's accuracy, completeness, or timeliness. It shall not be liable for any losses from using or relying on it. It is your responsibility to exercise caution when using this information.
