Expatrio together with MANGOPAY developed an unprecedented way of opening and running a Blocked Account that is officially approved by the German Federal Foreign Office.
With a fully digital process and no paperwork needed, the Blocked Account combines startup pace and agility with the highest security standards. Moreover, due to having built automated processes and a superior infrastructure, Expatrio is able to offer the cheapest alternative on the market.
Expatrio promises to send you an opening confirmation within 24 hours after successful identification and verification (during German working days). After we confirm your transfer sent to the Blocked Account, the "06 Blocked Amount Confirmation" will be issued. This is the document you need for your visa application process. Domestic money transfer would take 2-4 days, whereas overseas transfer would take 3-5 days and in rare cases up to 2 weeks. However, in most cases, you can finish your Blocked Account opening process within 4-5 working days.
Apart from that Expatrio's Blocked Account offers a high level of flexibility. You can extend or cancel your Blocked Account on a monthly basis.