Expatrio developed a way of opening and running a Blocked Account that is accepted by the German embassies around the world and the immigration offices in the country.
With a fully digital application process and no paperwork needed, the Expatrio Blocked Account combines startup pace and agility with the highest security standards. Moreover, due to having built automated processes and a high-quality infrastructure, Expatrio is able to offer a cheap alternative on the market.
- Expatrio sends your opening confirmation within 1 business day after successful identification and verification (during German working days).
- As soon as your application is approved and your funds arrived the "06 Blocked Amount Confirmation" will be automatically issued to you. This is the document you will need for your visa application process as proof of your blocked account.
- Domestic money transfer would take 2-4 days, whereas overseas transfer would take 1-5 days and in rare cases up to 2 weeks.
- However, in most cases, you can finish your Blocked Account opening process within 0-5 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.