Once you arrive in Germany and you are ready to start receiving your Blocked Account payouts, you will need to activate your Blocked Account through the Expatrio User Portal.
Our activation tool is built in a smart way to adjust to your individual situation and will always give you clear instructions on how to proceed.
Let’s go through the details step by step.
Prerequisites to activate your Blocked Account
Current bank account
The money from the Blocked Account is not directly accessible. You are not able to pay for rent or cover your daily expenses with a card like you would with a normal current bank account ('Girokonto' in German). You will also not have a debit/credit card coming with your Blocked Account.
This is why you must set up a personal bank account (a so-called current account) in Germany, or an other SEPA country, in order to receive your monthly Blocked Account payouts.
You will find some recommendations of convenient current account providers in your Expatrio User Portal.
When activating your Blocked Account, you will need to confirm the IBAN of your SEPA account and the BIC/Swift code of your bank.
Besides the current account details, you will also need to confirm your address in Germany.
Activating the Blocked Account
Visit the Expatrio User Portal and go to the 'Blocked Account' page. If you already have the necessary funds in the blocked account you will have an 'Activate' button on this page. You have to click on this button to start the activation process.
Once the activation page has opened, click NEXT to proceed.
From this page on, you will be asked to provide relevant information and possibly some documents necessary for your blocked account activation. Please follow the instructions carefully and submit the correct documents and information.
Please note that you may not be asked for all of the documents stated below. Whether you will need a document or not will depend on your personal data and account type. Our activation tool will ask you for the document only if it is applicable in your individual case.
- a valid visa document, residence permit, address registration form (Anmeldung), or German university enrollment form
- entry stamp from your passport from when you arrived in Germany; in case you did not get this, but our activation tool asks for it, you can upload a copy of your plane ticket or similar documents as proof of your arrival date
- proof of your German address; this can be your city registration (Anmeldung) form, a rental contract or a utilities bill
- your passport
Expatrio verifies activation requests on a daily basis and processes them the following day.
As soon as it has been verified that your information and documents are sufficient, we will activate your account the next working day. You will then receive your first monthly payout within 3 business days.
Should you have transferred more than the required Total Blocked Amount, you will receive the excess amount with the first disbursement.
The following payouts are scheduled automatically for the first week of each month.
Your buffer will be transferred with the last disbursement.
Once all the monthly payouts are done, your blocked account will be automatically closed.