A Blocked Account is required for many non-European countries and their residents in order to file a visa application when planning to move to Germany for studying or working. A Blocked Account, also called Sperrkonto in German, is basically a proof of payment that shows you will be able to support and finance your own living expenses while in Germany. The money is blocked (securely stored) until you have arrived in Germany.
To release the blocked funds and activate your account, all you have to do is show a "proof of address". Your blocked amount will then be deposited in monthly installments into your own German bank account that is accessible for your living expenses. Expatrio also helps you in setting up a bank account as part of our service.
Why do I need to put this amount into blocked account? The German Federal Foreign Office has decided that applicants must deposit, EUR 853 per month you plan to stay in Germany on an account. Therefore, if you intend to stay in Germany for 12 months (one year), you will have to block the amount EUR 10,236 with Expatrio in your Blocked Account, before you apply for your visa. After you have successfully received your visa from your local embassy and arrived in Germany, you can send us the activation order and start receiving the Euro amount (usually EUR 853) per month wired to your German bank account (current account).
The Blocked Account services Expatrio provides is approved by the German Federal Foreign Office.