Student Bank Account in Germany


Opening a bank account in Germany as a student offers financial advantages for young people, providing them with a convenient and secure way to manage their finances. With features such as student discounts, low or no monthly fees, and tailored banking services, students can easily access benefits like free withdrawals, budgeting tools, and special offers, helping them effectively manage their money while pursuing their studies.

International students from non-EU or non-EEA countries must meet Germany’s financial requirements to study there, including providing proof of funding for living expenses. Many students fulfill this requirement by opening a blocked account as proof of their financial capability.

Read our FAQ’s about how to open a blocked bank account in Germany!


Your Options

While there are alternative ways to demonstrate financial capability, the blocked account is the most popular choice among international students. By transferring a predetermined amount of money determined by the federal government (BAföG) into the blocked account, individuals assure that they have sufficient funds to cover their living and other expenses during their stay in Germany. Explore the respective provider by clicking on the logo. Read our FAQ’s about how to open a blocked bank account in Germany!

Private Bank Account Germany

Blocked Account
Fintiba

Apply for your blocked bank account online and in english. You just need your ID.

Private Bank Account Germany

Student Accounts
Commerzbank

English service, free for all students under 28 & free cash at over 9000 ATMs in Germany

Private Bank Account Germany

Student Accounts
N26

Open bank account within minutes without being registered in Germany

Private Bank Account Germany

Student Accounts
Wise

Send and receive euros and other currencies at low fees with your free account

Fintiba

It is organizations that act as an intermediary between you and the bank. Their job is to facilitate the entire process by making you self-sufficient and doing almost everything yourself.

One of these intermediaries we recommend is Fintiba. Fintiba helps international students and other groups of foreigners travel to Germany for various purposes. One of the many services offered is opening a blocked account for international students.

Follow these simple steps to open your blocked account with Fintiba:

  • You must first register on the website
  • Fill out the application form with your personal identification information
  • Make sure you have filled in the application form correctly. Otherwise, it will not be recognized
  • You will then be given access to your online platform, where you can manage all the personal details of your account
  • After you receive the account details, you can transfer the money and pay the opening fee that the bank will charge you
  • Your application will then be processed

Once the money has been transferred to the account, you will receive an email-confirm to your account showing the amount deposited.

After you finally land in Germany, Fintiba will help you open a regular bank account where you can transfer money from your blocked account every month. 

You only need an ID card or passport to register with Fintiba and open an account.

Depending on your passport and nationality, you may need to complete an additional step, the final legitimation in Germany.

The best thing about Fintiba is that you can do everything online, and you don’t need to send original documents by mail.

What is N26

Commerzbank StartKonto

Commerzbank is a leading German financial institution supporting around 30,000 corporate customer organizations and more than 11 million private and business customers in over 40 countries. Please use or english Guide to open your StartKonto.

Commerzbank advantages for students:

The Commerzbank StartKonto does not include any account fees¹. You don’t have to have a minimum monthly deposit to get the Commerzbank Girocard. You also have access to online banking and the banking app & you can apply for the Young Visa credit card if you are of legal age and provide proof of a minimum monthly deposit of 300€. To apply for this account you must meet the following requirements:

  • Free StartKonto with Young Visa credit card & Commerzbank Girocard
  • Free1 for all pupils, trainees, students & interns from 7-27 years old
  • Discounts and cashback for almost every purchase at over 2,000 online shops – including Amazon, Lieferando, Otto, Booking.com, eBay, Saturn & many more
  • Competent, English-speaking customer service in about 450 branches across Germany
  • Access to English online and mobile banking 24/7, with an excellent banking app
  • Easy payment with your smartphone or smartwatch because Google Pay and Apple Pay are supported
  • Free cash withdrawl at over 7000 cash machines in Germany
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Your StartKonto Guide

The Commerzbank StartKonto is the best account for young people in Germany.  


What awaits you: Competent, English-speaking customer service, online and mobile banking, and many additional advantages, especially for pupils, trainees, students & interns.


We are happy to help you with our free guide to open your StartKonto account now.


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N26

With N26, you can open a free bank account in about 8 minutes.

The advantage of N26: You can manage your money directly from your smartphone. Online banking includes smart features that give you more control over your finances. You will receive a virtual Mastercard directly after opening the account. You can connect this to Apple Pay or Google Pay to make contactless payments anywhere. There is no deposit fee up to a balance of €50,000. However, if you prefer a real bank card, that’s also possible. Order this card and pay a one-time delivery fee.

  • Customer service in English
  • Online banking in English
  • Mobile app in English

English service is thus the main argument for why it is the best free bank account for expats in Germany. After all, handling your finances is a very important matter. So most expats in Germany prefer to do their banking in English. 

With N26, you can open your account on the same day. Just fill out the online application and pop into a local branch with your application forms. Alternatively, go to a post office and get your personal ID verified by PostIdent.

N26 advantage for students

N26 is the only bank where you can open a bank account with a German IBAN without being registered in Germany. That’s innovative!

What is N26

Wise

Consider a German (and European) banking alternative that you can use regardless of your nationality or location. Wise is a convenient and affordable banking alternative for students before they become students! You can create a free account online in minutes, giving you a bank account to send and receive euros and other currencies at much lower fees than regular banks.

Wise is a good choice if you need to manage more than one currency (USD, EUR, GBP, AUD, etc.). With a Wise account, your funds will always be converted at an average exchange rate that is eight times cheaper than traditional banks. You can also hold different currencies for free until you need to use them.

Wise advantages for students:

  • Create a free account
  • Transfer money cheaper and easier than with a traditional bank
  • Easy international banking
  • Pay abroad without hidden fees
  • Get a bank card for 8 euros
  • Add the card to Apple and Google Pay
  • Get your own German account number and IBAN
  • Hold up to 40 currencies in over 150 countries in your account and exchange between them
  • Send money to over 160 countries
  • GET FIRST TRANSFER FOR FREE
What is N26

FAQ – Open a Blocked Bank Account in Germany

Table of Contents

What is a blocked bank account?

A blocked account is a financial requirement for international students from non-EU or non-EEA countries studying in Germany. It functions as proof of funding and allows limited withdrawals, ensuring the student can cover living expenses. This type of account is commonly used by international students to demonstrate their financial capability, and by transferring a specified amount, they ensure financial stability throughout their studies.

What is the required amount for the blocked account in 2023?

Starting from January 1, 2023, the required amount for a blocked account when applying for a student visa in Germany is 11,208 euros, which serves as proof of financial means for studying. The account holder can only withdraw a maximum monthly amount (currently 934 euros for students) until they arrive in Germany. It’s important to note that the required monthly minimum is also the maximum that can be withdrawn or transferred within a specified period, unless the account holder has deposited more than the minimum required amount.

Opening a Blocked Account for Studying in Germany

It is recommended to open your blocked account as soon as you receive your admission letter to avoid any delays in the process. By being proactive, you can stay ahead of other applicants who may receive their admission letter later.

How Long Does It Take to Open a Blocked Account in Germany?

The time it takes to open a blocked account in Germany can vary depending on factors such as nationality, bank provider, embassy workflow, and paperwork. If all goes well, your account should be created within a month of submitting your application.

For example, X-PATRIO or Fintiba offer account opening in less than 10 minutes. However, it’s important to ensure that you have all the necessary documents to avoid any potential delays or complications.

Is it Possible to Study in Germany Without Opening a Blocked Account?

While it is possible to study in Germany without opening a blocked account, it is the most straightforward way to provide proof of your finances for living expenses. Alternatively, you can submit other financial resource proofs such as documents about your parents’ income, evidence of a scholarship, a letter of commitment from a resident in Germany, or a bank guarantee.

How to Transfer Money to Your Blocked Account in Germany

One of the crucial steps in opening a blocked account is depositing the required amount. Once the money is transferred to your blocked account in Germany, you will receive confirmation of its opening along with the deposited amount.

To transfer money to your blocked account in Germany, you have several options:

  1. International Bank Transfer: You can initiate an international bank transfer online or in person. You will need to provide the recipient’s name, address, account type, bank details (name, address, and IBAN), and the BIC/SWIFT code of the recipient’s bank. Keep in mind that international transfers through banks may come with higher fees.
  2. Money Transfer Company: Another option is to use a money transfer company that specializes in international transfers. These companies often offer competitive exchange rates and lower fees compared to traditional banks.

It’s important to ensure that the amount you transfer covers the minimum requirement for the German blocked account. This information can be obtained from your chosen bank. International transfers typically take 3 to 5 business days, but the duration may vary. Once the funds are credited to your account, you will receive the confirmation necessary for your German student visa application.

What Happens If Your Student Visa Application in Germany Is Rejected?

In the unfortunate event that your student visa application is rejected by the German Embassy, you will be eligible for a refund. To initiate the refund process, contact the blocked account provider directly or visit the German Embassy in your home country for instructions on the necessary steps. It’s important to note that transfer fees are non-refundable.

Why Can’t I Use My Savings Account?

Using a savings account for financial proof is not accepted because it allows the account holder to withdraw more money than permitted, potentially leading to excessive spending. The blocked account’s unique feature is that it restricts withdrawals and transfers, allowing only a predetermined monthly amount, unless a higher minimum deposit has been made. This monthly allowance is designed to cover the student’s living expenses throughout the study period, making a savings account ineligible.

Do I Need to Declare the Source of Funds When Opening a Blocked Account?

Yes, it is necessary to declare the source of your funds when opening a blocked account. One common method of proving your financial resources is by providing a bank statement that shows your deposited funds.

Are There Administrative Fees to Open and Maintain a Blocked Account?

Yes, there is typically a one-time fee to open a blocked account. It is advisable to inquire about the expected costs beforehand. Additionally, most providers have basic monthly fees to maintain the account.

Can Someone Else Make the Deposit on My Behalf?

Yes, a third party can make the deposit on your behalf. However, you will need to prove your identity and may be required to provide authorization, a valid passport, and a bank record of the transfer.

Is the Money in My Blocked Account Secure?

Yes, the money in your blocked account is safe. German banks participate in the Deposit Guarantee Scheme, ensuring that deposits are protected up to 20% of your total capital.

Are There Exceptions to Opening a Blocked Account?

While a blocked account is a common choice for proof of funding, there are alternative options accepted by the German Embassy. The specific requirements and options may vary based on your home country. For example, you may have a relative in Germany who can provide a guarantee to cover your expenses during your stay.

Is it Possible to Expedite the Procedure for Opening a Blocked Account?

No, unfortunately, the procedure for opening a blocked account cannot be expedited. The bank will process your application according to their regular timeline, which may vary depending on the provider.

How to Open a Blocked Account in Germany from India?

The process for opening a blocked account in Germany is the same regardless of the country you are applying from. You can refer to a detailed article on opening a blocked account specifically for applicants in India.

Where Should I Register My Address for My Blocked Account?

Upon your arrival in Germany, you will need to register your place of residence at the Residents’ Registration Office. It is important to complete this process within two weeks of your arrival. Once registered, you can provide the bank with the necessary information to update your account details.