Welcome Welcome Study in Germany (General Forum) What is alternative of German blocked bank account? Reply To: What is alternative of German blocked bank account?

  • Tayyab

    Administrator
    March 19, 2021 at 2:48 pm
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    The following are the only three options

    German Blocked Bank Account (which you have already mentioned):

    International students who want to study in Germany need to open a German blocked bank account and deposit 10,332 euros for one year since 1 September 2020 and as of to-date. A student can only withdraw up to a maximum of 10,332 euros/12 = 861 euros per month For the coming years, they have show the same amount or enough that you can

    Following are the alternatives:

    1. German or foreign official scholarship:
    You should either have a scholarship that covers your complete expenses

    2. According to the German Embassy Pakistan website: formal obligation (“Verpflichtungserklärung”, declaration of liability) according to §§ 66-68 of the German Resident’s Act by a sponsor residing in Germany and with confirmed sufficient financial means. Please also bring income proof and bank statement (last 6 months) of sponsor.

    Verpflichtungserklärung by literal meaning is a declaration of commitment. In the letter, a legal resident (friend, resident or business) or other registered legal entity vows to the Federal authorities that they could cover your expenses during your stay in Germany.

    Disclaimer: I am not a financial advisor or law expert of any sort and in my understanding:

    For details and authentic information, you should check your concerned embassy/consulate or contact them for further queries.

    • This reply was modified 3 months ago by  Tayyab.