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    When moving to a new country, everything is new, exciting, and sometimes a bit overwhelming! We know that sending money, often times quite a large sum, over to a blocked account can be a bit nerve-wrecking.

    Coracle blocked account is accepted by all Foreign German Embassies and Consulates. Coracle is helping over 15,000 students each year open their blocked accounts quickly and easily.

    In this article, we’ll tell you a bit more about blocked accounts in general and how you can find a blocked account provider that works for you.

    What is a German Blocked Account?

    Finding a reliable and safe blocked account is very important for smooth German Visa process. A blocked account in Germany, also known as a Sperrkonto, is an account used for internationals pursuing their studies in the country. It can also be requested for job seekers and family reunification visas. Through this account, the German government ensures  a person or student has enough funds to support themselves during their studies, job search, etc. In other words, it proves financial means to sustain yourself while pursuing studies in Germany.

    But I plan to get a student job in Germany along with my studies!

    No problem! You can absolutely have a student job, but the point is that you don’t have to work so much to sustain yourself, that your studies, your main reason for being in Germany, is negatively affected. 

    A blocked account is usually opened when you are in your home country, preparing for your visa interview. If you are from a select few countries and are applying for a residency permit already in Germany, you can apply for your blocked account in Germany with our online services as well. 

    How does a blocked account work?

    So, how does a blocked account ACTUALLY work? It’s pretty simple. You can open a Coracle blocked account in just a few minutes. Once your account is opened, you transfer over your funds (11,208 euros as of June. 2023) into this blocked account for a 1 year stay. Once you arrive in Germany and open your current account, you can activate your blocked account with Coracle. “Activation” means you’re in Germany and ready to begin your monthly payouts of 934€ to the current account of your choice. Through that current account, you will pay your rent, buy your groceries, and live your everyday life! Think of it as a savings account where you can only spend a specific amount of money each month.

    Learn more about opening a blocked account with Coracle HERE.

    What are the requirements for my blocked account provider?

    Choosing your blocked account provider is an important decision and there are a few things you need to know to make sure you are covered for your visa appointment. Your blocked account provider should be 100% accepted by all German embassies and foreign offices and should provide you with a German IBAN (IBAN starting with DE). Coracle is 100% accepted by all German Embassies and Consulates all over the globe and provides students with a German IBAN. 

    Note: Choosing a provider that is not accepted by the German foreign authorities and consulates can result in visa rejection, so please make sure you are doing your research!

    Open my blocked account with Coracle.

    What should I look for when choosing a safe blocked account provider?

    Though those are the necessary criteria, there are also other points to keep in mind when choosing your blocked account provider.  Some of these are;

    • Ease of Application 

    How easy is it to open the blocked account? How quickly can I get my account opened? You can open and activate your Coracle blocked account completely online with confirmation in a few hours. Our support team is always there for you to answer any questions you may have. 

    • Cost 

    When moving abroad, especially to study, we know cost plays an important factor. It’s important to look at the total cost of the blocked account provider, including activation fees, monthly fees, and when those monthly fees are being charged. A Coracle blocked account has the lowest price on the market, without compromising quality. We charge a one time 99 euro fee for your blocked account with no monthly payments. If you take the All-in-One package (Coracle PRIME), you save 40 Euros on the Blocked Account charges and get a Free Travel insurance. Best deal you can get!

    • Cancelation Policy

    Life is unexpected and even though no one thinks it will happen to them, there is a small chance your student visa could be denied or your life plans just change. Make sure to check the policy around closing your blocked account with your blocked account provider. Coracle is currently the only provider who refunds the blocked account fee for students with denied visas. Why do we do this? We know students put in a lot of time to prepare for their studies and it’s disappointing enough when these things don’t work out so as a move of solidarity, we will refund the fee. 

    • Customer Support

    We know that transferring large funds is a big deal, and working with a provider that is easily reachable and offers excellent customer support is important to making you feel comfortable. At Coracle, we are known for our fast and friendly support team, speaking over 10 languages so you never have to hesitate to reach out! 

    So, is opening a blocked account with Coracle safe?

    Yes, opening a Coracle blocked account is not only safe but it’s a hassle-free way to achieve your student visa requirements. A blocked account with Coracle is 100% accepted by all German embassies and foreign authorities and we have been the chosen provider for several thousand students worldwide! 

     

    We know it’s always better to hear from your peers, so take a look at all of our 4.9 star rating reviews posted on TRUST PILOT and GOOGLE. 

    To learn more about a blocked account with Coracle and about our 3-1 PRIME packages, visit us HERE 

     

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