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Deutsche Bank Blocked Account

Should I Open a Deutsche Bank Blocked Account?

Here are the benefits and drawbacks of setting up your blocked account in Deutsche Bank:

It is a German national bank, so it will be accepted by the Embassy. You cannot apply online.  If you are in your home country, you have to apply through the German Embassy and send the documents by post.
Along with the blocked account, you will also get a normal checking account automatically. The current account is where your money will be transferred monthly. The application process through the Embassy could take weeks.
Since you automatically get a current account and do not need to open another one, the process after arriving in Germany is much more streamlined than it is with other providers.Deutsche Bank will ask you to submit a few more documents than other providers, such as proving the origin of your funds.
If there is a branch of Deutsche Bank in your country, you can ask for their help to complete the application. The opening fee is a little high compared to other providers.
If you are already in Germany, it is easier to create a blocked account than from abroad.
Along with the blocked account, you will also get a normal checking account where your money can be transferred monthly. You do not need to open another account with another bank.
There are Deutsche Bank offices nearly everywhere in Germany, so it is easier to resolve a problem if it pops up.
There are Deutsche Bank partners in the USA, UK, Luxembourg, France, Scotiabank, Turkey, Australia, and New Zealand.

How to Open a Blocked Account at Deutsche Bank ?

To open a Deutsche Bank blocked account, you have to work with the German Embassy in your country. The process is as follows:

  1. Complete the Deutsche Bank blocked account form. You have to complete it electronically – do not print it and fill it out by hand! You can find the form on the website of the bank.
  2. Print out two copies of the completed form. You will need one for your records and one to send to the Embassy and bank.
  3. Make an appointment with the German Embassy in your country. You must bring the documents listed under the Document Checklist below at the appointment.
  4. The Embassy certifies your documents before you send them.
  5. Send the application to Deutsche Bank by post. The postage address is listed on the application form.
  6. Wait for Deutsche Bank to open your account. Once they receive your documents, it takes about a week to open your account. After the account is active, the bank will send you your IBAN and BIC by email.
  7. Transfer the money to your blocked account using the IBAN and BIC. You must send enough additional money to cover all necessary service and transfer fees.
  8. Wait for the transfer to complete. Depending on which money transfer method you choose, this could take a few days to a couple of weeks.
  9. Receive your Confirmation and submit it to the German Embassy. You must submit it along with your visa application.
  10. Travel to Germany and activate your blocked account. To activate your account, you have to register your address in Germany.

How to Open a Deutsche Bank Blocked Account If I Am Already in Germany?

If you are already in Germany, you have to open a blocked account before you submit your residence permit application at the Ausländerbehörde (Immigration Office). You have to:

  1. Locate the nearest branch of Deutsche Bank.
  2. Complete the Deutsche Bank blocked account form. Print it but do not sign it yet – you have to sign under the presence of a bank staff member.
  3. Go to the bank along with the required documents. Request to open a blocked bank account.
  4. Transfer the money, once the account is functional.
  5. Receive the Confirmation and send it to the Ausländerbehörde for your residence permit application.
  6. Activate the blocked account.

Document Checklist for Deutsche Bank Blocked Account

The documents you need when opening a blocked account with Deutsche Bank are:

  • The completed Deutsche Bank blocked account form.
  • A copy of the letter of admission into the German university or language school.
  • Proof of the source of your funds (for example, your bank statements).
  • A prepaid envelope from a delivery services company such as FedEx, DHL or UPS.

You have to send these documents via mail, once the German Embassy in your country has certified them. Do not send the documents to Deutsche Bank if they are not certified.

How to Fill Deutsche Bank Blocked Account Form?

You have to fill in the Deutsche Bank blocked account form electronically and then print it. After printing, do not sign it immediately – you have to wait to sign it in front of an Embassy employee. When completing the form:

  • Carefully read the instructions. There are guidelines for how to answer the questions before you get to the actual form.
  • Answer all the questions unless one does not apply to you. If a question does not apply, but you need to write something, you can write “Not Applicable”.
  • Write down the amount of money you will actually transfer, not the minimum required amount. E.g. if you will transfer 10,700 to cover additional expenses from the bank, write €10,700, not €10,322.

You can find the form here.

Remember: Do not print the form and fill it in by hand because the bank will not accept it!

How Much Does a Deutsche Bank Blocked Account Cost?

The fee for opening a blocked bank account with Deutsche Bank is €150, along with a monthly maintenance fee of €6.90 (€82.80 annual). You will also have to pay about €20 at the German Embassy to have your documents certified and about €10 to mail the documents to Germany.

How Long Does It Take to Open a Blocked Account With Deutsche Bank?

After the bank receives your documents, it takes about one week to open your blocked account. However, considering the certification of the documents at the German Embassy and the mailing time, it actually takes two to three weeks.

How Much Money Should I Transfer?

You have to transfer the full amount required for a blocked account (€10,332). In addition to that, you should also transfer the €150 opening fee along with any charges that may occur when transferring the money. With Deutsche Bank, you can transfer the amount in smaller batches, but you will not receive the confirmation until the full amount is in your account.

Make sure that there is enough money in your account to cover the processing fee and transfer charges, so that there is at least €10,332 remaining in your blocked account after all fee payments. If there is less than that, you wil not get the confirmation you need for the visa or residence permit application.

How to Activate the Blocked Account With Deutsche Bank?

To activate your blocked account, you first have to register your German address with your local registration office (Bürgeramt). Then, visit the bank and bring your Registration Certificate, your passport (showing your visa or entry stamp), as well as a completed and signed service order application. The service order is a form that the bank uses to activate your account. You can find it on Deutsche Bank’s website.

Once the account has been activated, you will receive your Deutsche Bank Card, which you can use to access your current account and withdraw money. The first instalment of €861 will be transferred to your checking account.

Can I Open a Checking Account With Deutsche Bank?

You don’t need to open an additional checking account with Deutsche Bank because it is opened at the same time as your blocked account. The checking account is where each of the monthly instalments will be transferred. Once you activate your blocked account, you will receive the debit card which you can use to access your checking account and withdraw money.

How to Withdraw Money From Deutsche Bank Blocked Account?

You can withdraw money at any Deutsche Bank ATM using your Deutsche Bank Card, which you will receive via mail when you activate the account.

You can also use the card to withdraw money from any of the 9,000 ATMs of the Cash Group (Commerzbank, Deutsche Bank, HypoVereinsbank, Postbank) and several shell filling stations in Germany free of charge. If you withdraw money from another bank, you will be duly charged.

Can I Extend My Deutsche Bank Blocked Account?

If you need to extend your blocked account, you will have to put a request with Deutsche Bank. Once it has been one year since you opened your blocked account, and there are no more funds, it will turn into a regular checking account. If you need to re-block it (extend it) in order to get another residence permit, you will have to submit another application, complete the application form, and make another transfer.

What If My Visa is Rejected?

If your visa is rejected, then you have to close the blocked account and your money will be returned to you. You have to submit the visa rejection letter from the German Embassy (or the residence permit rejection from the local Immigration Office), which includes written instructions that Deutsche Bank can close your account and return the money.

You also have to complete a “Closing order” form and submit it to the bank along with the following information:

  • Your name and address.
  • Your IBAN and BIC.
  • The name and address of your bank.

If the money will be transferred to another account, which is not in your name, you have to provide the information of the recipient.

Should I Close the Blocked Account After My Studies?

Yes, if you are leaving Germany, you will have to close your blocked account by submitting a closing application to Deutsche Bank.

After one year, if you no longer need a blocked account, then it will become a regular checking account. If you do not use it, it will remain open for another two years and then become deactivated.

What If I Need More Money?

If you need to withdraw more than €861 from your blocked account in Germany during a specific month, you will have to make a formal request with the Ausländerbehörde. Once you receive written approval, you must submit it to Deutsche Bank and they will release more money. The bank cannot release your money without approval from the immigration authorities.

Naturally, if it is an emergency, this prolonged procedure is not the most optimal. This is why you are advised to keep some extra money outside the blocked account so it can be used in emergencies.

You can also withdraw more money from your blocked account if you initially transferred more than €10,332 and still have extra.