If you need a visa to study in Germany, you often also need a blocked account (Sperrkonto), to prove that you have enough funds to sustain yourself while living and studying in Germany. Here I compare the cheapest offers for German blocked accounts.
What is a Blocked Account?
A blocked account is a special type of bank account that
- requires you to initially pay in a big sum that will cover your spending for a whole year. Currently, this is minimum 8700 €
- then allows you to withdraw every month only 1/12 of it, i.e. 725 €
Comparison of Blocked Accounts
If you only order a blocked account from them, you pay the following fees – but read below the table, both also offer packages together with health insurance that make the whole thing cheaper!
|Go to Fintiba*||Go to Expatrio Blocked Account*|
Cheaper with a Package: Blocked Account, Health Insurance, ISIC card …
As a foreign student, you usually do not only need a blocked bank account, but also health insurance:
- incoming health insurance if you arrive before the semester starts (e.g. on September 1st)
- public student health insurance after the German semester has begun (e.g. on October 1st)
And both Fintiba and Expatrio offer packages with both a blocked account and health insurance that make the whole thing cheaper. Especially with Expatrio, you can bring the registration fee down to 0€, effectively only paying the monthly fees.
Fintiba’s package Fintiba’s Plus comes with a travel and incoming health insurance for max. 48 months and is automatically cancelled once the semester starts and you are enrolled in a public health insurance. Additionally, you receive an ISIC student card for 3 years.
Expatrio Value package
Expatrio’s Value package gives you an incoming health insurance, too, this one valid for max. 180 days (~6 months). Different to Fintiba, you get the first month for free.
Additionally, Expatrio gives you:
- a current bank account from Monese (free for the first 12 months, then 4.95€). If you want to stay free, consider then switching to another free German bank account
- a free liability insurance for 1 year
- a free ISIC student card for 1 year
See here both compared side-by-side:
|Fintiba Plus*||Expatrio Value package*, limited offer with voucher code FREEBA19|
|Blocked account monthly fee||4.90€||5€|
|Current account||–||Monese Plus Plan: free for the first 12 months (then 4.95€/month)|
|Incoming Health Insurance (if you arrive before semester starts)||from Mawista, 48 month max||from Dr. Walter, 180 days max|
|Cost of Incoming Health Insurance||33.10€/month||free for first 31 days (if you need it longer, then 33€)|
|Public Health Insurance||from DAK, ~95€/month||from TK, ~95€/month|
|Liability insurance||–||free in first year, cancelled automatically|
|ISIC card||free for 3 years||free in first year, cancelled automatically|
|Sum of one-time costs||0€|
(limited offer with voucher code FREEBA19)
|Sum of monthly costs|
|Go to Fintiba*||Go to Expatrio Value package*|
Something left unanswered? Then feel free to ask in the comments!
Links marked with a star (*) are affiliate links. If you click on such a link and then shop or order something, I will receive a commission for your purchase. This does not change the price for you.