How To Open Blocked Account With RemitX: Everything you need to know
How To Open Blocked Account With RemitX: Everything you need to know
If you are an aspirant trying to study in Germany, you have to open a blocked account. This is to ensure the German Government that you have sufficient funds to fulfill your living expenses while studying. To start your visa application process you will need the same. The Foreign Office of the Federal Republic of Germany has approved Remitx as the provider, so the home ground Embassy you are applying from will also approve.
What is the need for a blocked account?
As a non-European student, one must have a blocked account in a German Government-authorized bank to apply for a visa. This provides reliability that the students are capable of funding their living expenses. The current amount to validate your visa application needs a monthly allowance of 938.00 euros for the first academic year. Hence a total of 11,208 euros. The convenient way to opt for this procedure is to have a blocked account, where the minimum amount to open is 11,904 euros per annum which is 992 euros a month. One time set-up fee for RemitX is 89 euros.
| Year | Monthly Amount | Annual Amount |
|---|---|---|
|
2024
|
€992
|
€11,904
|
|
2023
|
€934
|
€11,208
|
|
2022
|
€861
|
€10,332
|
Why should you RemitX to open your blocked account?
As a student, your personal opinions matter the most when selecting a bank account. But remember to clarify the pros and cons of the bank you are choosing. RemitX do not allow minors to open blocked account. The most important factor is that RemitX has been authorized by The Foreign Office of the Federal Republic of Germany. Some other advantages includes: –
-
- It is Reliable and Trusted.
- Student-Focused Accounts
- User-Friendly Interface
- Speedy Account Opening
- Competitive Exchange Rates
- Responsive Customer Support
- Provide Seamless Visa Application
- Have Established Network
Step-by-step procedure to open a blocked account with RemitX
-
- Step 1: Visit the RemitX website and click on the “OPEN BLOCKED ACCOUNT” button.
- Step 2: Click on the “PROCEED” button after filling up the necessary details.
- Step 3: Download the account confirmation receipt.
- Step 4: Follow the minimum criteria and fund the blocked amount.
- Step 5: Now, you will receive another confirmation regarding the blocked amount.
- Step 6: Apply for your Visa. Do not forget to update your visa status in the portal.
- Step 7: After arrival in Germany, start the activation procedures.
Important Documents – Address proof on Home ground, Passport copy (front and back), PAN card copy, University letter, and Recent passport size photo.
How to activate your German-blocked account with RemitX?
Once you reach Germany, activate your account on a priority basis, by following the below-mentioned steps:
-
- Step 1: Visit your nearest RemitX branch and validate KYC documents.
- Step 2: Bank will unblock your account after they verify your KYC.
Remember your account will only be activated when you arrive in Germany.
You can make sure that creating an account goes smoothly and quickly by following the above-listed procedures. Don’t forget to submit accurate information, make the necessary deposits, and maintain all necessary paperwork on hand. Remitx is a great option for international students looking to register a blocked account in order to meet the financial requirements for studying in Germany because of its dependable services and user-friendly layout. Open a blocked account with Remitx right away to get started on the path to academic achievement in Germany!
Read more at How To Abroad:
How to open a Blocked Account with ICICI
Want to study in Germany? How To Abroad can help you achieve your academic dreams.