Higher Costs for International Students: New Blocked Account Amount Revealed

If you’ve been considering studying in Germany, there’s important news you need to know. Starting January 1, 2023, the country is planning to increase the amount required for a blocked account for international students applying for a student visa. The presumed annual requirement that must be paid into the blocked account will rise to €11,208, marking an 8.5% increase from the current amount. This means you’ll need to be financially prepared for the changes if you’re dreaming of pursuing your education in Germany.

A blocked bank account, known as “Sperrkonto” in German, plays a crucial role in the student visa application process for international students and job seekers. It serves as proof of your financial resources to cover living expenses in Germany for a year. With the revised requirements coming into effect in 2023, it’s essential to plan your finances accordingly.

To meet the new criteria, make sure you have the minimum amount of €11,208 in your blocked account. Take note that the monthly withdrawal limit from the account will also increase to €934, offering you more financial flexibility during your stay in Germany. Adequate financial planning will be key to ensuring a smooth visa application process and a comfortable study experience.

Living Expenses in Germany: Learn about the Increased Monthly Withdrawal Limit!

Understanding the living expenses in Germany is vital for international students preparing to pursue their education there. With the increased monthly withdrawal limit from the blocked account, you’ll have a higher budget at your disposal for accommodation, food, transportation, and other essential expenses.

It’s crucial to budget wisely and plan your expenses to make the most of your time in Germany. The higher withdrawal limit of €934 per month allows you to have a better quality of life and explore more opportunities outside of your academic commitments.

In conclusion, as of January 1, 2023, the German government is implementing an 8.5% increase in the required amount for a blocked account for international students. To successfully get your student visa and have a comfortable stay in Germany, ensure you have at least €11,208 in your blocked account and understand the updated monthly withdrawal limits.

By staying informed and financially prepared, you can embark on your educational journey in Germany with confidence, knowing you have the resources to thrive academically and personally in this vibrant and diverse country. Start planning today and make your dream of studying in Germany a reality!