In this article, we will answer all the questions that revolve around the subject of a closed bank account in Germany via FentepaFintiba, and how to explain the opening of a closed account in Germany in order to obtain a study visa in boring detail.

What is a closed bank account?

It is a frozen bank account that you open while you are outside Germany in order to obtain a study visa in Germany, for the purpose of proving the financing of your studies in Germany. Monthly predetermined.

What is the Fintiba?

Fentipa is not a bank and does not offer financial products or banking services. Fentepa is the intermediary between you and the bank and its office is located in Frankfurt, as it deals with “Sutor Bank” is a private bank headquartered in Hamburg, which is accredited by German consulates and embassies.

How much is required to deposit in the bank as a minimum?

€10425 is the minimum deposit amount, including the value of the account opening service, which amounts to €89 as fees for opening a closed account, in addition to a monthly fee of €4.90 for the deposit service.

How much is allowed to withdraw monthly from the account?

853Euros per month only as a maximum, in case you transfer an amount higher than 10425 Euros, you can then withdraw the increase without limits.

When should the account be opened?

Before applying for a study visa or a long visa, a period that allows the completion of the procedures before the date of the interview. As for the work visa, it is not required to prove a bank account, because you have a work contract with a specific salary.

Is it necessary to obtain acceptance from the university or something similar before opening the account?

The answer is no. What distinguishes this service is that you only need a passport to be able to open the account.

How long does it take to open an account?

The account is opened within a few, but the conversion period may take from a week to meTwo weekends sometimes it may take several more days.

What are the steps to open a closed account? Via Fintiba?

1. You go to their sitehttp://www.fintiba.com
2. go for option study in Germany from which to choose a blocked account and click OPEN ACCOUNT NOW to start creating the account. You should pay attention to the accuracy of the information and be identical to the passport information.
3. You will then receive an email to complete the account opening process.
4. You are then required to upload a passport photo and a personal photo directly via the site from the mobile phone camera or computer. There are instructions. The site itself provides you with instructions for a personal photo before taking it.
5. After that, you wait for the confirmation process from the broker itself“Fintiba”, which takes a few days, you have to follow your email and your account on the “Fintiba” website.
6. After confirmation, two files will be sent to you in the form of pdf One of them is a contract between you and the broker explaining to you all the conditions and information in addition to the amount to be deposited, and the other file contains your bank account data and the data needed to transfer the required amount of money and its current value is 10425€, not including the transfer cost and the currency difference that you bear.
7. After transferring the required amount of money, you have to wait for a while hours, sometimes a week approximately, you have to follow your online account on the site“Fintiba” and your private email.
8. Upon confirmation of the money transfer, two files will be sent to you pdf One of them is a “Kontoauszug” account statement, and this is the file that you must print two copies of and bring to the interview with the German representation, and the other file is customer information and this file is for you.
9. All files sent to you by“Fintiba” remain in your account on their site but you must keep your own external copy.
10. When you arrive in Germany, the site asks you to upload a copy of your visa when it is issued and to specify your place of residence in Germany in addition to the registration paper from the municipality, and you complete the procedures and withdraw the specified amount per month, which is only €853. Note that any amount in excess of the specified value of the closed account is not subject to the conditions of booking Financial and disposed of.

What if there is an emergency or I receive a visa refusal and I cannot travel to Germany?

According to the agreement contract sent by the bank, the full amount can be returned under two basic conditions, either with the express written consent of the customer, or a certificate from the German representation stating that your visa application was rejected.

How can I then contact the bank to ask them about the application?

You can contact the bank electronically via your registered mail when opening the account, or through the Contact Us page from their official website.

What after arriving in Germany, is the closed account opened immediately?

The answer is no, as the bank requires you to register your home address in the municipality and it is called in GermanAnmeldungIt must be submitted to the bank and then your account is opened immediately, and the bank card and password are sent to the home address that you provided to them.

Note: In order to register in the municipality, you must have a housing contract with you, or someone who owns a large house can go with you and say that you live with him and your name will be registered at his address, take the paper and submit it to the bank to continue the procedures.

Will it require me every year after that to top up my balance with €10425?

The answer is yes unless you have a sponsor from Germany or you have a work contract as a student in which you cover your expenses.

Is it possible then to find a sponsor in Germany? If there is a guarantor who meets the sufficient conditions, he can sponsor you, so that he submits the necessary papers with his bank statements and proves his work at the Foreigners and Residence Office in his city, and thus obtains a sponsorship paper called in GermanVerpflichtungserklärung