Germany Increases Blocked Bank Account Deposit to €11,904 | New Proof of Funds

Worldwide learners, fasten your lederhosen! If you are studying in Germany and dreaming about schnitzel, get ready to spend a little more money. With a greater banned account requirement, the German government has decided to liven things up, which has some students feeling wurst for wear.

What Is the Big Dill, Then?

The minimum amount you must keep in your Sperrkonto (also known as a “blocked account”) starting in September 2024 will increase from €11,208 to an incredible €11,904 annually. To enter the country of beer and pretzels, you must demonstrate that you have paid the additional €696, as stated in this notice: https://www.auswaertiges-amt.de/en/sperrkonto/388600.

What Caused the Unexpected Rise?

The expense of living in Germany appears to have been increasing more quickly than a Bavarian mountain goat. The government wants to guarantee that foreign students have adequate money for housing, food, and those crucial trips to beer gardens, among other things.

What Effect Will This Have on Students?

• Budgeting Blues: This hike may force some students to make cost reductions and tighten their belts. Trips to the cheap store and ramen noodles could become the norm.
• Visa Problems: One of the most important steps in applying for a visa is having your account blocked. If you are unable to provide evidence of your financial stability, your hopes of attending university in Germany may burn out faster than a bratwurst.
• Part-Time Hustle: To help pay for their living expenses, a lot of students may need to take up part-time work. Well, at least you’ll have additional money to spend on those Berlin weekend getaways!

Remain Calm! Hope Remains:

Though this news may seem discouraging at first, there’s hope! There are many options to make studying in Germany work, and it’s still a great place to do so.

• Financial Aid and Scholarships: Investigate your opportunities for financial aid and scholarships to help defray the expense of your education.
• Frugal Living: Adopt a student lifestyle and come up with inventive ways to cut costs on entertainment, food, and travel.
• Community Support: Make friends with other foreign students and exchange advice on how to find cheap accommodation and create a budget.

While some students may find their plans disrupted by the increased blocked account requirement, it’s hardly the end of the world. You can still fulfill your dream of studying in Germany if you put a lot of thought into your preparation and use a little creativity. Prepare for an incredible journey by packing your bags, practicing your German, and getting ready.