How to open a German blocked account for your Chancenkarte

Are you planning to move to Germany with the Chancenkarte? Then it is crucial to meet the financial requirements. An important part of this is to prove that you have sufficient financial means to cover your living expenses. With the Chancenkarte Blocked Account powered by Fintiba, this process is quick and straightforward.

What is a blocked account?

A blocked account, also known as a ‘Sperrkonto’, is a special bank account that is often a requirement for a German visa. It proves the German authorities that you have sufficient financial means to support your cost of living after your arrival in Germany. Once you’ve opened your Blocked Account, you’ll transfer the required funding of the account, which will be ‘blocked’ until you arrive in Germany. You’ll receive a monthly payout from this account to cover your expenses. The blocked account is one way to prove your financial independence for application for the Chancenkarte.

How much money is needed for the blocked account?

To obtain the Chancenkarte” you have to prove your financial independence for living in Germany. This requires monthly savings of €1,027.00 for 12 months, so a total of €12,324.00 (as of 2024). There is also an application fee of €89.00 and monthly costs of €4.90.

Why we chose Fintiba as our partner for the blocked account

Fintiba is the first digital blocked account provider in Germany and is one of the leading providers. Since 2017, Fintiba has already successfully accompanied over 300,000 internationals worldwide on their way to Germany. The Fintiba blocked account is officially recognized by the German Federal Foreign Office.

Here are more reasons to choose Fintiba:

• Accepted by German authorities worldwide
• High security guarantee and deposit insurance
• Account opening in your name with a trusted German partner bank
• Fast account opening in less than 10 minutes
• Step-by-step guidance through the Fintiba app
• Immediate blocking confirmation upon credit card payment
• Quick access to your money after arrival in Germany – no residence registration
  needed
• Multi-lingual customer service
• Free choice of any German bank account

How do I open a Chancenkarte Blocked Account for my visa application?

To obtain the Chancenkarte Blocked Account powered by Fintiba, you can conveniently open your blocked account online – without any complicated bureaucracy. The best part: all you need is your passport. Simply follow these step-by-step instructions to effortlessly go through the entire process.