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Updated: 2024-03-07 | Duration: 13 min.

Which blocked account providers are accepted and secure for a (student) visa in Germany?

The complete list with a comparison focused on banking models and protection 2024

"Which blocked accounts are accepted for the visa by the German Foreign Office?"

"What is the best and most secure blocked account for Germany?"

"Which blocked account provider is the cheapest?"

"And what are the differences between the various providers (especially Fintiba, Coracle, Expatrio)?"

These are the questions we at MyGermanUniversity repeatedly receive from international students and German universities. And rightly so: because the blocked account market is almost impossible to keep track of for outsiders! There are two main reasons for this: 

  1. Students now have a choice of a good dozen providers in Germany and abroad, after Fintiba (💰​ = affiliate link)​​​​ became the first provider to enable the digital opening of a blocked account in 2017 (until then, this was only possible offline via Deutsche Bank). The providers differ in a number of factors, in particular, the banking model and security (deposit protection, technical infrastructure), the range of additional services (health insurance, travel insurance, etc.), and the pricing model.

  2. On the other hand, the German Foreign Office has no longer provided a list of providers since the scandal surrounding the blocked account provider BAM in 2021. However, German embassies continue to name individual providers - without presenting a complete list or addressing the differences.

It is difficult for international students to find the right blocked account. Mainly because they come across many affiliate sites or influencers during their Internet research that advertise the provider from which they receive a commission as the best one - without explaining the respective reasons and naming alternatives.

 

As MyGermanUniversity, we have therefore set ourselves the goal of publishing a complete list of all providers and comparing them on the basis of characteristics that are as objective as possible.
 

To do this, our team conducted careful research, within the framework of which we held talks with industry experts who explained the banking models to us. Moreover, we sought out discussions with all blocked account providers. We wanted to find out firsthand what makes a good blocked account and what differentiates the providers. We also wanted to give each provider the opportunity to explain their model and clarify any unanswered questions.

 

Before we get into the topic, a few notes are necessary:

  • Accuracy of the information: Despite our diligent research, we cannot guarantee the completeness of the list or the accuracy of the information. If any information about the providers is missing or requires correction, we are grateful for a note by email

  • Disclaimer: This article is for general information only and cannot replace your own research. We, therefore, exclude any liability. As with any other financial product, everyone should inform themselves before choosing a provider.

  • Objectivity: We have tried to make our approach as objective and transparent as possible. Nevertheless, the choices we use to compare providers remain subjective to a certain extent. Everyone is free to come to a different decision.

  • Partnership: We partner with the following blocked account providers: Fintiba, ICICI Bank, Care Concept. The relevant links ðŸ’° in this article are so-called affiliate links (you can easily recognize them by the 💰 symbol following). We receive a small commission when someone clicks on the link and makes a purchase. However, this does not result in any additional costs for the customer.

List of all online blocked account providers for international students in Germany

In a hurry? Here are the results in brief!  The complete list (including offline providers) and explanations of the comparison criteria and sorting can be found below. 

No.

Provider
(Location)

 

Availability
 

Banking Model

Partner
Bank

European
Deposit Protection

Link

Price for 1 year

1)

Fintiba 🇩🇪
(Germany)

💰

    🌎 *

German partner bank

Sutor Bank
(Germany)

 

✅
(Germany) 

more
info
💰

€147.80

2)

Expatrio 🇩🇪
(Germany)

    🌎 * incl. USA

Belgian partner bank with German branch

Aion Bank
(Belgium)

 

✅
(Belgium)

more
info

€109.00

3)

Care Concept 🇩🇪 (Germany) 
💰

    🌎 *

Vietnamese partner bank with German branch

Vietnam
Joint Stock Commercial
Bank for
Industry and
Trade
(VietinBank) [Vietnam]

 

✅
(Germany)

more
info

💰

€108.80

4) 

ICICI 🇮🇳
(India)
 
💰

India only

own British bank with German branch

ICICI Bank
(UK)

 

✅
(Germany)

more
info

💰

€150.00

5)

Coracle 🇩🇪
(Germany)

    🌎 *

Escrow model with payment service provider in France

Partner
bank of
Lemonway 
(France)   

✅
(France)

more
info

€99.00

6)

Edubao 🇩🇪
(Germany)

    🌎 *

Escrow model with payment service provider in France

Partner
bank of
Lemonway 
(France)       

✅
(France)

more
info

€149.00

7)

Studely 🇫🇷 (France)

    🌎 *

Escrow model with payment service provider in France

Partner
bank of
Lemonway 
(France)  

✅
(France)

more
info

€116.70

8)

RemitX 🇮🇳
(India)

India only

Escrow model with lawyer in Germany

Lawyer Eric Neuendorff (Germany) +
RemitX
(Capital India)

✅
(Germany)

more
info

€149.00

9)

Kotak Mahindra 🇮🇳 (India)

India only

Own Indian banking license

Kotak
Mahindra
Bank (India)

 

❌
(India)**

more
info

estimated €150-200
***

10)

DDKonto ðŸ‡¨ðŸ‡³
(China)

China only

(no info)

(no info)

(no info)

more
info

€147.80

11)

DropMoney 🇪🇸 (Spain)

[temporarily no new accounts]

    🌎 *

Escrow model with payment service provider in France

Partner
bank of
Lemonway 
(France)    

✅
(France)

more
info

€130.00

* There may be exceptions for individual countries (e.g. high-risk countries).
** Statutory deposit insurance for Indian banks covers only a part of the blocked account amount.
*** Kotak Mahindra charges a fee per transaction.

The sorting within the list comes from the following criteria (in the order mentioned):

  • banking model
    • Direct Bank integration (with German banks vs. other European banks vs. Non-European banks)
    • Escrow Model (Payment Service Provider vs. Personal Model) 
  • availability (worldwide vs. only specific countries)
  • total number of customers
  • and provider name (A-Z).

The sorting criteria are explained and justified in more detail below: 

1) Banking model (direct banking integration vs. escrow model): In the direct banking model, the blocked account is opened in the customer's name at a bank without anyone else in between - whereas, in the escrow model, the account is opened in the name of a third party (the so-called trustee). The direct banking model is, therefore, much easier for customers to understand than the escrow model because fewer parties are involved. The protection mechanism is also easier to understand: in the case of a direct banking model, the deposit guarantee takes effect, while in the escrow model (as in the case of the French deposit guarantee) two different mechanisms come into play depending on the scenario: in the event of the trustee's insolvency, ringfencing (segregated accounts) takes effect and only in the event of the bank's insolvency does the deposit guarantee take effect. The fact that both models are very secure is unaffected by this.

The direct banking model fully complies with the General Administrative Regulation on the Residence Act of October 26, 2009 by the Federal Ministry of the Interior (BMI) since the account is set up in the name of the student and at a financial institution which is permitted to carry out banking services in the federal German territory. In the escrow model, where the account is set up in the name of a trustee and not in the name of a student and opened with a payment-service-provider instead of a financial institution which is permitted to carry out banking services in the federal German territory, does not strictly comply with this requirement - but is also accepted in most of the cases.

The sorting within providers with a direct banking model is as follows: 

We list providers that have a partner bank with a European banking license before providers with a partner bank that does not fall under European regulation. This is due to the fact that banks in Europe are subject to a harmonized deposit protection scheme (100,000 euros). Non-European banks that do NOT have a banking license for Germany (e.g. Kotak Mahindra) are listed only after the escrow models - since they do not comply with the General Administrative Regulation on the Residence Act of October 26, 2009.

2) Availability (worldwide vs. only in a certain country): We list providers who generally offer their blocked accounts worldwide (although individual countries may be excluded) before those providers who are only available for certain countries. 

3) Number of customers: We sort providers with the same direct banking or escrow model according to their total number of customers (i.e. total blocked accounts opened since their foundation) published on their website. Providers who do not publish any information on this are ranked behind those who provide figures. 

4) Name of the provider (A-Z): In the case of equality in the above criteria, providers are sorted alphabetically.

Providers that are still active but currently do not accept new customers are listed at the end of the list.

Our recommendation: The best in comparison (Fintiba)

The market leader Fintiba performs best in our comparison. This is because Fintiba is the only provider to offer the blocked account at a German bank with German deposit protection. Fintiba is also the best provider overall in terms of expertise (years since launch, number of customers) and speed (instant blocking confirmation option via credit card; account activation) and one of the best in customer satisfaction.

Why do we recommend Fintiba? 🤔

🥇 Market leader with the most extensive experience: more than 200,000 customers since 2017
🏦 Direct connection to German partner bank (Sutor Bank)
🛡️ Fully protected by the German Deposit Protection
🌎 Worldwide availability (with a few exceptions, including the USA) 

More info about the blocked account

Go to Fintiba 💰

💰 = We receive a small commission for Fintiba products sold through this link. However, this does not result in any additional costs for the customer.

What you should know in advance about the blocked account

Why the blocked account is the best solution for your visa application

If you want to study in Germany as an international student and you come from a non-EU country that requires a visa, you have to apply for a student visa or a student applicant visa. You must prove that you have sufficient financial means to cover your stay in Germany.
 

For this purpose, the blocked account is the generally accepted standard solution for proof of financial means and is - as a matter of fact - accepted by all (local exceptions may apply) German embassies (based on the General Administrative Regulation on the Residence Act of October 26, 2009, §16.0.8.1). Some foreign embassies, e.g., the German embassy in Colombia, even accept other proofs of financial means (such as the declaration of commitment) only in justified exceptional cases (source). 

 

In fact, the blocked account is the most convenient solution for German embassies abroad and for you because it is fast, secure, and binding. With other proofs of financing - such as the bank guarantee - the embassy has discretionary powers, which can lead to the rejection of your visa application. In addition, the opening of a blocked account can now be done quickly and easily digitally. Whereas in the past you had to visit the German mission abroad (embassy, consulate) in person to have your documents for opening a blocked account at Deutsche Bank certified in paper form, today you can open the account online in a few minutes.

The blocked account is one of the ways international students can prove that they have sufficient funds to cover their living expenses (including sufficient health insurance coverage) for a residence permit (visa) to study in Germany. The amount to be paid into the blocked account corresponds to the maximum BAföG funding rate (§§ 13 and 13a paragraph 1 BAföG).

The Federal Ministry of the Interior (BMI) set the legal requirements for this financial proof in the General Administrative Regulation on the Residence Act of October 26, 2009. It states: 


"16.0.8.1 The requirements are satisfied in particular (...) by the payment of a security deposit into a blocked account at a financial institution which is permitted to carry out banking transactions in the federal territory, from which only 1/12 of the deposited amount may be paid out each month; the blocked account must be set up in the name of the student and the blocking note must be entered in favor of the public-law regional authority to which the competent foreigners authority is to be attributed (...)"

 

Concerning the banking models of the various blocked account providers, the following aspects are important:  

 

1) Banking license in Germany: according to the administrative regulation, the blocked account must be set up with a financial institution that has a license to carry out banking transactions in Germany. 

→ The provider does not necessarily have to be a German bank - foreign banks also fulfill this requirement as long as they have a corresponding BaFin registration (see the BaFin database). In the case of non-European banks without a German banking license - such as Kotak Mahindra (India) - there is a risk that the foreigners authority in Germany will not recognize the account abroad as sufficient. 
 
2) Account opening in the student's name: According to the administrative regulation, the blocked account must be set up in the student's name. The so-called escrow models, where the account is set up in the name of a trustee, do not strictly comply with this requirement. 

→ In practice, this regulation is interpreted quite differently. In most cases, German embassies and immigration authorities do recognize escrow providers. However, there have been repeated cases in which the local immigration authority in Germany has not recognized a blocked account issued in the name of an escrow provider, citing the administrative regulation. 


We consider these factors in the list of providers by prioritizing providers with a banking license in Germany. At the same time, we would like to point out that most embassies and foreigners offices in Germany interpret the administrative regulation in favor of blocked account providers with an escrow model (including Coracle and Edubao) and also recognize them. We, therefore, list the companies among the accepted blocked account providers - even though rejections may occur in individual cases due to the administrative regulation quoted above.

How the blocked account works

How does the blocked account work? You transfer a fixed sum in advance (currently 11,208 euros for one year or 934 per month) to an account from which the money may only be transferred for a specific purpose (living expenses during your studies) and in fixed tranches. That's why it is called a "blocked account"!

 

If you would like to learn about the subject of blocked accounts in a more detailed way, then take a look at this comprehensive guide. Among others, there you will find answers to the questions like:

  • How to withdraw the money from the Blocked Account?
  • Is it free to have a Blocked Account?
  • Do I need a Blocked Account every year?
  • How should I open a Blocked Account?
  • When should I open the Account?
  • How long does it take to open an Account?
  • How can I transfer the money to the Account?
  • Can I get my money back if my visa is rejected?
  • How should I close the Blocked Account?
  • What are the alternatives to the Blocked Account?
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Further Reading

Blocked Account: An Overview

Which blocked account providers are accepted by the German Foreign Office?

Until the BAM! scandal came to light in the summer of 2021, the Federal Foreign Office published a list of providers on its website who, to its knowledge, offered blocked accounts throughout Germany.

 

The last published version of July 15, 2021 (source) looked like this:

Since the version of 23 July 2021, this list has been offline. The German Foreign Office writes that the list is "currently being reviewed" (source).

According to various sources, the German financial supervisory authority BaFIN is conducting a review process of the individual blocked account providers. It is unclear when the review will be completed and with what result.

 

Despite that, numerous German embassies continue to name individual providers. However, these mentions should be treated with caution: The lists are consistently incomplete and do not represent a recommendation on the part of the embassy.

 

In principle, all blocked account providers we researched are suitable for visa applications and accepted by the German Foreign Office (local restrictions may apply). 

However, providers that do not comply with the General Administrative Regulation on the Residence Act of October 26, 2009 (by the German Federal Ministry of the Interior - BMI) in terms of the banking license for Germany and the account opening in the student's name may be rejected by the embassy or foreigners office in individual cases, cf. our explanations on the legal requirements for blocked accounts (see above).

Why the German Foreign Office has not published an official list since 2021: The scandal surrounding the blocked account provider BAM!

In the summer of 2021, a scandal involving the blocked account provider BAM - Bundesweites Anlagenmanagement UG (Berlin/Hamburg) shook the scene: some 500 international students had been unable to make any withdrawals since June 2021. (cf. Der SPIEGEL, July 17, 2021 and July 22, 2021; Der Tagesspiegel, July 30, 2021). This is because BAM had illegally stored the funds on its own account at Aareal Bank in Wiesbaden instead of opening separate blocked accounts under the students' names as required. The funds were thus not protected. 


Due to this "unauthorized deposit business," the German financial supervisory authority BaFIN prohibited BAM from operating in July 2021. However, it took weeks for those affected to get their money back. The Federal Foreign Office had to put up with criticism from the Federal Association of Foreign Students (BAS) e.V., among others, for not having adequately monitored the blocked account providers.

What differentiates the blocked account providers

Anyone who has ever taken a look at the websites of blocked account providers will notice: that many provider claim to have the simplest, fastest, and best solution. 

 

However, in fact, providers differ considerably - especially in terms of how secure and transparent the blocked account solution is. From discussions with the respective providers and industry experts, we have identified the most important criteria that we consider essential for choosing the right provider.

A

Transparency 🔎

Do you know where your blocked account will be, who is involved, and whether your money is safe?

Before you transfer more than 11,000 euros somewhere, you surely want to know where your blocked account will be, don't you? 

 

  • Is it a bank in Germany (with German IBAN), or in Europe (with German IBAN), or in Europe (without German IBAN), or a bank outside of Europe?

  • Is the account opened directly for you? Or are any foreign payment providers or lawyers interposed as trustees? 

  • Is your money secured by the deposit protection there? Or do you have to hope that the worst-case scenario never happens?

 

These questions are really fundamental. It is all the more surprising how carelessly most providers deal with them - in terms of transparency. Even with large providers, you sometimes have to delve deep into the privacy policy, read the FAQ, or search around on some support pages to get an answer. And with some of them, the answer is not even clear.

 

Our tip: You can recognize trustworthy providers by the fact that they inform you transparently before registration about the bank where your blocked account will be, whether you will receive a German IBAN, and whether it is protected by deposit protection.

 

Conversely, it's not a good sign if you have to search for a long time to find this basic information!

B

Banking Model 🏦


Will your account be opened directly with a bank or through a trustee ("escrow model")?

There are two different banking models for the blocked account: 

 

1) Directly at a bank

 

With this solution, your blocked account is opened directly at a bank - headquartered either in Germany or abroad. Depending on the banking system, your account will enjoy the full protection of the deposit insurance. You will get your money back even in case of insolvency, theft, fraud...).

 

a) Blocked account provider with a German Bank

  • Fintiba 💰(Germany): 🇩🇪 German Bank with German deposit protection (source)


b) Blocked account provider with another European Bank

 

c) Blocked account provider with Non-European banks 

  • Care Concept 💰 (Germany): 🇻🇳 Vietnamese bank with German deposit protection (source)
  • Kotak Mahindra: 🇮🇳 Indian bank with Indian deposit protection

 

2) Escrow model


In this solution, the providers involve a trustee between you and the bank, who opens a so-called escrow account for you and keeps it separate from his own assets. In the escrow account, you are NOT the account owner, but the trustee is. The relationship between the trustee (as owner) and you (as trustor) is regulated by an additional contract.

Used by the following service providers:

  • worldwide: Coracle, Edubao, Studely, (DropMoney*)
  • only in India: RemitX

*has suspended its service temporarily (no new blocked accounts offered).

RemitX (India) interposes a German law firm as a trustee (see the Terms & Conditions). 


All other blocked account providers with escrow accounts use one online payment service provider:

Although the escrow model is technically is a little bit more complicated than the model with a direct bank connection, it is also very secure. In the event of bank insolvency, your deposits are also protected by the deposit guarantee (up to 100,000 euros). 

 

  • In the case of RemitX, the German deposit guarantee applies (source).
  • In the case of Lemonway, the French deposit guarantee applies (source). 

 

If the trustee becomes bankrupt, the funds are also protected by so-called ring-fencing. This means that customer funds e.g. held by Lemonway are segregated in separate accounts at the banks. Here you can find more information about how Lemonway safeguards the funds.  

C

Safety 🛡️

Is your money in the blocked account protected by European deposit protection in case of an emergency?

Anyone who entrusts their money to a bank does so in order to keep it safe there. However, many people forget: 

Banks can also go bankrupt or become victims of criminal acts. 

Germany has a very robust and regulated financial system, yet there have been a number of banks and payment service providers that have gone bankrupt here recently:

  • 2021: Bankruptcy of Greensill Bank in Bremen (Germany)

  • 2023: Bankruptcy of North Channel Bank (Mainz / Germany) 

  • 2023: Bankruptcy of Neobank Ruuky (Hamburg /Germany), which acted as a payment service provider (so-called e-money agent) for a Belgian banking partner PPS EU SA.

 

Even major international banks can get into trouble:

Let Europe's deposit protection safeguard your money (up to €100 000)

Even though bank bankruptcies are still very rare in Germany, it is reassuring to know that your money is safe. This is because your deposit is protected for up to 100,000 euros by the statutory deposit protection, which is mandatory for all banks.

 

There is a separate law for this (Deposit Guarantee Act), which also stipulates that everything is automatic in this case: 

  • You will receive your money back no later than seven working days after the Federal Institute has determined that you are entitled to compensation.

  • You do NOT have to apply to the deposit protection system for this. 

For more information on statutory deposit insurance at BaFIN.

Blocked account providers with German deposit protection (100.000 Euro)

a) with German Banks:

  • Fintiba💰: 🇩🇪 Sutor Bank

b) with Non-German Banks:

c) with escrow model: 

  • RemitX (available only in India 🇮🇳): Escrow model with lawyer in Germany  (source)

The following comparable deposit insurance schemes exist in Europe:
 


Further information on deposit insurance in the EU and worldwide can also be found at the Deposit Insurance Portal (in German).

Blocked account providers with other European deposit protection (100.000 Euro)

 

a) with European Bank:

b) with escrow model:

Blocked Account Provider with Non-European Deposit Guarantee

  • Kotak Mahindra: 🇮🇳 Indian bank with Indian deposit protection

❗Important: With Kotak Mahindra, the blocked account is located in India and will not have a German IBAN - which may lead to problems with recognition by the German authorities in individual cases (see the wording of the administrative regulation).

D

More criteria

Other differences between blocked account providers

In addition, there are at least a number of other criteria according to which providers differ.

 

 

Criteria

Options

Location
of the company

in Germany

abroad

Availability

worldwide

only in certain countries

Application 

online 

offline only

Speed

(gradual differences)

Pricing model

One-time payment

One-time payment + monthly fee

More offers

Blocking account only

Statutory health insurance

International travel insurance

Liability insurance

Blocked Account
Expertise

How many years has the blocked account been offered?

Number of
customers

How many customers does the provider have?

Customer satisfaction

How satisfied are the customers?

List of all accepted blocked account providers for a visa in Germany

The following list is intended to give students an overview of blocked account providers and make it easier for them to compare them based on objective criteria that we at MyGermanUniversity consider relevant. However, the question of which blocked account provider is the best must be answered individually by each student. We therefore encourage all readers to make their own judgment based on their personal preferences.

A) Online provider with German bank and German deposit protection

No.

Provider
(Location)

 

Availability
 

Banking Model

Partner
Bank

European
Deposit Protection

Link

Price for 1 year

1)

Fintiba 🇩🇪
(Germany)

💰

    🌎 *

🇩🇪German partner bank

Sutor Bank
(Germany)


 

✅
(Germany) 

more
info
💰

€147.80

* There may be exceptions for individual countries (e.g. high-risk countries).

B) Online provider with another European or Non-European bank and European deposit protection

No.

Provider
(Location)

 

Availability
 

Banking Model

Partner
Bank

European
Deposit Protection

Link

Price for 1 year

2)

Expatrio 🇩🇪
(Germany)

    🌎 *
incl. USA

Belgian partner bank with German branch

Aion Bank
(Belgium)

 

✅
(Belgium)

more
info

€109.00

3)

Care Concept 🇩🇪
(Germany)
 ðŸ’°

    🌎 *

Vietnamese partner bank with German branch

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) [Vietnam]

 

✅
(Germany)

more
info

💰

€108.80

4) 

ICICI 🇮🇳
(India) 💰

India only

own British bank with German branch

ICICI Bank
(UK)

 

✅
(Germany)

more
info

💰

€150.00

* There may be exceptions for individual countries (e.g. high-risk countries).

C) Online providers with escrow model and deposit protection

No.

Provider
(Location)

 

Availability
 

Banking Model

Partner
Bank

European
Deposit Protection

Link

Price for 1 year

5)

Coracle 🇩🇪
(Germany)

    🌎 *

Escrow model with payment service provider in France

Partner bank of Lemonway (France)   

✅
(France)

more
info

€99.00

6)

Edubao 🇩🇪
(Germany)

    🌎 *

Escrow model with payment service provider in France

Partner bank of Lemonway (France)     

✅
(France)

more
info

€149.00

7)

Studely 🇫🇷 (France)

    🌎 *

Escrow model with payment service provider in France

Partner bank of Lemonway (France)     

✅
(France)

more
info

€116.70

8)

RemitX 🇮🇳
(India)

India only

Escrow model with lawyer in Germany

Lawyer Eric Neuendorff (Germany) + RemitX (Capital India)

✅
(Germany)

more
info

€149.00

* There may be exceptions for individual countries (e.g. high-risk countries).

D) Online providers with Non-European bank and non-European deposit protection

No.

Provider
(Location)

 

Availability
 

Banking Model

Partner
Bank

European
Deposit Protection

Link

Price for 1 year

9)

Kotak Mahindra 🇮🇳 (India)

India only

Own Indian banking license

Kotak Mahindra Bank (India)

 

❌
(India)
**

more
info

estimated €150-200
***

10)

DDKonto 🇨🇳
(China)

China only

(no info)

(no info)

(no info)

more
info

€147.80

** Statutory deposit insurance for Indian banks covers only a part of the blocked account amount.
*** Kotak Mahindra charges a fee per transaction.

E) Offline providers (application only possible on site in Germany)

No.

Provider
location

 

Availability
 

Banking
Model

European
Deposit Protection

Link

Price
(1 year)

12)

Sparkasse 🇩🇪
(Germany)

Germany
only

More than 200 local Sparkasses

✅
(Germany)

more
info

contact Local Sparkasse 🇩🇪

 

F) Providers no longer active (no new applications possible)

AllyWays (Germany) seems to have suspended its service. The website has been offline since early 2024.

DropMoney (Spain) has suspended its service since early 2024 - offering no new blocked accounts (more information).

Deutsche Bank (Germany) has NOT offered a blocked account for international students since 2021 and only serves existing customers who already have one (more information).

Our recommendation: Fintiba

The market leader Fintiba performs best in our comparison. This is because Fintiba is the only provider to offer the blocked account at a German bank with German deposit protection. Fintiba is also the best provider overall in terms of expertise (years since launch, number of customers) and speed (instant blocking confirmation option via credit card; account activation) and one of the best in customer satisfaction.

More info about the blocked account

Go to Fintiba 💰

💰 = We receive a small commission for Fintiba products sold through this link. However, this does not result in any additional costs for the customer!