Comparison between Different Methods for Blocked Account

There are mainly four methods used for opening blocked account in Germany. In this article, we make the comparison to find out which is the most convenient method based on your needs.

Fintiba

This is the most convinient and fastest method to open your blocked account. If you want your blocked account right now within 1-2 days and deal with the rest when you arrive in Germany. Fintiba acts as an intermediary between you as the customer and Sutor Bank.

X-Patrio

Similar to other providers, this is also accepted & approved by German Federal Foreign Office for obtaining a German visa. In comparison with exisiting service providers X-patrio offers the cheapest Blocked Account opening process.

Deutsche bank

This is traditionally used option. However, due to large delay in application processing and a complex procedure, this method is least popular and not preferred by students in recent days. Moreover, you will be asked to open a local account and maintain 1L balance which is redundant.

Kotak Mahindra Bank

The Kotak Mahindra Bank has an arrangement with German Consulate to open savings accounts for the people applying for the German Student Visa. Although this is a convenient option for Indian students, it involves a delay in the process especially once you reach Germany.

Comparison

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Our Recommendation

Based on several students feedback received on our portal and social networks, we recommend to go with Fintiba blocked account. It is fast and highly convenient since the entire process is online.