Opening an Account
What documents are needed to open a Blocked Account?
To open a blocked account with Coracle, you need two identity documents issued by a government agency. The following documents are accepted. Passport. National ID ( personal identity card, Aadhar (In…
How long does it take to open a blocked account?
If you apply during our working hours (Monday - Friday 09:00 -17:30 CET), we will open your blocked account within 2-3 hours. If you apply out-of-office hours or on German national holidays, your acc…
Are there any monthly maintenance fees?
We do not charge any monthly maintenance fees. This puts us as the best value blocked account on the market
How can I change my university after opening my blocked account?
To change or update your university information, you can simply log into your account through our online portal. There you will be able to make any changes to your university information. Here are th…
How can I apply for a blocked account?
To apply for a blocked account, you can simply click on the link below and follow the instructions. You will be asked to choose the amount you need blocked and submit all the required information and…
I am receiving a loan that will partially cover my studies, can I block the remaining amount needed?
Yes, you can block the amount remaining after your loans.
Do I need a German current / bank account when opening a blocked account?
No, you do not need a German current / bank account when opening a blocked account. The current account is only necessary when activating your blocked account for payouts once arriving in Germany. To…
What is the cost to open a blocked account?
To open and maintain your blocked account, we charge only 99 Euros for up to 12 months as a one-time fee. When booking the PRIME package, the blocked account fee drops to 59 Euros. Unlike other provi…
My passport is currently at the embassy, can I still open my blocked account right now?
Yes, you can register for your blocked account with a scanned version or photo of your passport. If you do not have a scanned version of your passport, you will have to wait until your passport is ba…
Can I change my passport number after opening my blocked account?
Yes, you can update your passport number after opening your blocked account. You can send the new passport to support@coracle.de and we can assist you.
Do I need a German address before applying for a blocked account?
No, a German address is not required for opening a blocked account.
How can I check the status of my blocked account?
Check your status whenever you would like via our online portal. To access your online portal click here. If you are a user registered with with before 07 December 2023, click here.
Why do I need a blocked account when I apply visa for Erasmus
This question concerns only Turkish students.
