General

​Why should I apply for a Blocked account with Coracle?

At Coracle, we offer a blocked account at the lowest cost with the best customer service. A couple of our major highlights are same-day confirmation and no monthly charges to maintain your account op…

Anna
Updated by Anna

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…

Maeen
Updated by Maeen

Can I open a blocked account if I am already in Germany?

Yes, you can open a blocked bank account even if you are already in Germany. Click here to open a blocked account with Coracle. Read more about opening a blocked account with Coracle.

Anna
Updated by Anna

Can I block more than 934 Euros per month?

Yes, it is possible to block more than 934 Euros a month. When you are applying, please select the blocked amount per month. Please contact us at support@coracle.de for more information. Click here t…

Anna
Updated by Anna

Can I open a blocked account for family reunion purpose?

Currently we are not offering blocked account for Family Reunion purposes.

Anna
Updated by Anna

What is a Blocked Account?

A blocked account is a bank account required by the German government as proof of financial means for students in Germany. The account is "restricted", meaning a specific amount of money is released…

Anna
Updated by Anna

As a tax resident for the USA, can I apply for a blocked account?

If you are a tax resident of the USA but not an American citizen, it is possible to apply for a blocked account. For example, if you are an Indian citizen with a permanent residency in the US, and no…

Anna
Updated by Anna

Will I receive interest on the money in my blocked account?

No, money in a blocked account does not accrue interest.

Anna
Updated by Anna

Why and when do I need a blocked account?

A blocked account is required when applying for a visa or residence permit to prove financial stability when coming to Germany for studies, work, family reunions, etc. It is a requirement of the Germ…

Anna
Updated by Anna

Can I open a blocked account if I am under 18 years old?

Yes, you can open a blocked bank account with Coracle even if you are under 18. For more information, write to us at support@coracle.de

Anna
Updated by Anna

Who is eligible to open a blocked account?

Anyone who is coming to Germany as a Bachelor, Master, Studienkolleg, Language student, PhD Candidate, Job Seeker, Gastgeber Host, etc. are eligible to apply for the blocked account.

Anna
Updated by Anna

Can I block money for more than 12 months?

Yes, for more information on blocking more than 12 months, please write to us at support@coracle.de.

Updated

Can I block an extra amount of money for my family?

Yes, it is possible to block additional funds for family members as per your specific embassy requirement.

Anna
Updated by Anna

Can I block money for less than 12 months?

Yes, you can block money for less than 12 months. Please keep in mind that you must block the amount requested by the German authorities with respect to your study plan.

Anna
Updated by Anna

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