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German Blocked Account

A blocked account or Sperrkonto is a special bank account with which you can provide evidence of you financial resources during your German Visa interview.

The blocked account must have sufficient credit in order to cover the costs arising for the duration of your planned stay in Germany.

From 1 January 2021, the presumed annual requirement that must be paid into the blocked account when applying for a visa amounts to € 10,332 . The account may only permit the withdrawal of a certain amount per month (for students currently € 861 ) .

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Funds are 100% Secured

Authorized by The German Federal Foreign Office

From The ️ of Berlin


A guide to choose the perfect
Blocked Account for your German Visa application
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OUR services

Online Account Products


75

DROP MONEY Blue

  • Approved by the Federal Foreign Ministry
  • Fastest Blocked Account Registration
  • Completely Digital with no paperwork
  • Very fast refund process in case of Visa rejection
  • Fully functional web application with self service portal
  • 24/7 online
  • Real time balance check
  • Fund protection guaranteed.
    The funds are protected by Lemonway (the payment services provider) through the use of a segregation account, in accordance with Art. 10.1.(a) of the PSD2 Directive.
Blocked Account Charge - € 75
Buffer Amount - € 90
Monthly Charges - € 5 (billed annually)
* No monthly charges on visa rejection
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45

DROP MONEY Gold

  • All Features of DROP MONEY Blue Account, and...
  • Approved by the Federal Foreign Ministry
  • Public Health Insurance with BARMER or TK
  • Free ISIC card for entire duration of Blocked Account
  • Free European Current Account exclusively with REVOLUT
  • Fund protection guaranteed.
    The funds are protected by Lemonway (the payment services provider) through the use of a segregation account, in accordance with Art. 10.1.(a) of the PSD2 Directive.
Blocked Account Charge - € 45
Buffer Amount - € 90
Monthly Charges - € 5 (billed annually)
* No monthly charges on visa rejection
Open Account Now
55

DROP MONEY Platinum

  • All Features of DROP MONEY Gold Account, and...
  • Approved by the Federal Foreign Ministry
  • Free Personal Liability Insurance with liability protection upto € 50 Million
  • Public Health Insurance with BARMER or TK
  • Free ISIC card for entire duration of Blocked Account
  • Free European Current Account exclusively with REVOLUT
  • Fund protection guaranteed.
    The funds are protected by Lemonway (the payment services provider) through the use of a segregation account, in accordance with Art. 10.1.(a) of the PSD2 Directive.
Blocked Account Charge - € 55
Buffer Amount - € 90
Monthly Charges - € 5 (billed annually)
* No monthly charges on visa rejection
Open Account Now




✓ Exclusive payment partner for faster Blocked Account payments from your home country.

✓ Direct Debit facility available for payment mandates in all over Europe.

✓ Offering service to students from more than 162 countries.




Looking For A Minor Blocked Account?

Look no further, DROP MONEY now offers Minor Blocked Account for Students aged between 14 years and 18 years, the process remains the same as the normal Blocked Account, you just have to provide your Parent's Consent Form and Their KYC Documents and Admission letters for a German Academic Institution in support of your Blocked Account, if you need more information, please contact us at info@drop-money.de


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Are you in Germany

Want To Renew Your Blocked Account?

With DROP MONEY Renewal, its super easy to extend/ renew your Blocked Account for the exact amount you need starting from € 1, to show as financial evidence to extend your Visa, and you have the liberty to extend your Blocked Account from 1 to 24 months with yearly renewal charges of just € 60 and zero buffer amount, so think no more and Renew your Blocked Account with DROP MONEY.

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FAQS

Frequently asked questions

About Us - Drop Money

Drop Money is a New Age Digital platform for international students and expatriates wishing to study in Germany. Our digital solution enables you to open a blocked account and get health insurance. The Primary requirement of German visa can be easily secured while you are still in your home country.

What is Drop Money Blocked Account?

Blocked account (Sperrkonto) is a German visa requirement for internationals coming from outside the European Union (EU) and European Economic Area (EEA). The blocked account serves to prove that the applicants have adequate financial resources to live in Germany during their stay. Drop Money offers you the opportunity to open an officially approved German Blocked Account online.

How does Drop Money service work?

Drop Money is a fully digital service. products offered (DROP MONEY Blue Blocked Account, DROP MONEY Platinum Blocked Account with Health Insurance & Private Liability Insurance) you just visit our website, choose the product you are interested in, go through the questionnaire to help us tailor the service to your needs, and fill in the application form.

What is Drop Money Platinum?

Platinum Package is an all-inclusive offer for university students coming to study in Germany. This Package includes Blocked Account and Health Insurance (necessary for visa application) as well as Incoming Insurance, Private Liability Insurance & Free ISIC Card.

Are Drop Money services trustworthy?

Drop Money is officially approved by the German Federal Foreign Office. You can find Drop Money on the official webpage of the German Federal Foreign Office being recognized as a Blocked Account service provider.

Why should I Choose Drop Money?

Drop Money provide digital platform for international students to easily relocate to Germany by offering a Blocked Account and the essential Health Insurance coverage for visa application and stay in Germany. You can secure everything online and without any knowledge of German. You are also able to get all your officially approved documents in a day.

Who can use Drop Money services?

Drop Money Blocked Account services are designed to help people who are planning to apply for German Visa. No matter whether you are a university student, language school student, intern, job seeker, coming for family reunion, Drop Money Blocked Account Services will help you get all the documents required to support your German Visa application.

Once I submit my information, how long does it take to open the account?

DROP MONEY Blocked Account is a fully automated process and after successful registration, Blocked Account confirmations are sent immediately and followed by KYC process and payment instructions, usually within 24 working hours our customers receive KYC Verification status and payment instructions.

How long does it take to issue the Blocked Amount confirmation letter?

It is issued as soon as the required funds reach the blocked account. Be aware that the transaction speed completely depends on the sender bank / remittance service provider. Usually takes around 3-5 working days. Via some online providers, it is faster. Sometimes via smaller local banks takes up to 7 working days.

How can I close the Account?

Send us an email to close the account along with Embassy/Consulate letter stating Visa rejection or permission to close the Account.

Is there any cancellation fee?

There is not additional fee for cancellation. If your visa is rejected, we will refund the amount you have deposited for Blocked Account, bank transaction charges will be applied. Blocked Account cost is not refunded

What is the buffer amount?

Your home bank or financial service provider take up a forex charge on the amount you transfer. So it is better to transfer a little more than the required blocked amount. We will transfer the rest of the buffer amount to your in our first transaction.

How will I activate my Blocked Account & access my funds?

Once you have reached Germany, please send us the Flight Boarding pass copy, Immigration entry stamp on your Passport, Your University/College enrollment letter and your Current Account details (if you have not opened a current account yet, you can open a current account with our partner Revolut by visiting the partner page in our website), once these documents are submitted and verified, your Blocked Account will be activated and you will start receiving pay-outs on the 5th day of every month from thereafter.

How will I update you my details once I reach Germany?

Simply upload the necessary documents online by login into your profile

What are the renewal charges of DROP MONEY Blocked Account?

DROP MONEY Blue package can be renewed for € 60 every consecutive year, DROP MONEY Platinum can be renewed for € 50 for every consecutive year.

In which bank should I open my Current Account?

You can open a current account in any German local bank or you can open the current account with out Exclusive partner Revolut for free, just visit the Partner page in our website and open the Revolut page and click on the link available in that page to open a Free Revolut Current Account.

If I need any support, whom should I contact?

We are your single interface. We manage the entire communication and support for details like blocked account confirmation certificate, Visa document and any other clarifications.

Can the consulate verify the authenticity of the blocked account certificate?

Yes. German consulates and authorities will and shall check the authenticity and funds details online.

Who is LemonWay?

LemonWay is our payment service provider who receives and routes your funds to your Blocked Account opened with BNP Paribas

Is it accepted by German Consulates?

Yes, DROP MONEY Blocked Account is accepted in all German Consulates worldwide.

What is the name of the Insurance provider?

We provide Public Health Insurance through our partners BARMER or TK, and Private Health Insurance through our partner Mawista-Allianz.

What is the intended date of Travel?

Your travel insurance will be valid from this date. It is safer to use the start date of your visa (the date you plan to mention in the “Intended date of Travel” part of your Visa application)

I do not know the exact start date. what should I do.?

As the travel insurance will have a longer coverage period, a rough estimate of your start date is fine. If needed, you can change this date at a later date

How can I get this Travel Insurance for free?

DROP MONEY Blocked Account provide Travel Insurance free with both of its Block Accounts, Blue or Platinum, you do not need to buy a specific package to get Travel Insurance free.

Should I pay now for my Health Insurance?

No,you do not need to pay for your health insurance now, once you arrive in Germany and activate your Blocked Account from then onwards you will start paying for your health insurance.

Can I change my University after registration?

YES. Insurance is independent of University or the city. It is valid all over Germany. This is valid even if you move to different city later of internship or thesis.

Why should I register now?

A. Registering now ensure smooth enrolment process. Insurance confirmation will be sent by email, which is needed for enrolment.

B. Insurance card will be ready by the time you reach Germany. You must have insurance card if you have to visit a doctor. Make use of the time now.

How to contact you?

Best way to contact us is by writing to us to info@drop-money.de. You can also call our office during our office hours Mon-Fri 9am to 5pm CET

About Us - Drop Money

Drop Money is a New Age Digital platform for international students and expatriates wishing to study in Germany. Our digital solution enables you to open a blocked account and get health insurance. The Primary requirement of German visa can be easily secured while you are still in your home country.

What is Drop Money Blocked Account?

Blocked account (Sperrkonto) is a German visa requirement for internationals coming from outside the European Union (EU) and European Economic Area (EEA). The blocked account serves to prove that the applicants have adequate financial resources to live in Germany during their stay. Drop Money offers you the opportunity to open an officially approved German Blocked Account online.

How does Drop Money service work?

Drop Money is a fully digital service. products offered (DROP MONEY Blue Blocked Account, DROP MONEY Platinum Blocked Account with Health Insurance & Private Liability Insurance) you just visit our website, choose the product you are interested in, go through the questionnaire to help us tailor the service to your needs, and fill in the application form.

What is Drop Money Platinum?

Platinum Package is an all-inclusive offer for university students coming to study in Germany. This Package includes Blocked Account and Health Insurance (necessary for visa application) as well as Incoming Insurance, Private Liability Insurance & Free ISIC Card.

Are Drop Money services trustworthy?

Drop Money is officially approved by the German Federal Foreign Office. You can find Drop Money on the official webpage of the German Federal Foreign Office being recognized as a Blocked Account service provider.

Why should I Choose Drop Money?

Drop Money provide digital platform for international students to easily relocate to Germany by offering a Blocked Account and the essential Health Insurance coverage for visa application and stay in Germany. You can secure everything online and without any knowledge of German. You are also able to get all your officially approved documents in a day.

Who can use Drop Money services?

Drop Money Blocked Account services are designed to help people who are planning to apply for German Visa. No matter whether you are a university student, language school student, intern, job seeker, coming for family reunion, Drop Money Blocked Account Services will help you get all the documents required to support your German Visa application.

Once I submit my information, how long does it take to open the account?

DROP MONEY Blocked Account is a fully automated process and after successful registration, Blocked Account confirmations are sent immediately and followed by KYC process and payment instructions, usually within 24 working hours our customers receive KYC Verification status and payment instructions.

How long does it take to issue the Blocked Amount confirmation letter?

It is issued as soon as the required funds reach the blocked account. Be aware that the transaction speed completely depends on the sender bank / remittance service provider. Usually takes around 3-5 working days. Via some online providers, it is faster. Sometimes via smaller local banks takes up to 7 working days.

How can I close the Account?

Send us an email to close the account along with Embassy/Consulate letter stating Visa rejection or permission to close the Account.

Is there any cancellation fee?

There is not additional fee for cancellation. If your visa is rejected, we will refund the amount you have deposited for Blocked Account, bank transaction charges will be applied. Blocked Account cost is not refunded

What is the buffer amount?

Your home bank or financial service provider take up a forex charge on the amount you transfer. So it is better to transfer a little more than the required blocked amount. We will transfer the rest of the buffer amount to your in our first transaction.

How will I activate my Blocked Account & access my funds?

Once you have reached Germany, please send us the Flight Boarding pass copy, Immigration entry stamp on your Passport, Your University/College enrollment letter and your Current Account details (if you have not opened a current account yet, you can open a current account with our partner Revolut by visiting the partner page in our website), once these documents are submitted and verified, your Blocked Account will be activated and you will start receiving pay-outs on the 5th day of every month from thereafter.

How will I update you my details once I reach Germany?

Simply upload the necessary documents online by login into your profile

What are the renewal charges of DROP MONEY Blocked Account?

DROP MONEY Blue package can be renewed for € 60 every consecutive year, DROP MONEY Platinum can be renewed for € 50 for every consecutive year.

In which bank should I open my Current Account?

You can open a current account in any German local bank or you can open the current account with out Exclusive partner Revolut for free, just visit the Partner page in our website and open the Revolut page and click on the link available in that page to open a Free Revolut Current Account.

If I need any support, whom should I contact?

We are your single interface. We manage the entire communication and support for details like blocked account confirmation certificate, Visa document and any other clarifications.

Can the consulate verify the authenticity of the blocked account certificate?

Yes. German consulates and authorities will and shall check the authenticity and funds details online.

Who is LemonWay?

LemonWay is our payment service provider who receives and routes your funds to your Blocked Account opened with BNP Paribas

Is it accepted by German Consulates?

Yes, DROP MONEY Blocked Account is accepted in all German Consulates worldwide.

What is the name of the Insurance provider?

We provide Public Health Insurance through our partners BARMER or TK, and Private Health Insurance through our partner Mawista-Allianz.

What is the intended date of Travel?

Your travel insurance will be valid from this date. It is safer to use the start date of your visa (the date you plan to mention in the “Intended date of Travel” part of your Visa application)

I do not know the exact start date. what should I do.?

As the travel insurance will have a longer coverage period, a rough estimate of your start date is fine. If needed, you can change this date at a later date

How can I get this Travel Insurance for free?

DROP MONEY Blocked Account provide Travel Insurance free with both of its Block Accounts, Blue or Platinum, you do not need to buy a specific package to get Travel Insurance free.

Should I pay now for my Health Insurance?

No,you do not need to pay for your health insurance now, once you arrive in Germany and activate your Blocked Account from then onwards you will start paying for your health insurance.

Can I change my University after registration?

YES. Insurance is independent of University or the city. It is valid all over Germany. This is valid even if you move to different city later of internship or thesis.

Why should I register now?

a. Registering now ensure smooth enrolment process. Insurance confirmation will be sent by email, which is needed for enrolment.

b. Insurance card will be ready by the time you reach Germany. You must have insurance card if you have to visit a doctor. Make use of the time now.

How to contact you?

Best way to contact us is by writing to us to info@drop-money.de. You can also call our office during our office hours Mon-Fri 9am to 5pm CET

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