5 Countries Requiring Blocked Accounts for International Students: What You Need to Know

Planning to study abroad? Some countries require international students to open a blocked account as part of the visa application process. A blocked account is a specific type of bank account where funds are set aside and cannot be accessed until a certain period or condition is met. Here are some countries currently asking students for blocked accounts:

These countries are currently asking students for blocked account. Belgium, Germany, Netherlands, Switzerland, Norway. Any similarities??

1. Germany: As of now, Germany requires international students to prove they have sufficient funds to cover their living expenses during their stay. One way to do this is by opening a blocked account, where students deposit a specific amount of money (currently around €10,332 per year) that is only accessible upon arrival in Germany.

2. Austria: Similar to Germany, Austria may require international students to open a blocked account to demonstrate financial stability. The amount required varies depending on the length of stay and living expenses, but it is typically around €12,000 per year.

3. Denmark: International students planning to study in Denmark may need to provide proof of financial means, which can include opening a blocked account with sufficient funds to cover living expenses for the duration of their studies.

4. Norway: While tuition is free for international students in Norway, living expenses can be high. Some students may be required to open a blocked account as part of the visa application process to demonstrate financial capacity.

5. Switzerland: Switzerland is known for its high living costs, and international students may be asked to open a blocked account to cover their expenses during their studies. The required amount varies depending on the canton and institution.

So, as long as you are planning to study abroad, there is a need to research the specific visa requirements of your chosen study destination to determine if opening a blocked account is necessary. Additionally, be sure to plan ahead and allocate sufficient funds to meet the country's financial requirements. Opening a blocked account may seem like an extra step, but it's a necessary one to ensure a smooth visa application process and a worry-free experience studying abroad.