These and other questions will be answered in this section.
The official requirements concerning a German blocked account are complex. For example, the German right of residence and the regulations of the European Commission need to be considered. The GBA Blocked Account fulfills all visa requirements of the Federal Foreign Office. Our partner X-patrio, who provides the online conclusion of the German Blocked Account, is officially recommended by many German embassies.
Opening your blocked account only takes a few minutes. All you have to do then is transfer the blocked amount. In international payment traffic this usually takes 3 to 5 days. As soon as the receipt of the sum is registered, you will get the officially approved confirmation of your blocked account for your visa application.
The reason why the GBA Blocked Account is comparatively inexpensive is the highly professional and automated opening process of the blocked account. Our partner X-patrio consequently makes use of the latest information technologies in order to manage the necessary processes in a quick and simple way. Therefore you will hardly find a better online offer with a comparable processing time and comparable quality which is comparably inexpensive.
The money on your GBA Blocked Account is safe. €100.000 per bank per client are protected by the compensation scheme of German private banks. All German private banks are obliged to participate in the compensation scheme. In addition to that, X-patrio allows the competent authorities to make a plausibility check of all documents concerning blocked accounts in order to guarantee the highest possible amount of security and transparency. Moreover, ECO-Escrow law office, a provider of escrow services, guarantees the correct and legally safe administration of your blocked account.
All participating partners offer the highest possible degree of competence in their respective fields:
For more than 50 years DR-WALTER has been a reliable partner in fulfilling the needs of foreign visitors. The brand DR-WALTER stands for everything that is mobile, open and active. DR-WALTER is a reliable partner for global travelers and companies. The staff of DR-WALTER GmbH works with commitment, passion and foresight to improve existing and develop new products, thereby providing customers with the best possible customer service and cover and supporting them wherever they need advice.
In 1959, Dr. Siegfried Walter registered his business as insurance broker. Until then health insurance for visitors from abroad did not exist, therefore Dr. Walter developed the first insurance cover for foreign visitors in Germany. Today, DR-WALTER is an integral part of both the German and the international insurance market.
Don't worry about bureaucratic hurdles, we will help you. Just open your blocked account online. The simple step-by-step online procedure automatically guides you through the opening process of your blocked account.