Blocked account is required to apply student visa for Germany. Students can open this in Deutsche Bank, Fintiba or X-patrio. Deutsche Bank is a German bank and Fintiba & X-patrio are the financial service providers.
All three have different pros and cons. One have easy opening procedure and other don’t require second bank account. That’s why different people have different opinion about these accounts. It makes very difficult to decide which account is better and which not.
Here is the comparison of Deutsche Bank vs Fintiba vs X patrio blocked account. I like Deutsche bank blocked account. Because we can use it right after arrival in Germany without opening second account. You can decide your favorite after reading this comparison.
|Opening Procedure||Upto 1 month||2-3 days||2-3 days|
|Document Attestation||Required||Not required||Not required|
|Initial Fee (Euros)||150||89||49|
|Monthly Fee (Euros)||5.9||4.9||5|
|Unblock Procedure||Visit branch and unblock immediately with passport||3 step online process, required home address, phone number, registration letter and German tax number||Send activation document with visa document, EU entry stamp on passport, City registration document and|
German bank account details to unblock
|Funds can be used directly||Yes||Required second account||Required second account|