Student blocked account is one of the most important requirement for Pakistani students. Who want to apply study visa for Germany. This account is basically required as a proof to show sufficient funds to cover first year expenses in Germany as a student.
Students of many countries like India already had opportunity to open their blocked account in their local banks rather then German banks. But this facility was not available for Pakistani students in the past. That’s why they face so much problems in oping and closing of that blocked account. This is because of zero response from German banks which raise questions about the security of transferred money.
Now the great news for Pakistani students is that, they can also open student blocked account in Pakistan. Recently German Embassy Islamabad and UBL Bank Pakistan make a collaboration to provide a blocked account facility to Pakistani students. So, after this collaboration, Pakistani students who want to apply for study visa in Germany, can easily open a blocked account in UBL Bank Pakistan. Then after successfully getting the visa approval, they can transfer that money directly from UBL account to German bank account.
To open a blocked account in UBL Bank, you need to open a FCY Euro account in any UBL branch in Pakistan. FCY Euro account means foreign currency account in Euro’s. Students can blocked funds in Euro account as per requirement of German embassy and apply for study visa. Now they don’t need to worry about tough process of opening a blocked account in German bank.
If students will successfully get study visa for Germany. Then they can easily transfer that money from UBL Euro account to any student account which later they will open in any German bank. Check here which German bank is best to open a normal student account in Germany.[⇑]
And, if students will get visa refusal, then their money is already in Pakistan. So, they don’t need to worry about remboursement of money from German banks. Which is also a very difficult and time consuming process for Pakistani students.
How to Open German Student Blocked Account in UBL Bank Pakistan?
To open student blocked account in UBL bank Pakistan, you need to visit any UBL branch in Pakistan. Tell them that, you want to study in Germany and going apply for study visa in German embassy. So, they will open a Euro account for you with blocked amount. You only need minimum 400 Euro’s to open a simple Euro account in UBL bank. But if you want to apply for study visa in Germany, then you need to put 8,640 euro in your UBL Euro account. Further information about account opening and document requirements, you can visit any nearest UBL branch.