expatguides

  One of the most popular destinations for international study is Germany. Germany continues to draw top students from all over the world with its free educational system, more than 300 esteemed academic institutions, a variety of study options, and knowledgeable faculty. For many international students, obtaining a German student visa is a prerequisite to continuing their studies in Germany. What Is a Blocked Bank Account? A blocked bank account is evidence that, as an international student or job seeker, you can support yourself financially. You need to transfer €11,208 into a bank account registered in Germany before moving to that country. It is called a "blocked" account because this money will be frozen and you will only be able to withdraw €934 per month to use for your regular expenses after you arrive.   Process of Opening a Blocked Bank Account Since you need to open a blocked account before applying for a German visa or residency permit, you usually need ...

You need a high Schufa score to demonstrate that you are creditworthy, have a solid credit history, and can easily make loan payments and rent payments on time. Know Schufa It is known as the credit rating agency of the country. It stands for Schutzgemeinschaft für allgemeine Kreditsicherung. It is an acronym for "general credit protection agency." It provides the nation's citizens with a credit score known as the Schufa score. Private company SCHUFA Holding AG, which monitors and maintains credit records for citizens, carries out this task. You can find a flat and/or qualify for a loan in the country with relative ease if you have a good Schufa score. However, some banks will not let you even open an account with them if your Schufa score is not good. ·        Are You looking for a rented apartment? the landlord will ask for your Schufa report. ·        Are you applying for a loan? Want to buy a home? Or A car perhaps?...