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What is a blocked account?

A blocked account serves as proof of financial means for foreign students during their stay in Germany and is one of the most important requirements for obtaining a student visa.

 

The account is called a “blocked account” because the money deposited into it cannot be withdrawn until the account holder has arrived in Germany and activated the account. The monthly withdrawal amount is specified in the blocking agreement when the account is opened.

Advantages of opening a blocked account with VietinBank

  • Deposit protection up to €100,000 per customer.
  • Fast procedure: account number within 2 days, account balance confirmation within 1 day.

  • Easy to open at over 1,000 transaction points in Vietnam.

  • No need to open an additional checking account with a German bank.

  • Comprehensive financial services: checking account, internet banking, MasterCard.

  • Support in Vietnamese, English, and German.

  • Account in your own name, no risk when transferring money.

  • Suitable for all purposes: minors, students, visas for family visits, visas for medical treatment. 

Open an account

You can currently open a blocked account in two easy ways:

  • At 1,000 transaction points in Vietnam or branches in Germany.
  • Online via the official website of VietinBank Germany.

Fast, secure procedures with deposit protection up to €100,000 per customer.

Details

Activate a blocked account

Required documents: 

  • Valid passport and visa

  • Registration certificate in Germany 

  • Notification of personal tax number 

Activation methods:

  • Directly at the Frankfurt am Main/Berlin branch 

  • Online: Identity verification via video call with WEB-ID in German or English and submission of documents by post

Activating and using online banking

After activating your blocked account, you will receive two letters containing the VBNetkey & PIN and the activation code for the SecureGo Plus security app

 

Details

Activating and using the Debit MasterCard

After activating the blocked account and registering for the card, you will receive three letters containing the following: 1 card, 1 letter with a four-digit PIN, 1 letter with instructions on how to activate the online shopping function

 

Details