The money remains in your blocked account until your arrival in Germany. Once you are in Germany, you can have your monthly blocked amount paid out to a current account, for which there are the following options.

In Germany:

• If both your parents arrive with you in Germany – they can open a current account in your name in a bank of your choice.
• If only one of your parents arrives with you in Germany – he or she can open a basic account in their name. Important – this should be the parent who is also the Fintiba account holder!

From abroad:

• Your parents can open a bunq account for you in your name from abroad (if one of them already has a bunq account). Here is more information on how to open a bunq account for minors and a list of eligible countries.
• One of your parents can open a WISE multi-currency account from abroad in their name. Important – this should be the parent who is also the Fintiba account holder. Find out if your country is eligible here.

In general, we advise you to take enough cash with you to Germany.

If you are still under 18 years of age when you want to initiate the extension process, simply start the extension from your account in the Fintiba app by heading over to the blocked account card.

If you are already 18 by the time you want to extend the Blocked Account, your parent must initiate the process from the original account in the Fintiba app. In addition, you must now create your own Blocked Account as well. We will then connect the already running original Blocked Account with the newly created account.

The only documents you need for the opening process is your passport and the passport of your child.

Please note that the video legitimation process is only available in English or German.

For the video legitimation, you need the original passport that was used to open your Fintiba account. Also note that access to the mobile phone number used during the start of your video legitimation must be guaranteed.

1. To start the legitimation, log in to your Fintiba account and go to “Profile”. There you can click on “Video Legitimation” to start the call. A new tab through WebID will open upon your click.
2. During the call, you should ensure a good internet connection and good lighting in the room, so you and your passport are clearly visible. It is important that you answer the questions by yourself during the video call. You will be asked for your E-mail and Phone number to receive a code, which you should write on the respective field you will see on your screen to successfully complete the video legitimation!

You as parents are the account holder and are responsible for all orders. If your child would like to have information about the account, you can leave your consent in the process so that he/she can receive information about his/her account by phone.

No, the blocked account cannot be used to pay the monthly rent and other expenses. The blocked account serves to secure the living expenses of a foreign student while studying in Germany. Therefore, the money from the blocked account is not directly accessible.

You can open the account as soon as you know when your child’s visa appointment is. We usually open the account within 10 minutes if all documents are uploaded correctly. If the money is transferred as quickly as possible, the blocking confirmation can be issued within a few days. Depending on the video legitimation process, it may take a few more days to activate the account and issue the blocking confirmation.