You know that feeling of wanting to make a good impression when you visit friends or family? Well, applying for a visa can be a bit like that.
Just like a considerate guest, you want your visa application to show that you are a responsible person and well prepared for your visit. Here's where the concept of a blocked account could be your golden ticket to visa approval.
But do your homework. Some countries, such as Italy or the UK, do require proof of finances but not necessarily a blocked account. Others, such as Germany, Belgium or France, list a blocked account as one of their preferred options.
Think of a blocked account as a special bank account designed to prove you're the ultimate visa guest, financially responsible and self-sufficient. It is primarily used by international students or job-seekers who need to prove they have sufficient funds to support themselves while living in a foreign country.
If your dream destination requires a blocked account, you'll need to open one at a bank there. Some banks even offer entirely online solutions when you need to set up the account remotely.
Make sure you have enough funds because you'll need to deposit a specific sum, set by the host government, that can cover your estimated living expenses. This predetermined amount varies depending on the country's cost of living. Make sure to research the specific requirements of your chosen destination.
Once you’re there, don't expect instant access to all your funds at once. The beauty of a blocked account is that it releases your money in controlled amounts – in blocks. Each month, you'll be able to withdraw the predetermined amount in alignment with the monthly living expenses estimate provided by the government. This is to ensure that as an account-holder, you have a steady flow of funds throughout your stay.
Host countries want to ensure that visitors have the financial means to support themselves during their stay. A blocked account with the required amount serves as proof that you have the necessary funds.
The restricted access to funds in a blocked account encourages financial planning and responsibility. This can be reassuring for the authorities as it demonstrates you won't run out of money during your visit and won’t rely on public funds, just like a responsible guest would not impose on their host.
By proving your financial sustainability in your visa application, you will clear a major hurdle on your path to your new adventure – freeing you to focus on the more exciting part of your move, such as finding a charming apartment or checking out all the sights that your new home has to offer.