Since January 2017 Fintiba provides online solutions such as a digital Blocked Account and Health Insurance for international students who want to study in Germany which are customised to the students‘ individual needs and officially approved by the German Federal Foreign Office. The digital Blocked Account will be opened in your name and in Euro at a German bank. Fast and simple blocking confirmation as well as unblocking.
Read Also: Guide for International Students to Start your Studies in Germany
Proof of sufficient financial means and health insurance coverage are important prerequisites for a stay abroad.
Fintiba offers tailor-made online solutions for international students, language students, job-seekers and everyone else who prepares a stay abroad in Germany.
Fintiba offers the following solution:
- Blocked Account (Financial Proof)
- Incoming Health Insurance
- Governmental Health Insurance
- Private Health Insurance
- App-based help and advice for the time in Germany
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Use the Code planforgermany for maximum benefitsPackages offered by Fintiba for students
Fintiba offers two kinds of packages for students. The “Basic” option includes a Blocked Account for a quick set-up for incoming students. The option “Plus” meanwhile also includes a Health Insurance to ease the process and for students not having to search for a Health Insurance independently.
- Fintiba Basic: Blocked Account
- Fintiba Plus: Blocked Account + Health Insurance + Travel Insurance
With the Fintiba Plus package which directly includes your full health insurance coverage for Germany, there is a Cashback option – thus, the travel insurance is free!
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Use the Code planforgermany for maximum benefitsFollow these steps to open a Blocked Account
- Click on “OPEN ACCOUNT NOW” and fill out the registration details. Use the Code planforgermany for maximum benefits
- To open the Blocked Account you only need your passport – After the account has been opened in your own name, the required blocked amount can be transferred.
- Online booking conformation will be issued. This includes access information to an online platform for the respective embassy or consulate.
- You can now apply for your visa for Germany at the local embassy, consulate or foreigners authority.
- In case the local authority either requires an increased monthly sum or a minimum balance, the blocked balance can be adjusted easily.
- After receiving the visa, you can travel to Germany.
- The payout of the monthly amount will be transferred to a German current account. This account can be opened at any bank of choice in Germany.
- Depending on your legitimation status, you can now either:
- complete the legitimation or
- set up the payouts right away.
- The monthly payouts can now be set up in the Fintiba WebApp to receive the agreed amount automatically on a monthly basis.
If Visa application gets rejected: Provide the Visa rejection letter and get the money back to your account.
Fintiba has an initial fee of only 89 € and monthly administration fee of 4.9 €
How to save money:
With the Fintiba Plus package which directly includes your full health insurance coverage for Germany, there is a Cashback option – thus, the travel insurance is free!
Read Also: Public health insurance in Germany – Complete Guide
