The blocked account may only be closed with the consent of the blocked account beneficiary. It does not entitle the blocked account beneficiary to withdraw money from the blocked account. Blocked Account in GermanyOnly a certain sum of money can be withdrawn from a blocked account every month. Many international students use a blocked account to fund their studies in Germany. With 458,210 foreign students overall as of the 2022–2023 academic year (of which 90,632 are resident international students), Germany boasts a sizeable population of international students.

Source: International New York Times July 22, 2024 16:36 UTC