Germany is a top destination for international students, offering world-class education at renowned universities. However, before setting foot in the country, one crucial requirement stands between you and your dream: providing proof of financial resources. This essential step ensures you can support yourself financially during your stay in Germany. In this blog, we’ll help you know what proof of financial resources are required in Germany, how you can fulfill this requirement, and how IELTS can play an important role in your journey.
Explore more: Take IELTS to study in Germany
Who needs to provide proof of financial resources in Germany?
Proof of financial resources is a mandatory requirement for international students applying for a German student visa or residence permit. It demonstrates to German authorities that you have sufficient funds to cover your living expenses while studying in Germany. As of 2024, the minimum amount required is €11,208 (₹10,01,793) per year or €934 (₹83,482) per month.
This requirement applies to all non-EU/EEA students, as it ensures they won’t face financial difficulties during their studies.
Why is proof of financial resources necessary in Germany?
The German government emphasises financial stability for international students for several reasons:
Cost of living: Germany’s cost of living varies depending on the city, but students typically need funds for accommodation, food, transportation, and health insurance.
Academic focus: With finances secured, students can focus on their studies without worrying about part-time work for survival.
Visa approval: Providing this proof is a critical step in the visa application process and significantly impacts approval chances.
How to prove financial resources for studying in Germany?
Here are the most common ways to demonstrate proof of finances for the German student visa:
1. Blocked bank account (Sperrkonto)
The most popular and widely accepted method is opening a blocked bank account in Germany. This account must hold at least €11,208, which will be gradually released to you in monthly installments. Banks like Fintiba and Expatrio specialise in providing these accounts for international students.
2. Scholarship award letter
If you’ve secured a scholarship that covers your living expenses, the award letter serves as valid proof. It must explicitly mention the amount and duration of the scholarship.
3. Declaration of commitment (Verpflichtungserklärung)
A relative or friend residing in Germany can declare their commitment to financially support you. This declaration is made at the local Alien's Registration Office.
4. Parent’s financial documents
You can submit your parents’ income statements, bank account details, and a letter confirming their willingness to support you financially.
5. Proof of income
If you have a part-time job or other personal income sources, providing evidence of stable income might be acceptable in some cases.
6. Bank guarantee
This involves obtaining a bank guarantee that vouches for your financial security during your stay in Germany.
Step-by-step process for providing proof of financial resources for Germany
Here is a step step-by-step guide that you can consider:
Determine the required amount: Ensure you meet the minimum amount of €11,208 per year as specified.
Choose a method: Select one of the approved methods, such as a blocked account or scholarship letter.
Collect necessary documents: Prepare supporting documents, including bank statements, scholarship details, or income proofs.
Submit during visa application: Include the proof of financial resources with your visa application.
Update when required: Upon renewing your residence permit, you may need to show updated proof.
Common challenges and tips
Here are some of the common challenges that you might face but don’t worry, you can follow the tips given below:
Challenges:
Opening a blocked account may take time due to bureaucratic processes.
Gathering sufficient funds upfront can be financially taxing.
Scholarship availability is highly competitive.
Tips:
Start early and explore all available options.
Consider multiple funding sources to ensure compliance.
Seek professional advice if unsure about the process.
How IELTS can help in your journey?
IELTS (International English Language Testing System) plays a critical role for non-native English speakers aiming to study in Germany. Many German universities require proof of English proficiency for admission, and IELTS is among the most recognised tests worldwide. Here’s how IELTS contributes to your academic and financial journey:
University admissions: A high IELTS band score improves your chances of admission to prestigious universities. English-taught programs in Germany often require an IELTS score of 6.0 or higher.
Scholarship opportunities: Many scholarships, including DAAD (Deutscher Akademischer Austauschdienst), require English proficiency. Scoring well in IELTS boosts your eligibility for scholarships, reducing financial burden and helping you meet the proof of financial resources requirement.
Part-time job prospects: Fluency in English, demonstrated through a strong IELTS score, makes you a competitive candidate for part-time jobs, which can supplement your finances during your studies.
Global acceptance: IELTS is not just limited to Germany—it’s accepted worldwide. A good IELTS score enhances your overall profile, whether for studies, migration, or professional opportunities.
Securing proof of financial resources is an important step toward fulfilling your dream of studying in Germany. While the process may seem a bit of task, careful planning and timely preparation make it manageable. Moreover, IELTS serves as a bridge, helping you secure university admissions and scholarships that ease the financial requirements.
As you start on this exciting journey, remember that every step you take, whether opening a blocked account or acing your IELTS exam, brings you closer to your dream of studying in Germany.
If you have questions related to the IELTS test then you can get in touch with your nearest IDP IELTS test centre. Our team of IELTS experts will clear all your doubts.