Saturday, 8 December 2018

Coracle: The Fastest and Cheapest Blocked Account For Studying In Germany

Coracle: The Fastest and Cheapest Block Account For Studying In Germany

Coracle Blocked Account
Coracle Blocked Account

As we all know that for studying in Germany, we need a blocked account of 8460 euros. This money is used for your living expenses in Germany. There were mainly 3 options for opening a block account 
  1. Kotak Mahindra Bank
  2. Fintiba
  3. Deutsch Bank
Opening a block account in Kotak Mahindra Bank or Deutsch Bank can be a very hassle process. As it takes time and also you need to visit the main branches of the Banks. To make the process of opening a Blocked account fast and hassle free we have now "CORACLE", it is a new company which provides you with the fastest and cheapest block account for your German visa. Now you can open a block account just sitting in your home in a few hours, even before you secure an admission in German University.  So let me tell you the process of opening a blocked account with Coracle (Believe me it's easier than opening a normal bank account in India).

Steps to open a Blocked account with Coracle.

  1. Visit the official website of coracle, click on Blocked Account button on the top bar of the website.
  2. Then you just have to fill an Application, which will ask for your personal information, passport number, scanned passport photos, detail of the amount you want to block, that's all and you are done.
  3. Then you will receive a confirmation mail regarding your block account with all the details.
  4. Next step is to transfer the amount that you want to block to coracle.
  5. Once the money is received by coracle in your account. They will send you the final confirmation email which you can use at the time of visa.
NOTE: You can just open an account on coracle and transfer the money afterwards also. It's not necessary to transfer the amount immediately after opening the account. So with this method, you can open a blocked account in coracle and can transfer the money when you receive the offer letter from the university. 

Steps after reaching Germany.

  1. Once you will reach Germany, then you will have to do the Anmeldung and then open an account in the local bank.
  2. Then you have to upload 3 documents on coracle website: Enrollment Certificate, City Registration or Anmeldung, German savings account details.
  3. Once the documents are verified from the coracle team (Don't worry they are too fast) then they will start transferring the fixed amount (720 euros) every month automatically to your bank account.
NOTE: If you have transferred some extra amount then it will be automatically sent to you in the first month. Then from the second month onwards, you will be receiving 720 euros.

Fees of Coracle for opening a Blocked Account.

Just 99 euros for 1 year that all. It is the cheapest one right now.

Advantages of Coracle

There are numerous advantages of opening a blocked account with coracle. Let's check some of them.
  1. It is the fastest. The whole process can take a maximum of two days, (Worst case scenario) otherwise a few hours.
  2. You don't have to pay the amount immediately.
  3. You can have some extra amount also.
  4. If your visa gets rejected then your money will be sent to you immediately. You just need to provide them with the proof that your visa gets rejected. (Pray that doesn't happen).
  5. It is the cheapest.
Coracle also provides you with travel Health insurance, Student health insurance.

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If you have any doubts please comment down.