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IMPACT – MEDIUM
The German government has announced that it will be increasing the amount foreign nationals must have in a blocked bank account to obtain a student visa.
Additional Information: Many countries have providers that offer blocked bank accounts; more information on local blocked account providers is available at German missions abroad.
BAL Analysis: Foreign students should note the new amount they will be required to have in a blocked bank account when applying for a student visa in Germany and plan accordingly.
This alert has been provided by the BAL Global Practice group. For additional information, please contact email@example.com.
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