Once you are in Germany and have completed the legitimation process, you can set up a monthly withdrawal to your current/regular account at an EU SEPA bank of your choice.
The blocked account that can be opened via Fintiba at Sutor Bank GmbH is not a current account that you can use for your daily business or expenses.
To access your blocked amount, you must open a current account through which you can make withdrawals and direct debits. This account can be opened at any bank of your choice in the SEPA area that provides you with an IBAN.
Note: For those who want to open a current account with a German bank, if you do not yet have a city registration, you can open a so-called " Basiskonto" or "Girokonto für Jedermann" in Germany. You can find more information about this here
We have consolidated information on opening a separate regular bank account in the "Current Account" section in your Fintiba app.
Below we have provided a short infographic that outlines the most important steps you must take.