Note: To help you properly understand the process, we have included links to articles, wherever necessary, that describe certain steps in detail. We highly recommend that you read those articles by clicking on the links.
Welcome to Germany! You can now access your blocked amount by following 4 simple steps:
- Upload your visa or equivalent document in your Fintiba account that our team will verify. Also provide your German address.
- Complete your legitimation process, including additional legitimation.
- Open a current account. It is important to understand that your blocked account with Sutor is not a regular bank account, and you cannot pay your expenses or make withdrawals directly from your blocked account. You can do that only by:
- Opening a current account at any bank of your choice in the SEPA region that provides you with an IBAN. We provide you all the required information and options for opening a current account here.
- Setting up monthly payouts from your blocked account to your current account in your Fintiba app (Blocked Account > Blocked Account Payouts) by providing your current account details and the mTAN code that we will send you.
- Read:
- If you haven't yet, connect your mobile phone number to your Fintiba account.
After completing these steps, you will receive all necessary instructions to receive your monthly payouts. The above procedure also applies to the Blocked Account for Minors.
Below we have provided a short infographic that outlines the most important steps you must take.
Process Overview