When extending your stay in Germany, most of the time you will be required to show again proof of your financial sustainability.
This article explains you in simple steps on how you can extend your Fintiba blocked account for said purposes!
Consider the following about your account extension:
- You have set up the payouts of your previous blocked account schedule.
- Your blocked account is currently active.
- You have access to your phone and email address.
- You are required to re-confirm several of your data, therefore keep address confirmations and new passport document (if applicable) ready.
- An initial extension and monthly fees apply based on your original blocked account agreement.
How to Extend the Blocked Account
Step-by-step guide on extending your blocked account
- Either click on "Extend your blocked account" from the main dashboard blocked account card or navigate to your Blocked Account section and click "Extend my account".
-
Check your data and confirm.
In case of changes, follow the steps to update your data:
- How can I change my address?
- How can I change the phone number linked to my Fintiba account?
-
How can I change my email address
-
Enter the verification code sent to you via email and click "Continue".
-
Confirm your extension data.
Enter your monthly amount and duration. The blocked account extension will start after the final payout of your previous schedule.
Note: You may be required to confirm your plan at a later stage, in case your needs deviate from the standard issued requirements by the German authority. For this purpose, please keep your authority confirmation about the needed blocked amount ready. This information should be disclosed to you during the application process.
-
Agree to the terms of service.
-
Your extension setup is complete!
From here, you can fund your blocked account again. Check out our Help Center guidelines on how to ensure a smooth funding process:Got your funding covered and your extension blocking confirmation issued? Because the process is the same, you can follow our general access of money article below to speed to the payout setup of your extension:
I have been asked to upgrade my blocked account when I want to extend. What does this mean?
After confirming the terms of service for your account extension, you may be asked to upgrade your account. This is due to still running on our old blocked account providers schedule.
To ensure the best experience, we kindly ask you to open your account extension instead with our new blocked account provider Frankfurt International Bank (FIB). We will run you through the extra steps below, so don't worry!
One more thing to keep in mind: Extending your account by migrating to FIB means you can keep your Fintiba account, but in the process a new blocked account with its own account number is created! We ensure a smooth funding process, so you don't have to worry about it.
Step-by-step guide to upgrade your blocked account
Once you agreed to the terms of service, these additional items are required to finalize the process:
-
Click on "Upgrade your account" to navigate for the additional details.
-
Accept the migration terms of service.
Each item needs to be checked separately, afterwards click "Save Data" at the bottom.
-
Confirm the upgrade of your account via OTP sent to your connected smartphone.
-
Re-enter your visa issue date.
This is to confirm your current visa status.
-
Upload your current visa again.
This is to confirm your current visa status.
-
Done! Your upgrade has started.
Your data is being migrated from our old blocked account provider to FIB now. Your new account will be opened within a few days. You will be able to continue with the funding steps for your account extension right after.
Check out our Help Center guidelines on how to ensure a smooth funding process:Got your funding covered and your extension blocking confirmation issued? Because the process is the same, you can follow our general access of money article below to speed to the payout setup of your extension:
What happens to your blocked account opened through our old provider?
You will continue to receive the remaining payouts left on the account automatically every month, while you can start using your newly opened FIB extended account as per usual. We will close your old account automatically once the account expired.
Note that due to technical constraints you will only see the account balance for your new FIB blocked account.
My blocked account is expired. How can I extend it?
You don't have to worry, you are able to trigger the account reopening process through the same steps described above.
Note: An account reopening has some technical differences from an account extension. We will take care of it for you! Most importantly, please be aware of the following:
- The reopening will have you go through the steps of account opening process once more: Passport verification and potential identification steps need to be repeated.
- You keep your Fintiba account, but your blocked account IBAN will change! We ensure a smooth funding process, so you don't have to worry about it.
- With the reopening, you accept a new set of terms and service.
I want to cancel my extension, how can I do it?
Please contact us via our contact form to request the cancelling of your account extension. In case you have remaining payouts, they will continue to be transferred to your linked account.
Please note: If you have already received your new blocking confirmation, please provide an official letter issued by the foreign office confirming that your extension has been rejected or withdrawn, and that your account can be unblocked. We will then review your submission and do the necessary.
You want to close your Fintiba account completely? This article holds all important information and steps for you:
How can I extend a Blocked Account for Minors?
You can follow the same process described above, if your child is still under the age of 18.
Important: If your child has turned 18 by the time you want to extend the Blocked Account, your child will need to open their own blocked account going forward.
There is no need for you to make use of the extension feature.
How long does the opening and payment process take?
Your Blocked Account will be ready for funding within a few minutes. General processing time for bank transfers apply. To find out more, we have created this article for you:
How long does it take to open a Blocked Account and get my Blocking Confirmation?
What fees apply? When and how do I pay them?
Based on your existing Blocked Account agreement, the prices for the Account Extension include another initial fee at the same pricing as account opening. On the new model it's 159€ with a monthly administration fee of 9,90€.
Your initial fee will be charged once the blocking confirmation for the extension is issued. Monthly administration fees are continuously charged each month your Blocked Account remains funded.
Do you still have questions? Please find our contact details here.