Please note that opening a blocked account is different from getting a "Blocking Confirmation". Put simply, you get your blocking confirmation in 3 steps:
1. Open your blocked account
2. Transfer your blocked amount to your blocked account
3. Get your blocking confirmation, which is the document needed for presenting to the visa authorities
The time taken for each step is explained below:
1. Opening a Blocked Account:
Fintiba offers the fastest blocked account opening experience - depending on your individual profile and requirements, you can open a blocked account in as few as 10 minutes! Our Optical Character Recognition (OCR) technology helps us securely verify your passport almost instantly. helping us open your blocked account within minutes. If, in rare cases, the OCR isn't able to verify your passport, we reach out to you within 1 business day to complete the verification.
☝ Important: due to regulatory restrictions, applicants from Russia (RU), Ukraine (UA), Cuba (CU), Iran (IR), Syria (SY), and the Crimea region are not eligible for this process. Alternative verification methods, such as manual verification, are still available for such applicants.
2. Transferring the blocked amount to your blocked account
Upon successfully opening your Blocked Account, we'll guide you through the transfer process directly in your Fintiba account, so you always know exactly what to do and when. Depending on your location and the mode of transfer, it takes 1 to 5 business days for your funds to arrive in your Blocked Account once you initiate the transfer.
You may be directed to one of our payment partners:
Flywire (for students) or
TransferMate (for non-students)*. Both facilitate
fast transactions compared to international bank transfers and allow you to transfer your money
in your local currency.
3. Getting your Blocking Confirmation
When the required blocked amount arrives in full in your blocked account, a blocking confirmation is automatically issued within 24 hours, and you are notified of the same by email. Therefore, the sooner you complete the transfer, the sooner you get your blocking confirmation. You can download your blocking confirmation from the "Documents" section of your Finitba account, and submit it to the visa authorities.
☝ Important: Customers falling under the "high-risk country" category may need to undergo additional verification procedures for "Source of Funds", after transferring their full blocked amount, which normally takes 1-2 weeks. A blocking confirmation is issued after successful verification.
The fastest way to your blocking confirmation, now even faster!
The fastest way to your blocking confirmation, now even faster!
Get your blocking confirmation instantly via a (credit) card or online payment of the complete blocked amount sum, through TransferMate or Flywire*.
Please read the following articles to get a detailed overview of the account opening processes for all our products:
*Eligibility for Flywire and TransferMate depends on your country of residence and account type. Once you log in to your Fintiba account, you will be able to see if either of them is an option for you.