"Secure Your Finances, Secure Your Future—Hassle-Free Account Setup for Germany and Canada."
We simplify the process of opening Block Accounts for Germany and GIC Accounts for Canada, ensuring your financial readiness for a smooth study visa application.
Opening a Block Account for Germany or a GIC (Guaranteed Investment Certificate) Account for Canada is a vital step in the study visa process. These accounts demonstrate your financial ability to support yourself during your studies. At Celsius Educations, we provide comprehensive assistance to help you navigate the setup process with ease and confidence.
Block Account for Germany
What is a Block Account?
A Block Account is a special type of bank account required by the German government to prove that international students have sufficient funds to cover living expenses during their studies in Germany.
Key Requirements:
- Minimum deposit as specified by German authorities (currently €11,208 per year, subject to change).
- Account must be blocked, allowing only a fixed monthly withdrawal.
GIC Account for Canada
What is a GIC Account?
A Guaranteed Investment Certificate (GIC) is required by Canadian authorities as proof of funds for international students applying for a Study Direct Stream (SDS) visa. It ensures you have enough money for your initial expenses in Canada.
Key Requirements:
- Deposit a minimum amount (currently CAD 10,000) with a participating Canadian financial institution.
- Receive monthly payments to cover living expenses.
How We Help:
- Assistance in selecting a trusted Canadian bank for your GIC account.
- Step-by-step guidance in setting up and funding your account.
- Support in obtaining the GIC certificate required for your visa application.
Why Celsius Educations?
- Expert Guidance: In-depth knowledge of Block Account and GIC requirements ensures accurate and timely setup.
- Trusted Partners: Connections with recognized financial institutions in Germany and Canada.
- Time-Saving: We simplify the process, so you can focus on other aspects of your study plans
- End-to-End Support: From document preparation to receiving confirmation, we’re with you at every step.
How It Works ?
- Consultation: We assess your needs and explain the requirements for your chosen country.
- Provider Selection: Help you choose the best financial provider from recognized options.
- Account Opening: Guide you through the application, document submission, and fund transfer process.
- Verification: Assist in obtaining the required certificate (Block Account or GIC) for your visa application.
FAQs About Block and GIC Accounts
The process typically takes 1-2 weeks, depending on the bank and the accuracy of submitted documents.
Yes, funds will be released monthly as per the bank’s policy to cover living expenses.
Most financial providers offer refunds in case of visa rejection, subject to terms and conditions.
Testimonials
"Celsius Educations made the process of opening my Block Account for Germany so smooth. I didn’t have to worry about a thing!"
Ankit Singh
"Setting up my GIC account was quick and hassle-free thanks to Celsius Educations. Highly recommended!"
Simran Kaur
Get Financially Ready for Your Study Abroad Journey!
Let us handle the complexities of opening your Block or GIC account, so you can focus on your studies and dreams. Contact Celsius Educations today for expert assistance.