Process overview Blocked Account

Transcription

1 Process overview Blocked Account The blocked account opening at Sutor Bank in Hamburg is processed by Fintiba - fully online and within a few days. Moreover, the blocked account is officially approved by the German Federal Foreign Office and accepted worldwide. You can transfers the required blocked amount after the blocked account has been opened. After reception of the required blocked amount, you will receive your online blocking confirmation which includes access information to an online platform for the respective embassy or consulate. You can now apply for your visa. Since the blocking confirmation is directly issued, the visa application process can be accelerated significantly. Should the local authority either require an increased monthly sum or a minimum balance, the blocked balance can be adjusted easily. After receiving the visa, you can travel to Germany. The payout of the monthly amount will be transferred to a German current account. A current account can be opened at any bank of your choice in Germany. Depending on your legitimation status, you can now either: 1) complete the video legitimation, 2) complete the PostIdent or (an alternative legitimation) or 3) set up your payouts directly. You can set up the monthly payouts to your current account in the Fintiba web application to receive the agreed amount automatically on a monthly basis.

2 How to open a Blocked Account with Fintiba (page 1/2) 01 Registration Registration: Enter your data after clicking the button OPEN ACCOUNT NOW on our website. User Activation: You receive a welcome with the activation link. Login Data: In this you are also provided with a password for the Fintiba web application. App Access: With this password and your address you can log in at 02 Individual steps for the account opening process Required Actions: In your Fintiba account you can find your specific To-Dos. By clicking Complete Now you will be guided to the section where you can complete the necessary steps for your account opening. The required actions depend on your country group. Country Group 1 Country Group 2 Country Group 3 Enter/confirm all necessary data: - TIN in your home country - Your blocking agreement - Passport data Enter/confirm all necessary data: - TIN in your home country - Your blocking agreement - Passport data Enter/confirm all necessary data: - TIN in your home country - Your blocking agreement - Passport data Blocked Account Opening Video Legitimation You will be asked to complete the video legitimation Photo Identification You will be asked to complete the photo identification Document Upload Upload your documents and wait for the verification by our customer service Account Opening Your blocked account at Sutor Bank will be opened and you will receive your account details Account Opening Your blocked account at Sutor Bank will be opened and you will receive your account details Account Opening Your blocked account at Sutor Bank will be opened and you will receive your account details 03 Money Transfer Account Details: Once the blocked account has been opened, you will be informed via . In the Documents section of your Fintiba account you will find your account and contract details. Money Transfer: Also, the transfer document that contains your IBAN, BIC and further necessary information on how to execute the transfer of the funds will be available for download. International Money Transfer: Depending on the bank, the money transfer might in rare cases take up to two weeks after you initiated the transfer. Please Note: You have to inform your bank that the international transfer fees must be at the expense of the ordering party. Account Balance: In the Account Balance section of your Fintiba account you can check whether your money has already arrived.

3 How to open a blocked account with Fintiba (page 2/2) 04 Blocking Confirmation Issuance of the confirmation: Once the full blocking deposit has been credited to your account, you will receive your confirmation that can be downloaded in the Documents section of your Fintiba account. Embassy/Consulate Information: The issued blocking confirmation will also contain specific information for the embassy/consulate in order to validate the authenticity of the blocking confirmation online. 05 Individual steps for the release of the blocked amount Required Actions: In your Fintiba account you can find your specific To-Dos. By clicking Complete Now you will be guided to the section where you can complete the necessary steps for your account opening. The required actions again depend on your country group. Country Group 1 Country Group 2 Country Group 3 Visa Upload Upload a picture of your visa in your Fintiba account Visa Upload Upload a picture of your visa in your Fintiba account Visa Upload Upload a picture of your visa in your Fintiba account Blocked Amount Release No Final Legitimation Needed Final Legitimation Unblock your account via one of our legitimation options Final Legitimation Unblock your account via one of our legitimation options Set up your payouts You can now set up your standing order to receive your monthly payments Set up your payouts You can now set up your standing order to receive your monthly payments Set up your payouts You can now set up your standing order to receive your monthly payments

4 Status How do I access my money when I am in Germany? Waiting for Visa Upload a picture of your Visa and enter its start date Upload your letter of admission or your enrolment certificate Enter your German address This could also be your temporary address The Fintiba Support Team verifies your data Waiting for Legitimation in Germany Complete the final legitimation * Either via the PostIdent of Deutsche Post AG, Fintiba Frankfurt or the [verify-u] video legitimation * This step is not required if the video legitimation by [verify-u] has already been completed in the account opening process. Verification is completed automatically Arrival in Germany Enter your German mobile phone number Verification is completed automatically You can now setup your monthly pay-outs in the Online Banking section Enter the IBAN of your German current account NOT the IBAN of your Blocked Account at Sutor Bank Select a pay-out date the first pay-out date is pre-filled. It can be changed to a date in the future. You will receive the follwing payouts in the beginning of every month Select how to receive your additional money in case you transferred more than the required blocked amount Waiting for Standing Order By clicking on Setup Payout you will receive a TAN which you need to enter you need to repeat this a second time If it was successful you will be notified via and receive your monthly payouts automatically Upload your registration letter and enter your German TIN in the Needed Info section The Fintiba Support Team verifies your data Running Enjoy your stay in Germany! J

5 Country Groups Group 1 Country Group 1 Video Legitimation The following list refers to your passport country and the respective date of issue. All passports in this country group that have been issued later than the stated Date of Issue are eligible for video legitimation. Country Code Country Date of Issue AF Afghanistan AM Armenia AR Argentina BR Brazil CN China EC Ecuador EG Egypt HK Hong Kong ID Indonesia IR Iran JO Jordan MX Mexico NP Nepal PE Peru PK Pakistan RS Serbia RU Russian Federation SA Saudi Arabia SG Singapore TR Turkey TW Taiwan

6 Country Groups Group 2 Country Group 2 Photo Identification The following list refers to your passport country. All passports in this country group are eligible for the photo identification process. Country Code Country Date of Issue* AL Albania - AZ Azerbaijan - CL Chile - CM Cameroon - CO Colombia - IN India - IQ Iraq - IS Island - LY Libya - ME Montenegro - MK Macedonia - MY Malaysia - NG Nigeria - PS Palestine - SD Sudan - SY Syrian Arab Republic - TN Tunesia - VE Venezuela - VN Viet Nam - YE Yemen -

7 Country Groups Group 3 Country Group 3 Documents Upload Every passport country that is not listed in group 1 or 2 is automatically part of country group 3. Passports of country group 3 can only be verified upon successful upload of the respective documents in the Fintiba account.