VietinBank Becomes Vietnam First Bank To Provides Study-in-Germany Product

Easy to study in Germany with VietinBank’s account

The procedures for applying for Visa to study in Germany are an issue that many parents, students, especially students concern. Under requests by the German Embassy, ​​a prerequisite for students to apply for VISA to study in Germany is that there should be financial justification for the resident time in Germany. Specifically, each student has to submit together with Visa application a verified certificate of account balance at a German bank with the minimum amount requested by the German Embassy. This must be the escrow account (Sperrkonto) that the holder can only withdraw a certain amount for expenses each month.

To have this certificate, Vietnamese students have to make follow many steps to open a bank account at a German bank: to send a mail profile from Vietnam to Germany to apply for opening bank account, get account holder’s information authenticated; open account, and then transfer money from Vietnam to Germany … so it takes  a lot of time and fees to complete the procedures.

Being the first Vietnamese bank operating in Germany with 02 branches in Frankfurt and Berlin, VietinBank understands the difficulties in the processing of visa applications for Vietnamese students who want to study in Germany, the most developed country in Europe, therfore, VietinBank has officially launched a banking product for Vietnamese overseas students in Germany. 

Vietnamese citizens or foreigners who live and work legally in Vietnam wishing to apply for the Visa to study in Germany can open a bank account with VietinBank’s branches in Germany. This is a escrow current account (Sperrkonto) in EUR in accordance with regulations. 

This product was welcomed and appreciated by German Embassy as it will actively support Vietnamese students to study in Germany easily.

Saving your time and money  

Customers can apply and complete the procedure to open a bank account with VietinBank’s branches in Germany from any VietinBank’s branch across 63 provinces and cities in Vietnam and will be supported by VietinBank’s branch in Vietnam with full instructions, authentication of account holder’s information, transferring the application to open an account at VietinBank’s German branches. The customers also get certificate of account balance to complete visa application procedures for the German Embassy.

In particular, it will at at most 02 days to open accounts at VietinBank’s branches in Germany and up to 02 days to transfer funds and verify account balance. 

Doing the procedure even in Vietnam, customers will save service fees (opening account, money transfer, postage).  

Customers can quickly close the account and transfer money back to Vietnam in 01-02 days if they fail to get VISA approval by German Embassy.

Registering for bank account with VietinBank is simple, including: a passport valid for least 06 months more, family book record or Identity card; written admission or certificate of university registration with a German university or certificate (final notice) of the application evaluation by the University / College evaluation agency.

Moreover, VietinBank also supports student loans (including funds transferred to Germany and other study costs) of up to 70% of the total cost and the maximum loan time could be study time plus 3 years.

In addition, customers will be supported with EUR provision, ATM cards to withdraw money, spending, and is subjected to a package other services during the study time such as account statements, internet Banking to check information and transfer money.

With its professional staff and consulters, VietinBank pledges best support for Vietnam students to realize their dreams of discovering knowledge in Germany.

For more information, please contact:
Phone: 1900 55 88 68; Email: contact@vietinbank.vn.