Moving out from your parent’s home, into a new city or even country means a great change. We want to make sure that you’re as prepared as you can be!
This article covers a checklist of five topics:
Please note that we will leave out the whole process of visa application, as it would go beyond the scope of this article.
Let’s dive right in!
Let’s start with an easy one. When signing up for a course of studies at a university and being granted for it, you’ll automatically get enlisted. This proof of being a student is needed for a lot of administrative things, some of them mentioned below: for example your collegiate health insurance, bank account, BAföG, a student job. Just like a student card, you can use it for getting many discounts in cultural institutions such as museums, theatres, cinemas, shops, and even subscriptions to fitness clubs or similar. So hold on to your matriculation, it’ll save you lots of money! 😉
Here are a few basic questions to determine which case you fall in:
However, if you want to take on a student job in Germany, you will need a German health insurance.
Liability insurance provides protection against claims resulting from injuries and damage to people and/or property. You will need this insurance when moving in to THE FIZZ.
Caution: Unlike the health insurance, you are not automatically covered by dependent insurance as a student under the age of 25. This would only be the case if you were still living with your parents.
Luckily, it is pretty cheap compared to its benefits. The liability insurance from our partner Getsafe starts from 4,70 € per month.
As a foreign student, it is a good idea to open a bank account at a German bank. This way, you can withdraw money free of charge from cash machines, make payments electronically, and set up “standing orders” for regular payments like rent or telephone bills to ensure an automatical transferral every month. Various banks have decent offerings for students or people under 30. Especially easy to set up are online bank accounts, for example at Comdirect, N26, or Commerzbank.
As a foreign student not from an EU member state, you must provide proof that you have the financial means to pay for your course of studies, language course, preparatory course, or job search. This requires a special type of bank account, the German Blocked Account (Sperrkonto). Unlike the regular bank account (see point 3 above), this account is not freely accessible to the holder. When applying for a visa, you will have to pay around 850 € for each month you’re planning to stay in Germany into this account to prove sufficient financial resources.
The cheapest and easiest way to open a blocked account provides our partner expatrio. Check out their page to learn everything you need to know about it!
And there you have it! This is all you need for a successful and careless start in Germany and at THE FIZZ. You are now ready to book, for example an apartment in our newest house in Hamburg!
In the following weeks, we will take a closer look at some of the points mentioned to explain them further. Stay tuned!