If you are a Nigerian student planning to study in Switzerland, one of the key requirements for obtaining a student visa (National D Visa) is proving that you have sufficient financial resources to cover your living expenses. A blocked account is one of the most reliable ways to demonstrate financial proof. This guide provides a step-by-step process for opening a blocked account for your Switzerland student visa as a Nigerian.
What is a Blocked Account?
A blocked account is a special type of bank account that ensures international students have enough funds to support themselves during their stay in Switzerland. The account restricts access to a lump sum deposit, allowing only fixed monthly withdrawals.
Why Do You Need a Blocked Account?
The Swiss authorities require proof that you have enough financial resources to support yourself without needing public assistance. As of 2024, the minimum amount required is CHF 21,000 per year (approximately CHF 1,750 per month). This amount must be available in your account when applying for the student visa.
Step-by-Step Guide to Opening a Blocked Account
1. Check With Your Swiss University
Before opening a blocked account, contact your university in Switzerland. Some universities have partnerships with banks and can guide you on the best options available.
2. Choose a Bank or Financial Institution
Several banks in Switzerland offer blocked accounts for international students. Some recommended options include:
- UBS Switzerland
- Credit Suisse
- PostFinance
- Raiffeisen Bank
- Swissquote
Alternatively, some international financial service providers like Fintiba and Expatrio may offer blocked account services for students.
3. Gather the Required Documents
To open a blocked account, you typically need the following:
- A valid passport
- Your university admission letter
- Proof of tuition fee payment (if applicable)
- A completed blocked account application form (if required by the bank)
- Proof of residence in Switzerland (may be required after arrival)
4. Transfer the Required Funds
Once your blocked account is opened, you must transfer at least CHF 21,000 (or the amount required for your study duration). Bank fees and transaction charges may apply, so it’s advisable to confirm the total amount needed with your chosen bank.
5. Receive a Confirmation Letter
After your funds are received, the bank will issue a confirmation letter or a proof of funds statement. This document is required for your Switzerland student visa application.
6. Submit the Confirmation to the Swiss Embassy
Submit the blocked account confirmation letter along with your student visa application to the Swiss Embassy in Nigeria or the Swiss Migration Office.
7. Access Your Funds in Switzerland
Upon arrival in Switzerland, you will need to:
- Open a local Swiss bank account for daily transactions
- Transfer the funds from your blocked account (if applicable)
- Start receiving monthly allowances for your living expenses
Alternative Proof of Financial Means
If you do not wish to use a blocked account, you can also prove your financial means through:
- A scholarship award letter covering your expenses
- A sponsor’s bank statement (with a formal financial support commitment)
- A student loan letter from a recognized financial institution
Opening a blocked account for your Switzerland student visa as a Nigerian ensures that you meet the Swiss government’s financial requirements. It’s important to check with your university and choose a reliable financial institution to avoid delays in your visa processing.
By following this guide, you’ll be well-prepared to meet the financial requirements for your studies in Switzerland. Best of luck with your student visa application!
Leave a Comment