Understanding Studely’s Blocked Accounts for Students in France: A Necessity for International…

When planning to study in France, one of the essential steps is being able to demonstrate that you have sufficient funds for living expenses. This document is a critical part of your visa application and helps French authorities confirm that you can financially support yourself during your studies. You can do this by securing a blocked account (also known as an Irrevocable Bank Transfer Certificate, or AVI). But what exactly is a blocked account, and why is it so important for students coming to France?

What is a Blocked Account? 🔒

A blocked account is a special type of account used to demonstrate that you have enough financial resources to cover your living expenses during your stay in France. Here’s how it works:

• Minimum Deposit: Most French authorities require international students to deposit a minimum amount into this account to show they have sufficient funds for the year.
• Funds Are Restricted: Once the money is deposited, it’s “blocked” or restricted. This means that while you can access a monthly allowance, you can’t withdraw the full amount all at once. Typically, you’re allowed to take out a fixed amount each month, which is meant to cover your living expenses.
• Visa Requirement: The French embassy often requires proof of a blocked account before you can get a student visa. This step helps ensure that students won’t run into financial difficulties during their studies.

Why Do You Need a Blocked Account? 🤔

A blocked account serves as a form of financial security for both you and the French authorities. Here are the main reasons why it’s required:

1. Visa Requirement 🎓: The French government wants to ensure that you won’t have to rely on public funds while studying in the country. The blocked account is proof that you can support yourself financially.
2. Ease of Managing Expenses 💰: With a set monthly allowance, you can better plan your finances and avoid overspending. It gives you a clear budget for each month while keeping you within the financial means you’ve demonstrated to the authorities.
3. Simplified Proof of Funds 📑: When dealing with housing, university registration, and other formalities, having a blocked account simplifies your financial proof. It ensures that landlords, schools, and embassies see that your financial resources are stable and secure.

How Does Studely Help with the Blocked Account Process? 🚀

Studely offers a smooth and convenient process for setting up a blocked account, making it easier for international students to meet visa requirements. Here’s how the process works:

1. Register and Apply: Start by registering and applying through the Studely platform. The online process is user-friendly and designed for international students.
2. Upload Documents: You’ll need to upload key documents, such as your passport, academic details, and your admission letter from a French institution.
3. Pay Subscription Fee: There’s a subscription fee of €470, which covers all the services provided by Studely.
4. Apply for a Student Visa: After your blocked account is set up, you can apply for your student visa using the financial proof from Studely.
5. Visa Approval: Once your visa is approved, you’re ready to head to France!

Advantages of Studely’s Blocked Account 📈

Studely not only helps you set up a blocked account, but it also offers a range of advantages that streamline your experience in France:

1. Financial Approval Assistance: Studely’s blocked account helps you demonstrate financial solvency, making your visa approval process smoother and faster.
2. Free Guaranteed Accommodation Assistance 🏠: Studely offers a free guaranteed accommodation service, helping students find housing in France. Some exclusions may apply, but it’s a great benefit for easing your transition.
3. Residence Permit Support 📝: The blocked account serves as regular proof of financial stability, which is required when applying for your residence permit (titre de séjour) in your second year in France.
4. Bank Account Setup: Studely assists in setting up your bank payment account in France, offering a free first year of management with no monthly fees.
5. Instant IBAN and Visual Card: After opening your account, you’ll receive an IBAN immediately, and a visual card after obtaining your visa. This ensures that you can start using your funds right away.
6. Free ATM Withdrawals 💸: Enjoy two free ATM withdrawals per month, with no transaction fees. This helps you access cash without incurring additional costs.
7. Bank Cards and Mobile App: You’ll receive both physical bank cards and an online app, enabling you to make payments within the EU, both online and offline.
8. Security 🔒: If your card is lost or stolen, you can easily control and block it through the Studely app, ensuring the safety of your finances.

For international students looking to study in France, securing a blocked account is a crucial step in the visa process. While it may seem like a complicated and lengthy procedure, Studely simplifies the entire process, from registration to setting up your financial proof for your student visa.

With the added benefits of guaranteed accommodation assistance, easy access to funds, and a secure banking app, Studely ensures that your financial setup in France is as smooth and stress-free as possible. Whether you’re just starting your studies or preparing for your second year, Studely helps you manage your finances effectively and efficiently.

So, get started with Studely today, and take the first step toward a seamless student experience in France! 📚💼