Information regarding blocked bank accounts from 2021

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In the summer of 2021, several international students were having problems with their provider “BAM! (Bundesweites Anlagenmanagement UG)” regarding what is referred to as “blocked accounts". International students had opened these accounts with the provider as proof of sufficient financial means for the first year of their studies in Germany.

Below you will find a little information regarding this matter.

Important information regarding blocked bank accounts and BAM!