Fintiba Blocked Account and Health Insurance Services Review for Studying in Germany

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Apr 17, 2023 07:15 AM

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Fintiba is a comprehensive service provider that aims to facilitate your journey to studying in Germany, offering an officially approved German blocked account, health insurance, liability insurance, and more, all with a focus on security and convenience. With Fintiba, you can focus on what truly matters: enjoying your time in Germany!

Fintiba Basic: Blocked Account

Fintiba's Basic package offers a German blocked account, which is officially approved by the German Federal Foreign Office. This account is created in your name at a trusted German bank with a German IBAN, ensuring the highest security guarantee. The Fintiba Basic package also offers easy money access in Germany without the need for city registration. The initial fee is €89.00, with a monthly fee of €4.90.

Learn more: Fintiba Basic

Fintiba Plus: Blocked Account + Health Insurance

Fintiba Plus combines a blocked account with customized health insurance for your stay, as well as free travel health insurance for your visa. This package also includes free extra benefits such as a welcome guide, exclusive language learning offers, study guide access, Fintiba community access, and an annual scholarship opportunity. The initial fee for the blocked account is €89.00, with a monthly fee of €4.90. There is no initial fee for the health insurance, and the monthly fee starts at €25.00.

Learn more: Fintiba Plus

Fintiba Plus Protect: Fintiba Plus + Liability Insurance

Fintiba Plus Protect adds liability insurance to the Fintiba Plus package, offering cover against key loss, unjustified claims, and apartment damages – all common prerequisites for rental contracts in Germany. The initial fee for the blocked account is €89.00, with a monthly fee of €4.90. There is no initial fee for the health insurance, and the monthly fee starts at €25.00. The liability insurance has an annual fee of €55.00.

Learn more: Fintiba Plus Protect

Services/Features	Fintiba Basic	Fintiba Plus	Fintiba Plus Protect
Blocked Account	✅	✅	✅
Health Insurance	❌	✅	✅
Liability Insurance	❌	❌	✅
Free choice of current accounts	❌	✅	✅
Welcome Guide	❌	✅	✅
Exclusive language learning offers	❌	✅	✅
Study Guide access	❌	✅	✅
Fintiba Community access	❌	✅	✅
Annual scholarship opportunity	❌	✅	✅
Cover against key loss	❌	❌	✅
Cover against unjustified claims	❌	❌	✅
Apartment damages cover	❌	❌	✅
Initial fee (Blocked Account)	€89.00	€89.00	€89.00
Monthly fee (Blocked Account)	€4.90	€4.90	€4.90
Initial fee (Health Insurance)	N/A	€0.00	€0.00
Monthly fee (Health Insurance)	N/A	Starting at €25.00	Starting at €25.00
Annual fee (Liability Insurance)	N/A	N/A	€55.00

Please note that while Fintiba Basic only provides a blocked account, the Plus package includes additional benefits like health insurance and access to a community, study guides, and language learning offers. Fintiba Plus Protect includes all of the benefits of the Plus package, but also provides liability insurance with cover against key loss, unjustified claims, and apartment damages. The fees for each package also vary depending on the services provided.

Fintiba Blocked Account: Secure and Innovative

Fintiba's blocked account service is designed to ease your way through German bureaucracy. Offering a digital and interactive process, it complies with the highest German security standards. The account opening takes less than 10 minutes and offers the highest security guarantee. The blocked account is opened in your name to ensure security and facilitate international money transfers, with a deposit protection fund of up to €100,000.00. The Fintiba app provides step-by-step guidance through the process, with real-time control over your funds, instant updates, and the ability to upload documents directly from your phone.

Fintiba Health Insurance

Health insurance is a requirement for visa and enrolment in Germany. Fintiba cooperates with experts in this field to offer you full protection for your stay in Germany. You can opt for DAK-Gesundheit, one of Germany’s largest and longest established statutory health insurances, or MAWISTA, a market leader in Germany with tailor-made private health insurances. Each offers a unique set of benefits to fit your individual needs.

DAK-Gesundheit provides appointment services, cost coverage for various medical services and preventive check-ups, multi-language service hotline, doctor-video-chat, and live-chat with DAK consultants.

MAWISTA offers free travel health insurance within the Fintiba Plus package and private health insurance with free choice between the Classic and Comfort tariff.

Health Insurance Type	Coverage	Cost	Key Features
Travel Health Insurance (MAWISTA Visum)	Unlimited insurance coverage (more than € 30,000.00 are covered). Coverage complies with the requirements of the European Parliament and Council.	Included within the Fintiba Plus package	Free of charge within the Fintiba Plus package. Valid for the agreed period within 12 months from the applied start of insurance – multiple entry and exit is possible. Includes travel liability insurance.
Private Health Insurance (MAWISTA Student)	Coverage in Germany and the states of the EU (+ Switzerland, Liechtenstein, Norway and Iceland).	Monthly fee starting at €25.00	Valid for 60 months. Automated cancellation in case you switch to governmental health insurance. Free choice between the Classic and Comfort tariff. Including an insurance card in the Comfort tariff, so that the costs of treatment by the doctor are covered directly by the insurer.
Governmental Health Insurance (DAK-Gesundheit)	Covers visits to your general practitioner (Hausarzt), basic dental care, in- and out-patient procedures, and more.	Monthly fee based on individual's status (student, employee, etc.)	Offers numerous extra services that go beyond the legal requirements such as Appointment Service, Cost Coverage, Multi-Language Service Hotline, Doctor-Video-Chat, Live-Chat with DAK consultants.

Please note that the cost of the governmental health insurance provided by DAK-Gesundheit depends on various factors, such as the individual's employment status and income. Therefore, the cost is not specified in the table above. This table is based on the information you provided and may need to be updated with the latest information from Fintiba's website or customer service.

Registration with Fintiba is simple, requiring only a few personal details. After registration, Fintiba will issue an insurance confirmation, which you can use for your visa, residence permit appointment, or enrolment. Once you arrive in Germany, you can easily activate your insurance through the Fintiba app and receive your health insurance card.

FAQs

1. What is Fintiba and what services does it offer?

Fintiba is a digital solution provider specializing in assisting international students, language students, job-seekers, apprentices, and au-pairs with their move to Germany. Their services include offering a German blocked account (Sperrkonto) for visa applications, health insurance (both private and public), and a comprehensive package (Fintiba Plus) that includes blocked account, health insurance, and additional benefits.

2. What is a blocked account and why do I need it?

A blocked account is a special kind of bank account required by the German government for foreign students applying for a student visa. It's designed to prove that the student has sufficient funds to live in Germany. Fintiba offers a quick and easy solution for setting up a blocked account online.

3. How much does it cost to set up a blocked account with Fintiba?

The initial setup fee for a Fintiba blocked account is € 89.00, followed by a monthly fee of € 4.90.

4. What is Fintiba Plus and Fintiba Plus Protect?

Fintiba Plus is a comprehensive package that includes a blocked account, health insurance, and additional benefits such as a free choice of current accounts, exclusive language learning offers, study guide access, and Fintiba community access. Fintiba Plus Protect includes all the benefits of Fintiba Plus, along with liability insurance.

5. What types of health insurance does Fintiba offer?

Fintiba offers both private and governmental health insurance in collaboration with MAWISTA and DAK-Gesundheit respectively. The specific type of insurance you need depends on your individual situation.

6. How does Fintiba's health insurance work?

Depending on the health insurance type, Fintiba offers different coverage. For instance, travel health insurance covers more than € 30,000.00 and complies with the requirements of the European Parliament and Council. The private health insurance offers coverage in Germany and EU states. The governmental health insurance covers basic medical and dental care, in- and out-patient procedures, and more.

7. How does Fintiba compare to other similar service providers?

Fintiba differentiates itself by offering a fully digital process, making the entire journey to Germany faster and smoother. It also provides an app-based solution with step-by-step guidance to ensure you never miss an important to-do. Furthermore, it offers competitive prices and has been officially approved by the German Federal Foreign Office.

8. Is Fintiba a trusted service?

Yes, Fintiba is trusted and has been officially approved by the German Federal Foreign Office. It's also highly rated by users, with more than 871 reviews and a rating of "excellent."

Remember that it's always a good idea to conduct your own research and ask questions directly to the service provider to get the most accurate and up-to-date information.