Month: July 2021

Given the uncertainty of international students that Hamburg-based German escrow account provider BAM Nationwide Investment Management stops making €861 monthly paymentstransferred by students to purported accounts in their home country, Aareal Bank AG will finally transfer funds to all BAM customers living in Germany, including students, the Federal Financial Supervisory Authority (BaFin) announced. The bank …

International students in Germany are facing financial problems after a blocked account provider stopped making monthly payments Read More »

Hundreds of foreign students in Germany have found themselves in financial trouble after a German provider blocked their account “BAM Nationwide Facility Management“ based in Hamburg, stopped paying fixed monthly amounts that students paid into their accounts before arriving in Germany. The relevant blocked account provider offered students a so-called all-round worry-free package of 60 …

International students in Germany are struggling financially after a blocked account provider stopped monthly payments Read More »