Coracle Blocked Account

No. Coracle stopped accepting new blocked-account applications on 4 August 2025, saying it is rebuilding its banking infrastructure. Existing customers are not affected. As of 30 September 2026, no reopening date has been announced and the opening fee is listed as 'coming soon'. If you need a blocked account now, consider Expatrio (€119 setup + €9/month) or Fintiba (€159 setup + €9.90/month).

Before the pause, Coracle charged a one-time opening fee of €99 with no monthly fees, so the first year cost €99 in total. With the Prime package (blocked account + public health insurance + travel insurance) the opening fee was €59. Extensions cost €60/year. Coracle's website currently lists the opening fee as 'coming soon', so prices may change when applications reopen.

Coracle operates as a payment agent of Lemonway, a French-licensed payment institution. Your funds are held in trust at Deutsche Postbank or Deutsche Kreditbank (DKB). This escrow model means French deposit insurance protects deposits up to €100,000.

Before the pause, the Coracle Prime package combined the blocked account with public health insurance (Techniker Krankenkasse, BARMER or AOK) and travel insurance for a reduced opening fee of €59 (vs €99 for the blocked account alone). The health insurance contribution is paid separately to the insurer: in 2026, public health insurance for students costs about €139–€151 per month (under 23 or with children), depending on the insurer.

Before the pause, Coracle was the cheapest option (€99 in the first year with no monthly fees, vs €227 at Expatrio and €277.80 at Fintiba). However, it has no mobile app, no credit card payment and no referral programme. Most importantly, Coracle has not accepted new applications since 4 August 2025.