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Alicante, Spain | Where should I setup a bank account in Alicante? | Expat Exchange
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Where should I setup a bank account in Alicante?

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We asked expats in Alicante what banks they use and there advice about banking. They advised...

"Expats considering retirement in Alicante, should be aware of several key factors. Firstly, it's important to understand the cost of living, which is generally lower than in many other European countries, but can vary depending on lifestyle and location. Healthcare in Spain is of a high standard, with both public and private options available. Expats should research the best healthcare plan for their needs and budget. The official language in Alicante is Spanish, so learning the language can greatly enhance your experience. However, English is widely spoken in tourist areas and among younger generations. Spain has a warm Mediterranean climate, with hot summers and mild winters, which can be a significant draw for many retirees. However, it's worth noting that the heat in summer can be intense. Spanish culture is rich and diverse, with a strong emphasis on family, food, and festivals. Adapting to the local culture and customs can greatly enhance your retirement experience. Spain has a high standard of housing, with a wide range of options available from city apartments to rural villas. It's important to research the property market thoroughly and consider seeking professional advice before purchasing a property. Spain has a comprehensive public transport system, but owning a car can be beneficial, especially for those living outside of the city center. Finally, it's important to understand the Spanish tax system, as Spain has a double taxation agreement with many countries, meaning you won't have to pay tax in two countries. However, tax laws can be complex and it's advisable to seek professional advice," explained one expat living in Alicante, Spain.

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Other Questions:

Where should I setup a bank account in Alicante?

If you live in Alicante, newcomers to Alicante would love to hear your answer to this question.


Cigna Global Health
Cigna Global Health

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Cigna Global HealthCigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
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Cigna Global Health
Cigna Global Health

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