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Vevey, Switzerland | Where should I setup a bank account in Vevey? | Expat Exchange
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Where should I setup a bank account in Vevey?

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

"Vevey is a picturesque town located on the shores of Lake Geneva, known for its mild climate and stunning views. Before retiring in Vevey, expats should be aware of several important factors. Firstly, the cost of living in Switzerland is high, and Vevey is no exception. Everything from housing to groceries can be more expensive than in other countries, so it's important to have a solid financial plan in place. Secondly, Switzerland has a mandatory health insurance policy. Every resident, regardless of age or health status, is required to have basic health insurance, known as LaMal (L'Assurance Maladie). The insurance covers a large portion of the cost of medical care, but it's important to budget for this expense. Thirdly, while the official language in Vevey is French, many locals and expats also speak English. However, learning some basic French phrases can be beneficial for daily life and integrating into the local community. Fourthly, Switzerland has a high standard of living and is known for its cleanliness, safety, and efficient public transportation. Vevey, like many Swiss towns, is very walkable and has excellent public transportation links to other parts of the country. Fifthly, Switzerland has a wealth of outdoor activities to enjoy, from hiking and skiing in the Alps to swimming and boating on Lake Geneva. Retirees who enjoy an active lifestyle will find plenty to do in and around Vevey. Lastly, it's important to understand the Swiss tax system. Switzerland has a complex tax system with federal, cantonal, and communal taxes. It's advisable to seek professional advice to understand your tax obligations as a retiree in Vevey. In conclusion, retiring in Vevey, Switzerland can offer a high quality of life, stunning natural beauty, and a safe and clean environment. However, it's important to plan for the high cost of living, mandatory health insurance, and complex tax system," remarked another expat who made the move to Vevey, Switzerland.

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Where should I setup a bank account in Vevey?

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


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AGS Worldwide Movers can move you to and from anywhere in the world.
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