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Peyia, Cyprus | Where should I setup a bank account in Peyia? | Expat Exchange
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Where should I setup a bank account in Peyia?

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

"Expats considering retirement in Peyia should be aware of several important factors. Firstly, the cost of living in Peyia is relatively low compared to other European countries, but it's still important to have a solid financial plan in place. The local currency is the Euro, and it's advisable to understand the exchange rates and banking system. The official languages in Cyprus are Greek and Turkish, but English is widely spoken, especially in tourist areas. However, learning some basic Greek phrases can be beneficial for daily life. Healthcare in Cyprus is of a high standard. Both public and private healthcare are available, and it's recommended to have health insurance. Expats from EU countries may be eligible for a European Health Insurance Card (EHIC) which covers necessary treatments. The climate in Peyia is Mediterranean, with hot summers and mild winters. This can be a significant change for those from cooler climates, so it's important to prepare for this. Cyprus has a relaxed pace of life, which can be a big change for those used to a fast-paced lifestyle. This slower pace can be a great benefit for retirees looking for a peaceful environment. The Cypriot culture is rich and vibrant, with a mix of Greek, Turkish, and British influences. Expats are encouraged to immerse themselves in the local culture and traditions. Cyprus has a relatively low crime rate, making it a safe place to live. However, it's still important to take standard precautions and be aware of your surroundings. Lastly, it's important to understand the visa and residency requirements for living in Cyprus. Non-EU citizens will need to apply for a visa, and it's recommended to consult with a legal professional to understand the process," remarked another expat in Peyia, Cyprus.

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Where should I setup a bank account in Peyia?

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


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