Where should I setup a bank account in Olon?

"Expats considering retirement in Olon should be aware of several key factors. Firstly, the cost of living in Olon is relatively low compared to many Western countries, making it an attractive option for retirees. However, it's important to understand that the local economy is primarily cash-based, so access to banking and ATM facilities may be limited. The official language in Ecuador is Spanish, so learning the language or at least basic phrases would be beneficial. The healthcare system in Ecuador is generally good, but it's advisable to have a comprehensive health insurance plan. Olon has a warm, tropical climate year-round, which may be a significant change for those used to four distinct seasons. The town is small and tranquil, offering a relaxed lifestyle with beautiful beaches and nature. However, it may lack certain amenities and entertainment options that larger cities offer. Ecuador's immigration laws require that you apply for a residency visa if you plan to stay more than 90 days. It's also important to note that while crime rates in Olon are relatively low, petty crime like pickpocketing can occur, so it's important to take basic safety precautions. Lastly, it's recommended to visit Olon and spend some time there before making a decision to retire, to ensure that the lifestyle and culture align with your retirement expectations," remarked another expat who made the move to Olon, Ecuador.