Where should I setup a bank account in Borgarnes?

"Before retiring in Borgarnes, expats should know that the cost of living is relatively high compared to other countries. The local currency is the Icelandic króna, and it's important to understand the exchange rate. Expats should also be aware that the climate in Borgarnes is subarctic, with cool summers and cold winters. The town is located in a coastal area, so it can be quite windy. The official language is Icelandic, but English is widely spoken. However, learning some basic Icelandic phrases can be beneficial for daily life. Healthcare in Iceland is of a high standard, but it's advisable for expats to have comprehensive health insurance. Borgarnes is a small town with a population of around 2000 people. It offers a peaceful lifestyle with stunning natural beauty, including mountains, rivers, and the sea. The town has basic amenities such as supermarkets, a hospital, schools, and restaurants. For more extensive shopping or entertainment options, the capital city Reykjavik is about an hour's drive away. Iceland is known for its safety and Borgarnes is no exception. The crime rate is very low, making it a safe place to retire. Public transportation is limited in Borgarnes, so having a car can be beneficial. However, the town is small enough to walk or bike around. Icelandic people are known for their friendliness and hospitality, but they also value their privacy. It's important to respect this cultural aspect when interacting with locals. Finally, expats should be aware that the process of moving to Iceland can be complex. It involves obtaining a residence permit, which requires proof of financial self-sufficiency, among other things. It's advisable to seek legal advice or assistance from a relocation service," said another expat in Borgarnes, Iceland.