Where should I setup a bank account in Vestmannaeyjar?

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

"Vestmannaeyjar, also known as the Westman Islands, is a small archipelago off the south coast of Iceland, known for its stunning natural beauty, wildlife, and peaceful lifestyle. Before retiring in Vestmannaeyjar, expats should know that the primary language spoken is Icelandic, although English is widely understood. It would be beneficial to learn some basic Icelandic phrases to help with daily life. The cost of living in Vestmannaeyjar is relatively high, as is the case with most of Iceland. This includes groceries, housing, and utilities, so it's important to budget accordingly. The climate in Vestmannaeyjar is subarctic, meaning summers are cool and winters can be quite cold. The weather can also be unpredictable, with sudden changes and strong winds, so appropriate clothing is essential. Healthcare in Iceland is of a high standard. Expats should ensure they have appropriate health insurance coverage, as medical costs can be high. The islands are small and remote, which means that some amenities and services may not be as readily available as in larger cities. However, the main island, Heimaey, has basic amenities like a supermarket, a hospital, and restaurants. Public transportation is limited in Vestmannaeyjar. Most residents own a car for getting around the island, but there are also taxis and a good network of walking and cycling paths. Iceland is known for its safety and Vestmannaeyjar is no exception. Crime rates are very low, but it's still important to take basic safety precautions. The local cuisine is heavily based on seafood, lamb, and dairy products. Those with dietary restrictions or preferences should be prepared to cook at home, as options may be limited. Finally, it's important to note that the population of Vestmannaeyjar is small, with a close-knit community. It may take time to integrate and make friends, but the locals are generally friendly and welcoming," said a member in Vestmannaeyjar, Iceland.

SJB Global
Connect

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

Click connect to have our partner contact you via e-mail and/or phone.