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Akranes, Iceland | Where should I setup a bank account in Akranes? | Expat Exchange
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Where should I setup a bank account in Akranes?

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

"Expats considering retirement in Akranes, should be aware that the cost of living is relatively high, with groceries, housing, and healthcare being particularly expensive. They should also know that the climate is cold and windy, with long, dark winters and short, cool summers. The official language is Icelandic, so learning the language would be beneficial, although most Icelanders speak English. The healthcare system in Iceland is of a high standard, but it's important to secure comprehensive health insurance. Iceland is known for its safety and low crime rates, making it a peaceful place for retirement. However, it's essential to understand the local laws and regulations. Public transportation is not as prevalent in Akranes as it is in larger cities, so having a personal vehicle may be necessary. The town offers a variety of outdoor activities, including golfing, hiking, and fishing, which retirees might find enjoyable. Icelandic people are known for their friendliness and hospitality, but it may take time to integrate into the community fully. Lastly, retirees should be prepared for the high taxes in Iceland, which fund the country's extensive social welfare programs," mentioned another expat when asked about moving to Akranes, Iceland.

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Where should I setup a bank account in Akranes?

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


William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
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William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
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