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

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

"Before retiring in Stykkisholmur, expats should know that the cost of living is relatively high, with groceries, dining, and housing being more expensive than in many other countries. They should also be aware that the climate is cold and windy, with long, dark winters and short, cool summers. Expats should understand that the official language is Icelandic, although English is widely spoken. They should also be aware that the healthcare system in Iceland is of a high standard, but it is advisable to have comprehensive health insurance. Expats should know that Stykkisholmur is a small town with a population of around 1,100 people, so it offers a quiet, peaceful lifestyle. It's also important to note that the town is located on the Snaefellsnes Peninsula, which is known for its stunning natural beauty, including mountains, glaciers, and bird colonies. Expats should be aware that the Icelandic people are known for their friendliness and hospitality, but they also value their privacy and expect others to do the same. They should also know that the crime rate in Iceland is very low, making it a safe place to live. Before moving, expats should familiarize themselves with the local customs and traditions, such as the Christmas Eve tradition of giving books and spending the evening reading. They should also be aware that fishing and tourism are the main industries in Stykkisholmur, so there may be opportunities for part-time work or volunteering. Finally, expats should know that the process of moving to Iceland involves obtaining a residence permit, which requires proof of financial self-sufficiency, among other things. It's recommended to consult with an immigration expert or lawyer to understand the process and requirements," mentioned another expat when asked about moving to Stykkisholmur, Iceland.

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Where should I setup a bank account in Stykkisholmur?

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


SJB Global
SJB Global

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.
Learn More

SJB GlobalSJB Global

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.
Learn More

SJB Global
SJB Global

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