Where should I setup a bank account in Bali?

"Expats considering retiring in Bali, should be aware of several important factors before making the move. Firstly, they must obtain the appropriate visa, such as a retirement visa or social visa, which requires meeting specific age and financial requirements. It is essential to research and understand the visa application process and the necessary documentation. The cost of living in Bali can be relatively low compared to Western countries, but it is essential to budget for housing, healthcare, transportation, and daily expenses. Expats should also be aware that the Indonesian Rupiah (IDR) is the local currency, and they may need to open a local bank account for financial transactions. Healthcare facilities in Bali may not be up to the standards of Western countries, so expats should ensure they have comprehensive health insurance that covers medical evacuation if necessary. It is also crucial to be aware of tropical diseases such as dengue fever and take necessary precautions. Bali has a tropical climate with high humidity and two distinct seasons: wet and dry. Expats should be prepared for the weather conditions and take necessary precautions to stay healthy and comfortable. The official language in Bali is Indonesian, but Balinese is also widely spoken. Expats should make an effort to learn the local language to better integrate into the community and make daily life easier. English is spoken in tourist areas, but it may not be widely understood in more rural areas. Bali has a rich and diverse culture, with Hinduism being the predominant religion. Expats should respect local customs, traditions, and religious practices, including dressing modestly and observing local etiquette. Transportation in Bali can be challenging, with congested roads and limited public transportation options. Expats may need to rely on private transportation, such as scooters or cars, to get around. It is essential to familiarize oneself with local traffic laws and obtain the appropriate driving license. Finally, expats should be aware of the potential natural disasters in Bali, such as earthquakes, tsunamis, and volcanic eruptions. It is crucial to have a plan in place and stay informed about any potential threats to ensure personal safety," commented one expat who made the move to Bali, Indonesia.

Cigna Global Health
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Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.

Cigna Global Health

Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Get Quote