Where should I setup a bank account in Aqaba?

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

"Expats considering retiring in Aqaba should be aware of several factors before making the move. Firstly, it is essential to research and understand the cost of living, which can be relatively low compared to Western countries, but may vary depending on lifestyle choices and housing options. It is also crucial to familiarize oneself with the local culture, customs, and language. While English is widely spoken in Aqaba, learning some basic Arabic phrases can be helpful in daily interactions and can help expats integrate more easily into the local community. Healthcare facilities in Aqaba are generally of good quality, but it is important to secure comprehensive health insurance to cover any medical expenses that may arise. Expats should also be aware of the availability of specific medications and treatments, as some may not be readily accessible in Jordan. When it comes to housing, expats should research the various neighborhoods and types of accommodation available in Aqaba. Renting is the most common option for expats, and it is advisable to work with a reputable real estate agent to find a suitable property. Safety and security are generally not major concerns in Aqaba, but it is still important to stay informed about the local political situation and any potential risks. Registering with one's home country's embassy or consulate can provide access to important updates and assistance in case of emergencies. Expats should also be aware of the visa and residency requirements for retiring in Jordan. This may involve obtaining a retirement visa or a long-term residency permit, which may require proof of financial self-sufficiency and other documentation. Finally, it is essential to consider the climate in Aqaba, which is characterized by hot summers and mild winters. Expats should be prepared for the heat and ensure that their housing has adequate cooling systems in place. In summary, retiring in Aqaba, Jordan can be an enriching experience for expats who take the time to research and prepare for the local culture, cost of living, healthcare, housing, safety, visa requirements, and climate," commented one expat who made the move to Aqaba, Jordan.

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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.

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