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Tulum, Mexico | Where should I setup a bank account in Tulum? | Expat Exchange
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Tulum, Mexico

Where should I setup a bank account in Tulum?

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

"Before retiring in Tulum, expats should know that the cost of living is generally lower than in many Western countries, but it can vary depending on lifestyle choices. They should be aware that while many locals speak English, learning Spanish can greatly enhance their experience and make daily life easier. Expats should understand that healthcare in Mexico is generally good and less expensive than in the U.S., but it's advisable to have health insurance. They should also know that Tulum is a popular tourist destination, so it can get crowded during peak travel seasons. Expats should be prepared for the tropical climate, which includes hot, humid summers and mild winters. They should also be aware of the potential for hurricanes during the hurricane season, which runs from June to November. Before moving, expats should familiarize themselves with the process of obtaining a resident visa in Mexico, which requires proof of income and may involve a lot of paperwork. They should also know that while Tulum is generally safe, like any place, it has crime, and they should take standard precautions to protect themselves and their property. Expats should also be aware that while Tulum has many modern amenities, it is still a developing area and infrastructure can sometimes be lacking compared to what they might be used to. Lastly, they should know that Tulum is known for its beautiful beaches, ancient ruins, and vibrant local culture, offering plenty of opportunities for leisure and exploration," mentioned another expat when asked about moving to Tulum, Mexico.

Other Questions:

Where should I setup a bank account in Tulum?

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


Tulum, Mexico
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

Welcome Home Mexico
Welcome Home Mexico

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