Where should I setup a bank account in Bohol Island?

"Expats considering retiring in Bohol Island, should be aware of several factors to ensure a smooth transition and enjoyable retirement. Firstly, it is essential to research and understand the cost of living, which is generally lower than in Western countries but can vary depending on lifestyle choices and location within the island. Healthcare is another crucial consideration, as the quality of medical facilities and services may not be on par with those in their home country. Expats should look into obtaining comprehensive health insurance and familiarize themselves with the available healthcare options in Bohol. The climate in Bohol is tropical, with hot and humid weather throughout the year and a rainy season from June to November. Expats should be prepared for this climate and take necessary precautions, such as staying hydrated and protecting themselves from the sun. Language can be a barrier for some expats, as the primary languages spoken in Bohol are Cebuano and Tagalog. However, English is widely spoken, especially in tourist areas. It is still beneficial to learn some basic phrases in the local language to help with daily interactions and immerse oneself in the local culture. Expats should also familiarize themselves with the local customs, traditions, and etiquette to ensure they respect and adapt to the local culture. This includes understanding the importance of family, respect for elders, and the concept of "Filipino time," which refers to the relaxed attitude towards punctuality. Housing options in Bohol can range from affordable apartments to luxurious beachfront properties. Expats should research the different areas of the island and consider factors such as proximity to amenities, safety, and transportation options when choosing a place to live. Transportation in Bohol is primarily through tricycles, jeepneys, and buses. Expats should familiarize themselves with these modes of transportation and be prepared for potential traffic congestion and limited public transportation options in some areas. Finally, expats should be aware of the visa and residency requirements for retiring in the Philippines. The Special Resident Retiree's Visa (SRRV) is a popular option for retirees, offering various benefits and a straightforward application process. It is essential to research and comply with all necessary requirements to ensure a smooth transition to life in Bohol," said a member in Bohol Island, Philippines.

William Russell
Get Quote

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
Get Quote