Where should I setup a bank account in Boracay Island?

"Before retiring in Boracay Island, expats should know that the cost of living is relatively low compared to Western countries, but it can be higher than other parts of the Philippines due to its popularity as a tourist destination. They should also be aware that the island has a tropical climate, with a dry season from November to April and a wet season from May to October. Expats should understand that while English is widely spoken in Boracay, learning some basic Tagalog phrases can be beneficial. They should also be aware of the healthcare system in the Philippines, which is a mix of public and private providers. While the quality of care can vary, there are good hospitals and clinics available, especially in larger cities. Expats should also know that they will need a visa to retire in the Philippines. The Special Resident Retiree’s Visa (SRRV) is a popular option, which requires a deposit and offers benefits like multiple-entry privileges and exemption from customs duties for the importation of personal goods. Expats should also be aware of the local culture and customs. Filipinos are known for their hospitality and friendliness, but it's important to respect local traditions and norms. This includes dressing modestly, especially in rural areas, and avoiding sensitive topics like politics and religion. Finally, expats should know that while Boracay is a beautiful island with stunning beaches, it can also be crowded and noisy, especially during peak tourist season. Therefore, it's important to choose your location carefully, considering factors like proximity to amenities, noise levels, and access to healthcare facilities," explained one expat living in Boracay 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