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Siargao, Philippines | Where should I setup a bank account in Siargao? | Expat Exchange
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Where should I setup a bank account in Siargao?

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

"Expats considering retirement in Siargao should be aware of several key factors. Firstly, the cost of living is relatively low compared to Western countries, but it's important to have a reliable source of income to cover expenses. Healthcare facilities on the island are basic, so it's advisable to have a good health insurance plan that covers medical evacuation in case of serious illness or injury. The official language is Filipino, but English is widely spoken, especially in tourist areas. The climate is tropical, with a rainy season from November to January and a dry season from March to October. Siargao is known for its surfing, so it's a great place for active retirees. However, it's also a remote island, which means that certain amenities and services common in larger cities may not be available. The Philippines has a retirement visa program that allows foreigners to live in the country indefinitely, but there are certain financial requirements to meet. It's also important to note that foreign retirees cannot own land in the Philippines, but they can own condominium units or townhouses. The local culture is friendly and welcoming, but it's important to respect local customs and traditions. Finally, while Siargao is generally safe, it's advisable to take standard precautions to protect against petty crime," said another expat in Siargao, Philippines.

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Where should I setup a bank account in Siargao?

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


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

AGS Worldwide Movers
AGS Worldwide Movers

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