Where should I setup a bank account in Malapascua?
We asked expats in Malapascua what banks they use and there advice about banking. They advised...
"Expats considering retirement in Malapascua should be aware of several key factors. Firstly, the cost of living is generally lower than in many Western countries, but it's important to budget for unexpected expenses. Healthcare in the Philippines is affordable but may not be up to the standards expats are used to, so it's advisable to have a comprehensive health insurance plan. Malapascua is a small island and while it offers a peaceful and relaxed lifestyle, it may not provide all the amenities and services available in larger cities. The island is known for its diving spots, so it's perfect for those who enjoy water activities. The official language is Filipino, but English is widely spoken, especially in tourist areas. However, learning some basic Filipino phrases can enhance your experience. The Philippines has a tropical climate, with a dry season from November to April and a wet season from May to October. It's important to be prepared for typhoons, which can occur during the wet season. The country has a residency program for retirees, which requires a deposit and offers benefits like tax-free import of household goods. Lastly, it's crucial to respect local customs and traditions. The Philippines is predominantly Catholic, and religious holidays and festivals are celebrated with enthusiasm. The locals are known for their hospitality and friendliness, and building good relationships with them can greatly enrich your retirement experience," wrote a member who made the move to Malapascua, Philippines.
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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'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.
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Other Questions:
- What do I need to know before moving to Malapascua?
- How do I find a place to live in Malapascua?
- What is a typical expat home or apartment like in Malapascua?
- What is the average cost of housing in Malapascua?
- Should I buy or rent a home in Malapascua?
- What should I pack when moving to Malapascua?
- What cultural faux pas should I try to avoid making in Malapascua?
- What advice do you have for expats having a baby in Malapascua?
- What are healthcare services like in Malapascua?
- Is the cost of living in Malapascua high?
- Will I save money living in Malapascua?
- Why do people move to Malapascua?
- What are healthcare services like in Malapascua?
- What are medical services in Malapascua like?
Where should I setup a bank account in Malapascua?
If you live in Malapascua, newcomers to Malapascua would love to hear your answer to this question.