Where should I setup a bank account in Nicaragua?
We asked expats in Nicaragua what banks they use and there advice about banking. They advised...
"Expat retirees should research the cost of living in Nicaragua to ensure that their budget is adequate for the lifestyle they plan to lead. Additionally, expats should familiarize themselves with Nicaraguan customs and laws, such as laws regarding residency, taxes, and health insurance. Expats should also research their transportation options in Nicaragua and consider their safety concerns, as Nicaragua often experiences civil unrest. Lastly, prior to retirement, expats should make sure they understand what they can expect in terms of the Nicaraguan healthcare facilities, banks and utilities services, and available leisure activities," said another expat in Nicaragua.
Other Questions:
- What do I need to know before retiring in Nicaragua?
- How do I meet people in Nicaragua?
- What is life like in Nicaragua?
- Is there a lot of crime in Nicaragua?
- Is there a lot of diversity? Are people in Nicaragua accepting of differences?
- What are the schools in Nicaragua like?
- Is the cost of living in Nicaragua high?
- What advice do you have for expats having a baby in Nicaragua?
- What are healthcare services like in Nicaragua?
- Is the cost of living in Nicaragua high?
- What type of recreational facilities are in Nicaragua?
- What is the weather like in Nicaragua?
- Are there good restaurants in Nicaragua?
- Where will I buy groceries and do other shopping in Nicaragua?
- What are the visa & residency requirements in Nicaragua?
- Are healthcare and health insurance expensive in Nicaragua?
- What do I need to know when buying property in Nicaragua?
- Are foreigners allowed to own property in Nicaragua?
- What appliances are typically included in a rental?
Where should I setup a bank account in Nicaragua?
If you live in Nicaragua, newcomers to Nicaragua would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.