Ecuador
Where should I setup a bank account in Ecuador?
We asked expats in Ecuador what banks they use and there advice about banking. They advised...
"We have an account in the bank of Loja. It is good to have a local account to pay bills here. We also maintain an account with a local bank in WA state, and with Wells Fargo. We can draw money from each at a cash machine. We use Xoom for international money transfers," commented one expat who made the move to Vilcabamba, Ecuador.
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"Before retiring in Ecuador, expats should research the cost of living in the area they are interested in to ensure it is within their budget. They should also become familiar with the local language and culture, and make sure they have the correct visas and resident permits before they arrive. Additionally, they should make sure they have access to healthcare and medical services that are up to their standard, as well as ensuring their pension or other forms of income will be sufficient to cover all the necessary expenses. Finally, they should take the time to research the area they are interested in and familiarize themselves with the local culture and customs," remarked another expat in Ecuador.
Other Questions:
- What should I pack when moving to Ecuador?
- Where should I setup a bank account in Ecuador?
- Will I be able to find a job in Ecuador?
- What is life like in Ecuador?
- What do expats in Ecuador appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Ecuador?
- Is there a lot of diversity? Are people in Ecuador accepting of differences?
- What are the schools in Ecuador like?
- What are healthcare services like in Ecuador?
- What are medical services in Ecuador like?
- Are healthcare and health insurance expensive in Ecuador?
- What are emergency services like in Ecuador?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Ecuador?
- How are local medical facilities in Ecuador?
- As a foreigner living in Ecuador, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Where should I setup a bank account in Ecuador?
If you live in Ecuador, newcomers to Ecuador 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.
