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Bacolod City, Philippines | Where should I setup a bank account in Bacolod City? | Digital Nomad Exchange
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Where should I setup a bank account in Bacolod City?

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

"Expats considering retirement in Bacolod City should be aware of several key factors. Firstly, the cost of living is relatively low compared to Western countries, making it an attractive option for those on a fixed income. However, healthcare facilities may not be as advanced or readily available as in their home country, so it's important to have a comprehensive health insurance plan. The official language is Filipino, but English is widely spoken, making communication easier for English-speaking expats. The city has a tropical climate, with a rainy season from June to November, and a dry season from December to May. Bacolod City is known for its friendly locals, vibrant festivals, and delicious food. It's also home to several golf courses, shopping malls, and other amenities. However, it's important to note that the pace of life is slower than in many Western countries, which some may find relaxing, while others may find frustrating. The Philippines has a relatively high crime rate, although Bacolod City is generally considered safer than other parts of the country. Still, it's important to take standard safety precautions, such as avoiding displaying wealth in public and being aware of your surroundings. Finally, expats should be aware of the visa requirements for living in the Philippines. The country offers a Special Resident Retiree's Visa (SRRV) for foreign nationals who are at least 50 years old and meet certain financial requirements. This visa allows holders to live, work, and study in the Philippines, and comes with other benefits such as duty-free importation of household goods," mentioned another expat when asked about moving to Bacolod City, Philippines.

Other Questions:

Where should I setup a bank account in Bacolod City?

If you live in Bacolod City, newcomers to Bacolod City 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

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