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Expat Advice: Financial Issues in Munich, Germany

Submitted by ResearchTeam

What is the name of the city or town that you are reporting on?

Munich

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

Munich is a great city for retirees, offering a high quality of life and plenty of activities to keep you busy. Before retiring in Munich, it is important to research the cost of living and the availability of healthcare services. It is also important to consider the language barrier, as most people in Munich speak German. Additionally, it is important to research the visa requirements for retirees, as well as the tax implications of living in Germany. Finally, it is important to familiarize yourself with the culture and customs of Munich, as this will help you to integrate into the local community.

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Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
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