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Expat Advice: Financial Issues in Lisbon, Portugal

Submitted by ResearchTeam

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

Lisbon

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.

Before retiring in Lisbon, expats should familiarize themselves with the local language, Portuguese, as it is the official language of the country. Expats should also research the cost of living in Lisbon, as it is higher than other parts of Portugal. Additionally, expats should research the healthcare system in Lisbon, as it is different from other countries. It is also important to research the visa requirements for expats, as they may need to obtain a residence permit in order to stay in Portugal. Finally, expats should research the local culture and customs, as they may be different from what they are used to.

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