Expat Advice: Financial Issues in Davao, Philippines

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

Davao

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 Davao, expats should be aware of the cost of living, which is generally lower than in other parts of the country. They should also research the local culture and customs, as well as the availability of healthcare and other services. Additionally, expats should be aware of the local climate, which is generally hot and humid year-round. Finally, expats should research the local job market and the availability of recreational activities in the area.

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