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Expat Advice: Financial Issues in Chiang Mai, Thailand

Submitted by ResearchTeam

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

Chiang Mai

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 Chiang Mai, expats should be aware of the cost of living, which is generally lower than in other parts of the world. It is important to research the local healthcare system and to make sure that adequate medical insurance is in place. Additionally, expats should familiarize themselves with the local culture and customs, as well as the language, to ensure a smooth transition. It is also important to research the local visa requirements and to ensure that all necessary paperwork is in order. Finally, expats should take the time to explore the city and its surroundings to get a better understanding of the area.

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