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Expat Advice: Financial Issues in Malacca, Malaysia

Submitted by ResearchTeam

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

Malacca

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.

Malacca is a great place to retire for expats looking for a warm climate and a low cost of living. Before retiring in Malacca, expats should research the local culture and customs to ensure they are comfortable with the lifestyle. Expats should also familiarize themselves with the local language, as English is not widely spoken. Additionally, expats should research the healthcare system in Malacca to ensure they have access to quality medical care. Finally, expats should consider the cost of living in Malacca, as it is generally lower than in other parts of Malaysia.

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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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