Expat Advice: Financial Issues in Beijing, China, China

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

Beijing, China

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.

Expats considering retiring in Beijing should be prepared for the city's high cost of living, especially for rent and food. It is important to research housing options and learn about the local markets to understand the best places to purchase quality food. Beijing has a harsh climate with long, cold winters, so those retiring should consider investing in quality insulation and heating to stay comfortable. With a population of over 21 million people, Beijing is a densely-populated city and one should research the various neighborhoods available to determine the best location to live. Additionally, it is important to take into account the city's air quality, which can be quite poor; be prepared to buy air masks if needed. Retirement in Beijing also requires a visa, so it is important to start the visa process early, exploring the requirements and paperwork needed. Taking the time to research and prepare for Beijing can ensure a smooth transition when relocating.

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Traveling Mailbox

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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Click connect to have our partner contact you via e-mail and/or phone.