Expat Advice: Financial Issues in Qingdao, China, China

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

Qingdao, 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 who are considering retiring in Qingdao should be aware that health insurance is mandatory and they will need to apply for it at the local government office. Additionally, expats should ensure that their visa is updated every year and should apply for residence permits in order to be able to stay in Qingdao for longer than six months. English is not widely spoken in Qingdao, so expats should familiarize themselves with the local language, Mandarin Chinese. Finally, expats should factor in the cost of living in Qingdao, as prices are higher than the national average.

William Russell
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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