Expat Advice: Financial Issues in San Miguel de Allende, Mexico

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

San Miguel de Allende

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.

It is important for expats considering retirement in San Miguel de Allende to be aware that the city has a rich cultural heritage and is known for its well-preserved colonial architecture. Expats should also research the necessary visa requirements, as certain types of visas may be required to live and work in Mexico. It is also important to note the cost of living and housing expenses, which are more expensive than other parts of Mexico. Additionally, expats should research the availability of health care services and insurance as they may not be familiar with the Mexican system and its coverage. Lastly, expats should consider the language barrier and look into local language schools or private tutors so they can easily communicate with their neighbors and the locals.

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Mondly by Pearson

Fun, easy and effective language courses designed by language experts. Learn 41 languages from your native language. Anytime, anywhere, on any device. 50 topics to prepare you for the most common situations. 36 vocabulary builders to install words fast. 41 real conversations to give you fluency.
Learn More