Where should I setup a bank account in Stuttgart?
We asked expats in Stuttgart what banks they use and there advice about banking. They advised...
"Expats planning to retire in Stuttgart, should be aware that they will need to apply for a residence permit if they plan to stay for more than three months. They should also know that Germany has a high standard of living, but the cost of living in Stuttgart can be quite high compared to other German cities. Healthcare in Germany is of a high standard, but expats should ensure they have adequate health insurance coverage. It's important to note that Germany has a mandatory health insurance policy, so expats will need to either join the statutory health insurance (Gesetzliche Krankenversicherung - GKV) or private health insurance (Private Krankenversicherung - PKV). Expats should also be aware that while many Germans speak English, it will be beneficial to learn German to help with day-to-day life and integration into the community. Stuttgart is known for its high-quality education system, so if expats are considering retiring with children, they can be assured of good schooling options. The city has a well-developed public transportation system, so owning a car is not necessary for getting around. Stuttgart is located in a wine-growing region and is known for its cultural events and festivals, providing plenty of leisure activities for retirees. Germany has a high tax rate, so it's advisable for expats to seek advice on tax planning. Finally, expats should be aware that Stuttgart has a temperate seasonal climate, with moderate to heavy rainfall throughout the year," explained one expat living in Stuttgart, Germany.
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Where should I setup a bank account in Stuttgart?
If you live in Stuttgart, newcomers to Stuttgart would love to hear your answer to this question.
