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Where should I setup a bank account in Visegrad?

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We asked expats in Visegrad what banks they use and there advice about banking. They advised...

"Expats considering retirement in Visegrad, should be aware of several key factors. Firstly, the cost of living in Hungary is generally lower than in Western Europe, but it can vary depending on lifestyle and location. Visegrad, being a popular tourist destination, might be slightly more expensive than other smaller towns. Understanding the local language, Hungarian, can be challenging as it is unique and not similar to any other languages, but English is widely spoken in tourist areas and by younger generations. Healthcare in Hungary is of a high standard, with both public and private options available. However, it's important to secure a comprehensive health insurance plan, as public healthcare might not cover all medical needs for expats. Hungary has a continental climate with cold winters and warm summers, which could be a significant change for those from milder climates. The country is landlocked, so those who enjoy beach or sea might miss this aspect. However, Hungary is famous for its thermal baths and has many beautiful lakes and rivers. Hungary's tax system can be complex, so it's advisable to seek professional advice to understand potential tax liabilities. The process of obtaining residency in Hungary can be bureaucratic and time-consuming, so it's recommended to start this process well in advance of the planned move. Hungary is part of the Schengen Area, which allows for free movement between member countries, making travel throughout Europe relatively easy. Hungary has a rich history and culture, with many festivals, traditions, and culinary delights to enjoy. However, it's important to respect local customs and traditions. Finally, while Hungary is generally safe, like any other place, it's important to take standard precautions to protect personal safety and belongings," remarked another expat in Visegrad, Hungary.

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Where should I setup a bank account in Visegrad?

If you live in Visegrad, newcomers to Visegrad would love to hear your answer to this question.


William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
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William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
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