Where should I setup a bank account in Oaxaca City?

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

"Expats considering retiring in Oaxaca City should be aware of several factors before making the move. Firstly, it is essential to research the cost of living, which is generally lower than in the United States or Europe, but can vary depending on lifestyle choices. Housing options range from affordable apartments to more luxurious homes, and it is crucial to explore the neighborhoods and find a suitable place to live. Healthcare in Oaxaca City is generally of good quality, with both public and private hospitals available. Expats should consider obtaining private health insurance to ensure access to the best facilities and doctors. It is also important to note that some medications may not be available or may be more expensive in Mexico, so it is essential to plan accordingly. The climate in Oaxaca City is mild, with warm temperatures throughout the year and a rainy season from June to September. Expats should be prepared for this weather and consider how it may affect their daily activities and health. Spanish is the primary language spoken in Oaxaca City, so learning the language will be beneficial for daily life and integration into the community. There are many language schools and private tutors available to help with this process. Oaxaca City has a rich cultural heritage, with numerous festivals, markets, and events throughout the year. Expats should take the time to learn about and participate in these traditions to fully appreciate their new home. Safety is a concern for many expats, and while Oaxaca City is generally considered safe, it is essential to take precautions and be aware of your surroundings. Petty crime can occur, so it is crucial to secure your belongings and avoid displaying valuables in public. Transportation options in Oaxaca City include buses, taxis, and private cars. Expats should familiarize themselves with the local transportation system and consider whether they will need a car or can rely on public transit. Finally, it is essential to understand the visa and residency requirements for retiring in Mexico. Expats will need to apply for a temporary or permanent resident visa, which may require proof of income or savings, as well as other documentation. It is crucial to research these requirements and begin the application process well in advance of the planned move," said a member in Oaxaca City, Mexico.

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Where should I setup a bank account in Oaxaca City?

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