Where should I setup a bank account in Faro?

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

"Expats considering retirement in Faro should be aware of several key factors. Firstly, the cost of living in Faro is relatively low compared to other European cities, making it an attractive option for retirees. However, it's important to have a clear understanding of your financial situation and budget before making the move. The official language in Faro is Portuguese, so learning the basics of the language will be beneficial, although English is widely spoken in tourist areas and by younger generations. The healthcare system in Portugal is of a high standard, with both public and private options available. Expats are eligible for public healthcare if they are residents and contribute to social security. The climate in Faro is Mediterranean, with hot summers and mild winters, which can be a significant draw for those from colder climates. The city is also known for its safety, with low crime rates compared to other European cities. Faro is rich in culture and history, with many museums, historical sites, and festivals throughout the year. The food and wine are also highlights, with a focus on fresh seafood and local produce. The process of buying property in Portugal is straightforward, but it's recommended to hire a lawyer to help navigate the legalities. It's also important to note that while Portugal has a relatively low cost of living, taxes can be high, especially for property owners. Finally, Portugal has a Golden Visa program that allows non-EU citizens to gain residency by investing in the country, which can be an attractive option for retirees. However, this program is subject to change and it's important to stay updated on the latest regulations," explained one expat living in Faro, Portugal.

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Where should I setup a bank account in Faro?

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