Where should I setup a bank account in Durban?
We asked expats in Durban what banks they use and there advice about banking. They advised...
"Expats considering retirement in Durban, should be aware of several key factors. Firstly, it's important to understand the cost of living, which is generally lower than in many Western countries, but can vary depending on lifestyle and location. Healthcare is another crucial consideration. While South Africa has both public and private healthcare sectors, the private sector is generally of a higher standard, so expats often opt for private health insurance. Safety is a concern in some parts of South Africa, and while Durban is generally safer than cities like Johannesburg, it's still important to be cautious, particularly at night. The climate in Durban is subtropical, with hot, humid summers and mild, dry winters. This can be a draw for some retirees, but others may find the heat uncomfortable. Understanding the local culture and customs is also important. South Africa is a diverse country with 11 official languages, although English is widely spoken in Durban. Finally, it's important to understand the visa and residency requirements. South Africa offers several types of visas, including a retired person's visa, but the process can be complex and time-consuming. It's recommended to seek advice from an immigration expert or lawyer. In terms of housing, there are various options available from renting to buying property. However, property ownership comes with certain restrictions for foreigners. Lastly, while Durban offers a range of leisure activities, from beaches to game reserves, it's worth noting that public transport is not always reliable, so having your own vehicle can be beneficial," commented one expat who made the move to Durban, South Africa.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What do I need to know before retiring in Durban?
- What do I need to know before moving to Durban?
- How do I find a place to live in Durban?
- What is a typical expat home or apartment like in Durban?
- What is the average cost of housing in Durban?
- How do I meet people in Durban?
- What should I pack when moving to Durban?
- Where should I setup a bank account in Durban?
- Will I be able to find a job in Durban?
- What is life like in Durban?
- What do people like (and dislike) about Durban?
- What type of social life can someone expect in Durban?
- What is the social scene like in Durban?
- What advice to expats in Durban have about housing?
- What are medical services in Durban like?
- Are healthcare and health insurance expensive in Durban?
- Is the cost of living in Durban high?
- What are the visa & residency requirements in Durban?
- Why do people move to Durban?
Where should I setup a bank account in Durban?
If you live in Durban, newcomers to Durban would love to hear your answer to this question.
