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Where should I setup a bank account in Cotacachi?

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

"Cotacachi is a popular destination for expats due to its low cost of living, beautiful scenery, and welcoming community. Before retiring there, it's important to understand a few key things. Firstly, the official language is Spanish, so learning the language or at least basic phrases will be beneficial. However, due to the large expat community, English is also widely spoken. The cost of living is significantly lower than in many Western countries, but it's important to understand that this comes with a different standard of living. For example, while healthcare is affordable and generally good, it may not be up to the standards you're used to. The climate in Cotacachi is mild and spring-like year-round, which can be a big draw for those tired of harsh winters. However, it's also at a high altitude, which can take some getting used to and may not be suitable for those with certain health conditions. The culture in Ecuador is very different from that in Western countries, with a slower pace of life and a strong emphasis on family and community. It's important to be respectful of local customs and traditions. While crime rates are generally low in Cotacachi, petty crime such as pickpocketing can be an issue, so it's important to take precautions. Finally, while it's possible to live in Cotacachi without a car due to the walkability of the town and availability of public transportation, having your own vehicle can make it easier to explore the surrounding areas," mentioned another expat when asked about moving to Cotacachi, Ecuador.

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Where should I setup a bank account in Cotacachi?

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


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Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
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