Where should I setup a bank account in El Tunco?
We asked expats in El Tunco what banks they use and there advice about banking. They advised...
"El Tunco is a popular destination for expats, particularly those looking to retire in a tropical paradise. Before making the move, there are several things you should know. Firstly, the cost of living in El Tunco is relatively low compared to many Western countries, making it an attractive option for retirees. However, it's important to have a clear understanding of your financial situation and budget before moving. Secondly, El Tunco is known for its surfing and beach lifestyle. If you're not a fan of this type of environment, it may not be the right place for you. Thirdly, while Spanish is the official language of El Salvador, English is widely spoken in El Tunco due to its popularity with tourists. However, learning some basic Spanish phrases can be beneficial. Fourthly, healthcare in El Salvador is generally of a good standard, but it's recommended to have comprehensive health insurance. It's also worth noting that some specific treatments or medications may not be available, so it's important to do your research. Fifthly, safety can be a concern in certain parts of El Salvador, but El Tunco is generally considered safe for expats. Nevertheless, it's always important to stay vigilant and take common-sense precautions. Lastly, the process of obtaining residency in El Salvador can be complex and time-consuming. It's recommended to seek legal advice to ensure you understand the requirements and process. In conclusion, retiring in El Tunco, El Salvador can offer a relaxed, beach lifestyle with a low cost of living. However, it's important to thoroughly research and consider all aspects before making the move," wrote a member who made the move to El Tunco, El Salvador.

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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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Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
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- As a foreigner living in El Tunco, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Where should I setup a bank account in El Tunco?
If you live in El Tunco, newcomers to El Tunco would love to hear your answer to this question.