Where should I setup a bank account in Mykonos?

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

"Before retiring in Mykonos, expats should know that the cost of living can be quite high, especially during the peak tourist season. The island is known for its luxury lifestyle, which can significantly impact your budget. Expats should also be aware that Mykonos has a seasonal economy, with many businesses closing during the off-peak winter months. This can limit the availability of certain services and amenities. Understanding the Greek language can be beneficial, although English is widely spoken in tourist areas. However, for day-to-day living and integrating with the local community, knowledge of Greek can be helpful. Healthcare in Greece is generally of a good standard, but it's important to secure comprehensive health insurance. While EU citizens can access Greek healthcare, non-EU citizens will need private health insurance. Expats should also be prepared for the Greek bureaucracy, which can be complex and time-consuming. Whether it's dealing with property transactions, tax matters, or residency permits, patience and persistence are often required. The island's infrastructure can be challenging, with limited public transportation and road networks. Having a car can be beneficial, but be prepared for narrow roads and limited parking. Mykonos has a vibrant nightlife and is a popular tourist destination, which can make it crowded and noisy, particularly during the summer. If you're looking for a quiet retirement, you may want to consider living in a more remote part of the island. Lastly, it's important to understand the Greek culture and way of life. Greeks are known for their hospitality and love of socializing, and integrating into the local community can greatly enhance your retirement experience," said a member in Mykonos, Greece.

SJB Global
Connect

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.

Click connect to have our partner contact you via e-mail and/or phone.

SJB Global

Click connect to have our partner contact you via e-mail and/or phone.