Over the past three months, we compared 15 providers for transfers to Chile from a wide range of sending countries and found that on average Remitly was most often the cheapest provider (in 36.6% of the searches).

But Remitly might not be available in the country you're sending money from, and it might not be the cheapest for your transfer to Chile as the provider's pricing change depends from country to country and changes over time. This means it's always best to launch a live comparison to find the cheapest provider for your transfer.

How to Send Money to Chile

Thousands of people like you send money back to Chile every week. With almost a million Chileans living outside Chile, everyone needs an easy and inexpensive way to send pesos back home to benefit family, friends, corporations and others.

Banks in neither your adopted country nor Chile have the best fees or exchange rates for converting money into pesos. That’s why it’s vital to compare all of your options for sending money back to Chile so your pesos can go further. Whether you want to make a one-off currency transfer or you need to send money regularly, we can help you find the best options.

People from Chile send around a billion dollars back home each year, that’s an average of about a thousand dollars each. Our research shows that most people overspend by up to five percent on their transfers, so using a lower-cost provider could save Chileans up to $50 million collectively, or up to $50 individually, every year.

We want to stop you from overpaying, and we make it easy to compare the best-value options for money transfer, or select one of our recommended currency providers.

You can save over 30,000 pesos a year when sending money to family or friends in Chile.

I Want to Transfer Money to Chile, but Which Provider Should I Use?

There are plenty of options for sending money back to Chile. Here on Monito, we cover all the popular specialist money transfer providers and banks for converting your money into pesos and sending it home.

We know there are lots of ways to transfer currency to Chile, which is why we compare all of the most popular options side-by-side so you can make an informed choice. The best money transfer provider for you will depend on several areas like the exchange rate they offer, how much you are sending, where you are sending from, the currency you are exchanging into pesos and some other factors.

We take all of those details into account when recommending the best way to send money to Chile. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to Chile from Argentina or the US.

For most money transfer providers, you can either sign up through their websites or download their apps which will give you fast and easy access from any smart device. We provide a useful “Smart Alerts” service that tells you how currency exchange rates change so you can choose the best time to send pesos back to Chile.

What Information is Needed to Send Money to a Bank Account in Chile?

• RUT number (e.g. 76589875): The RUT number (Rol Único Tributario) is a 11-digit code that everyone established in Chile receives from the Servicio de Registro Civil e identificación. It is also used by the fiscal authorities in Chile. Most money transfer solutions will ask for the RUT number of your recipient.
• Bank name (e.g. Banco Santander): The name of the bank where the recipient has his account. With a lot of providers, you’ll have to select the name of the bank of your recipient in a list. In some other cases, you’ll need the SWIFT/BIC code.
• SWIFT / BIC (e.g. BaBCHICLRMXXX): To identify the bank of the beneficiary in Chile, you’ll sometimes need the SWIFT (also named BIC) code. This is an 11-character code uniquely identifying all banks in Chile.
• Account number (ex. 088301601000143): The account number of your recipient.
• Name of the recipient: The name of the recipient's bank account holder.

Banks in Chile are not part of the IBAN system, but SWIFT/BIC codes are used by all banks. In addition to the SWIFT/BIC code or the bank name, you will need the RUT number, a Chilean code given by Chilean authorities to everyone living in Chile.

In addition to this information, you’ll need the full name of the recipient (the person you’re sending money to).

Major Banks in Chile

• Banco Santander-Chile
• Banco del Estado de Chile
• Banco de Chile
• Banco Bilbao Vizcaya Argentaria Chile S.A.