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Find the best providers to send money to Chile

How to send money to Chile

Learn how to make a money transfer to Chile with the best CLP exchange rate in 4 easy steps

1. Check the CLP mid-market exchange rate against your own currency

Sending money on a favorable day gives your more CLP for your money. Track the evolution of the Chilean peso mid-market and validate your transfer when the exchange rate reaches your target level.

2. Compare 10 money transfer providers available for transfers to Chile in order to select the best one.

Monito lists quite a few companies to transfer money to Chile, such as TransferWise, Western Union, MoneyGram, Xendpay, InstaReM. Selecting the right money transfer provider from the available options is a sure way to save on fees and exchange rate.

3. Pick the best provider based on your criteria

Which criteria is the most important for you? The total cost, time for the money to arrive, number of customer ratings? Examine the pros and cons of the different options before deciding which provider to use.

You may also want to pay attention to the options to pay for the transfer and receive the money. Most of the time you'll find providers allowing you to send the money from your bank account, others will also allow you to pay with your cards. On the recipient's side in Chile, choose if you need the money to be sent directly to the recipient's bank account or received in cash (from an agent location).

4. Sign up and start your transaction with the company you selected

It is now time to complete the sign-up form on the provider's homepage (you usually have to provide information to confirm your identity), and get started with your transfer to Chile.

Whether you need to transfer money to Chile for business purposes or to send money to your friends in Santiago or your family in Concepción, Temuco or Antofagasta, it’s important to compare your options before your transfer.

When sending money to Chile from abroad, you will pay transfer fees that are usually displayed in advance, but you will also lose money in the currency conversion to convert your US Dollars (USD), Euros (EUR), Canadian Dollars (CAD), Australian Dollars (AUD), Swiss Francs (CHF) or any other currency into Chilean Pesos (CLP).

To find the cheapest solution for your transfer, you can use our live comparison engine with the form above or read more about the best providers to send money to Chile in the list below.

Best rated providers to send money to Chile

Which provider should you use for transferring money to Chile?

It’s true that there isn’t as many options to send money to Chile as for other countries, but there are still plenty of alternatives to an expensive bank transfer (banks take a big margin when converting your money into CLP).

For transfer up to a few million Chilean Pesos, online providers such as TransferWise, Transfast or Xendpay will offer you a convenient way to transfer money to a bank account in Chile. Be careful that some of these providers may have monthly limits for transfers to Chile. If you need the money to be available in cash, you can use WorldRemit or Xoom (if you send money from the US) to send money to any branches of Interservice.

If you need to transfer a larger amount to Chile, you will get an even better exchange rate by getting quotes from foreign exchange companies like Global Reach Partners, Frontierpay or Covercy.

Save money on all occasions when sending money to Chile

Send money to your friends and family

Transfers to your own savings accounts

Buy a house or a property in Chile

What information do you need to send money to a bank account in Chile

RUT number (ex. 76589875)
The RUT number (Rol Único Tributario) is a 11-digit code that everyone established in Chile receive 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 (ex. 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.

To identify the bank of the beneficiary in Chile, you’ll sometimes need the SWIFT (also named BIC) code. This is a 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's 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).

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