Send Money To Chile

Currency Symbol and Swift Codes

What currency does Chile use? The Chilean peso (CLP) is the official currency of Chile, having been in circulation since 1975. One peso is divided into 100 centavos, although centavo-denominated coins are no longer in use.

When sending money to a bank account in Chile, you will need the bank’s SWIFT code. Given below are SWIFT codes of some prominent banks in the country.

Case Study

Benjamin led a fairly comfortable life in Chile with his wife and young son. At one point, he was required to travel to the U.S. on a long-term work assignment. He was sure he wanted to come back as soon as he could, so his wife and son continued living in Chile. Once he got to the U.S., he had to start sending them money every month. While he could use the services of a bank, he decided to compare his options. This is what he found.

Turning to the overseas money transfer company worked better than the bank because it resulted in Benjamin’s wife getting extra money each month. The company was quicker to process the transfer and it also let Benjamin schedule subsequent transfers in advance.

Cash Pickup Locations in Chile

If you want to transfer money to Chile in a hurry, consider turning to overseas money transfer companies such as MoneyGram, WorldRemit, Western Union, or Ria, because they have extensive agent networks in the country. Given below are addresses of some cash pickup locations in Chile.

Safety Tips for Picking Up Cash in Chile

Muggings and pickpocketing take place commonly in and around most cities in Brazil, especially around tourist destinations, places frequented by foreigners, and bus stations. If you visit a café or a restaurant, keep your belongings carefully.

Keep your valuables with you when travelling on buses and do not put them in storage compartments. Refrain from walking alone after dark. If you plan to use a taxi at night, try to book one ahead of time instead of hailing one off the street. Instances of drinks being spiked have been reported from some areas in Santiago.

What Information Do I Need to Transfer Money to Chile?

The information you need when sending money to Chile depends on the transfer method you select.

• Transfer to a bank account. You will need the recipient’s complete name and account number as well as the receiving bank’s name and SWIFT code.
• Transfer to physical location. You will need to provide the recipient’s complete name as well as the location of a desired cash pickup center. The recipient will need to provide an acceptable form of ID along with a reference number to collect the transferred money.

Regulations When Transferring Money To and From Chile

The Central Bank of Chile regulates and inflow and outflow of money to and from the country. However, there are no restrictions on how much money to may send to or transfer from the country. If you plan to leave the country with U.S. $10,000 or more, you are required to declare it to the country’s customs authorities.