Chile
Learn more about currency, payment methods, processing times, and other essential details for operating in Chile with Localpayment. This guide provides a comprehensive overview of everything you need to know to integrate and optimize your payment processing in this market.
Country Overview
Essential information about Chile:
| Country Code (2 digits) | Country Code (3 digits) | Currency Code | Number of decimals |
|---|---|---|---|
| CL | CHL | CLP | 0 |
Banking Transaction Limits and Rules
The following table outlines the key limits for domestic bank transfers. Please note that these limits are defined by the banks and are subject to change.
| Bank | Account / Auth. Type | Minimum Amount | First Transfer to a New Recipient | Maximum for Subsequent Transfers |
|---|---|---|---|---|
| BANCO ESTADO | Cuenta Rut | $1 | $100,000 | $1,000,000 |
| BANCO ESTADO | Cuenta Corriente / Chequera Electrónica | $1 | $250,000 | $5,000,000 |
| BANCO DE CHILE | DigiPass / Mi Pass | $1 | $350,000 | $5,000,000 daily |
| BANCO DE CHILE | DigiCard (deprecated) | $1 | $350,000 | $2,000,000 daily |
| BCI | BciPass | $1 | $600,000 | $7,000,000 |
| BCI | MultiPass (deprecated) | $1 | $250,000 | $5,000,000 |
| SANTANDER | - | $1,000 | $250,000 | $5,000,000 |
| ITAÚ | - | $1 | $300,000 | $7,000,000 |
| SCOTIABANK | - | $1 | $300,000 | $5,000,000 |
| FALABELLA | Transfer to Banco Estado contact | $1 | $200,000 | $7,000,000 (checking) / $2,000,000 (savings) |
| MACH | - | $2,000 | $150,000 | - |
| TENPO | - | $3,000 | - | - |
Important Security Rule for Chile:
For security reasons, most Chilean banks enforce a 24-hour waiting period after the first successful transfer to a new recipient. A second transfer to the same recipient can only be initiated after this period has elapsed. Subsequent transfers do not have this waiting time
Deprecated Authentication Methods:
Note that methods like DigiCard (Banco de Chile) and MultiPass (BCI) are being phased out by the banks. Most customers now use DigiPass/Mi Pass or BciPass. Always guide your payers to use their bank's primary, up-to-date authentication app.
Payins
Accept payments from your customers through these available channels:
Generate unique account numbers to receive and track customer payments.
Let customers pay directly from their bank app using instant transfers, QR codes, and other popular local methods.
Important
All processing times for payins are expressed in GMT. Please consider this time zone when reviewing processing availability and cutoff times.
Virtual Accounts
| Payment Method Name | Payment Method Code | Flow | Currency | Min Amount (ARS) | Max Amount (ARS) | Payment Confirmation | Category | Working Hours (GMT) | Execution Notification | Logo URL |
|---|---|---|---|---|---|---|---|---|---|---|
| TEF-In | 2550 | DIRECT | CLP | 1.00 | 100,000,000.00 | Synchronous | Push | 24 h | Real Time | https://cdn.localpayment.com/logos/LOGO_TEF_IN_CHILE.PNG |
APMs
| Payment Method Name | Payment Method Code | Flow | Currency | Min Amount (ARS) | Max Amount (ARS) | Payment Confirmation | Category | Working Hours (GMT) | Execution Notification | Logo URL |
|---|---|---|---|---|---|---|---|---|---|---|
| Etpay | 2528 | DIRECT | CLP | 1.00 | 7,000,000.00 | Synchronous | Push | 24 h | Real Time | https://cdn.localpayment.com/logos/etpay.svg |
Payouts
Send funds efficiently to your recipients:
Send money to any bank account through the interbanking system.
Transfer funds directly to digital wallets.
Bank Transfer Payouts
| Code | Payment Type | Network Name | Currency | Settlement Time | Cut-off Time (Local) | Cut-off Time (GMT) | Minimum Amount | Maximum Amount |
|---|---|---|---|---|---|---|---|---|
| 0050 | Bank Transfer | TEF | CLP | Real Time | N/A — 24/7, availability includes weekends & public holidays. | N/A — 24/7, availability includes weekends & public holidays. | CLP 1.00 | CLP 7,000,000.00 |
| 0050 | Bank Transfer | TEF (High-Value) | CLP | 1 Hour | 03:30 p.m. — Transfers made on weekends/public holidays settle on the next business day. | 07:30 p.m. — Transfers made on weekends/public holidays settle on the next business day. | CLP 7,000,001 | No maximum limit. |
Wallet Payouts
Chile Wallet Payouts
In Chile, the wallet payout infrastructure is built on bank transfer rails. Initiating a payout sends a bank transfer, which is automatically settled into the recipient's designated digital wallet.
Bank Account Information
Account Type Reference
The following account types are supported:
| Code | Account Type | Description |
|---|---|---|
C | Checking Account | Standard transactional account for daily banking operations. |
S | Saving Account | Interest-bearing savings account for funds accumulation. |
V | Vista Account | Specialized account type for specific banking products. |
R | RUT Account | Account type for taxpayer identification or government-related accounts. |
Bank Codes
Important
Some institutions marked as "NOT CONNECTED" don't participate in the SWIFT network but can still receive local transfers.
| Code | Type | Name | Swift | Account Type | Checking Regex | Saving Regex |
|---|---|---|---|---|---|---|
| 001 | Bank | BANCO DE CHILE | BCHICLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 009 | Bank | BANCO INTERNACIONAL | BICHCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 012 | Bank | BANCO DEL ESTADO DE CHILE | BECHCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 014 | Bank | SCOTIABANK CHILE | BKSACLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 016 | Bank | BANCO DE CRÉDITO E INVERSIONES (BCI) | CREDCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 028 | Bank | BANCO BICE | BICECLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 031 | Bank | HSBC BANK CHILE | BLICCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 037 | Bank | BANCO SANTANDER CHILE | BSCHCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 039 | Bank | ITAÚ CORPBANCA | ITAUCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 041 | Bank | JP MORGAN CHASE BANK | CHASCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 049 | Bank | BANCO SECURITY | BSCLCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 051 | Bank | BANCO FALABELLA | FALACLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 053 | Bank | BANCO RIPLEY | RPLYCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 054 | Bank | RABOBANK CHILE | RABOCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 055 | Bank | BANCO CONSORCIO | MNEXCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 062 | Bank | TANNER BANCO DIGITAL | FTLNCLRM | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 672 | Wallet | COOPPEUCH (TARJETA DALE COOPEUCH) | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 697 | Wallet | PREPAGA LA POLAR | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 699 | Wallet | TRICARD S.A. | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 729 | Wallet | SOCIEDAD EMISORA DE TARJETAS LOS HÉROES S.A. | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 730 | Wallet | TENPO PAYMENTS S.A. (TENPO PREPAGO) | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 732 | Wallet | LOS ANDES TARJETAS DE PREPAGO S.A. (TAPP) | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 738 | Wallet | GLOBAL CARD S.A. (GLOBAL 66) | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 741 | Wallet | COMPAÑÍA EMISORA DE MEDIOS DE PAGO DIGITALES S.A. (COPEC PAY) | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 743 | Wallet | PREX CHILE S.A | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 744 | Wallet | SUMUP CHILE PAYMENTS S.A. | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 746 | Wallet | FINTUAL / FINTUAL PREPAGO | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
| 875 | Wallet | MERCADO PAGO EMISORA S.A. (MERCADO PAGO) | NOT CONNECTED | C, S, V, R | /^[0-9]{6,16}$/ | /^[0-9]{6,16}$/ |
Supported Document Types
Required documents for customer verification:
| Document Type | Full Name | Entity Type | Regex |
|---|---|---|---|
| RUT | Registro único tributario | Companies & Individuals | /^[0-9]{1,2}[.]?[0-9]{3}[.]?[0-9]{3}-?[0-9Kk]$ |
National Holidays
| Holiday | Date |
|---|---|
| New Year's Day | January 1 |
| Good Friday | April 3 |
| Holy Saturday | April 4 |
| Labour Day | May 1 |
| Navy Day | May 21 |
| National Day of Indigenous Peoples | June 20 |
| Saint Peter and Saint Paul | June 29 |
| Our Lady of Mount Carmel | July 16 |
| Assumption of the Virgin | August 15 |
| Independence Day | September 18 |
| Army Day | September 19 |
| Columbus Day | October 12 |
| Reformation Day | October 31 |
| All Saints' Day | November 1 |
| Immaculate Conception | December 8 |
| Christmas Day | December 25 |
Updated 13 days ago