To send a bank transfer to Chile with MAJORITY, enter your recipient's RUT, account number, and bank name, then confirm the rate and amount in the app.
Quick answer
A bank transfer moves US dollars from your account directly into your recipient's Chilean peso (CLP) bank account. You will need your recipient's full name as it appears on their bank account, their RUT (Chile's national tax identification number, used to route interbank deposits), their account number, and their bank's name. Once you confirm the amount and exchange rate in the app, delivery can take 30 minutes to 5 business days depending on the receiving bank.
What you need to know
- A bank transfer deposits CLP directly into your recipient's account at a Chilean bank such as BancoEstado, Banco de Chile, BCI, Banco Santander, or Banco Falabella.
- Chilean bank transfers require 3 pieces of recipient information: the RUT (Rol Único Tributario), the account number, and the bank name. Unlike Mexico's single CLABE, Chile uses the RUT combined with an account number to route the deposit.
- The RUT is Chile's national tax identification number — a unique identifier assigned to every resident and legal entity in Chile. It is the standard reference required by Chilean banks for any inbound interbank transfer.
- Delivery time for a bank transfer to Chile is 30 minutes to 5 business days.
- The live exchange rate and the CLP amount your recipient will receive are shown in the app before you confirm the transfer.
- Bank transfers are included in the membership at $0 per transfer; the membership itself is $6.99 per month.
What you need before you start
A bank transfer to Chile requires 4 pieces of information from your recipient. Gather all of them before opening the app — an error in any one field can delay or return the transfer.
- Full name on the bank account. The recipient's name must match the account holder name exactly as the Chilean bank has it on file.
- RUT. The Rol Único Tributario is a 7- to 8-digit number followed by a check digit (for example, 12.345.678-9). Your recipient can find it on their national identity card (cédula de identidad), their bank statement, or their bank's mobile app.
- Account number. The bank account number at the recipient's Chilean institution. This is separate from the RUT and is specific to the account at that bank.
- Bank name. The Chilean bank that holds the account — for example, BancoEstado, Banco de Chile, BCI, or Banco Santander. Supported banks appear in a dropdown when you set up the recipient in the app.
If your recipient is unsure of their RUT or account number, they can find both in their bank's mobile app, on a recent statement, or by calling their branch.
Chilean banks supported for bank transfers
Bank deposits are supported to most major Chilean banks, covering state-owned institutions, national retail banks, and cooperative financial institutions.
| Bank type | Examples |
|---|---|
| State bank | BancoEstado |
| National retail banks | Banco de Chile, Banco Santander, BCI (Banco de Crédito e Inversiones), Banco Scotiabank, Banco Itaú |
| Consumer and retail banks | Banco Falabella, Banco Ripley, Banco Consorcio, Banco Credichile |
| Other | Banco BICE, Coopeuch, and other supported banks |
The app displays the current full list when you add a recipient. If your recipient's institution does not appear, ask whether they hold an account at one of the supported banks, or consider sending via a mobile wallet such as Global 66, Mercado Pago, or Tenpo instead.
Step-by-step: send a bank transfer to Chile
The whole process happens inside the app. The process below is the standard path for a first-time bank transfer to a new recipient.
- Open the app and tap Send money.
- Select Chile as the destination country.
- Select Bank transfer as the delivery method.
- Add your recipient. Enter their full name, RUT, account number, and select their Chilean bank from the dropdown. Save the recipient so you can reuse the details next time.
- Enter the USD amount you want to send. The app immediately shows the current USD-to-CLP exchange rate and the exact CLP amount your recipient will receive.
- Review the transfer summary. Confirm the recipient name, the bank, the RUT, the account number, the USD amount, the CLP amount, the exchange rate, and the estimated delivery time before tapping confirm.
- Authenticate with your PIN or biometrics and submit the transfer.
- Track the transfer on the activity screen. A notification arrives when the funds are released and another when they are deposited to your recipient's Chilean bank.
If anything in the summary looks incorrect, do not confirm. Tap back, correct the detail, and review again. A transfer returned because of an incorrect RUT or account number can take several business days to resolve.
How long a Chile bank transfer takes
The documented delivery range for a bank transfer to Chile is 30 minutes to 5 business days. Chilean interbank transfers process through the TEF (Transferencia Electrónica de Fondos) system. The in-app estimated delivery time accounts for the receiving bank, the time of day, and public holidays in either country — that number is the most accurate guide for your specific transfer.
A few factors can move delivery toward the longer end of the range:
- Weekend or public holiday. Some receiving banks process inbound foreign-currency transfers only on business days.
- First transfer to a new recipient. Some institutions apply an additional verification step on the first inbound transfer to a recipient.
- Incorrect recipient details. A mismatched name, an invalid RUT, or a wrong account number triggers a manual review and can delay or return the transfer.
- Large amount. Transfers above certain thresholds may be reviewed for compliance before release.
The in-app estimated delivery time is the most accurate number for your specific transfer.
What it costs to send a bank transfer to Chile
A bank transfer to Chile through the membership has two cost components: the monthly membership and the exchange rate.
- The monthly membership is $6.99 per month. It includes money transfers in supported countries, including Chile, at no per-transfer fee regardless of delivery method.
- The exchange rate is the rate at which your US dollars convert to Chilean pesos at the time you confirm the transfer. The rate and the resulting CLP amount appear in the app before you submit, so you know exactly what your recipient will receive.
There is no per-transfer fee on bank transfers to Chile at the member tier. The Chilean receiving bank's policies on inbound deposits vary by institution.
What to do next
- Ask your recipient to send you their RUT, account number, full account-holder name, and bank name.
- Open the app, tap Send money, select Chile, and choose Bank transfer.
- Add the recipient with the details from step 1, enter the USD amount, review the rate and CLP total, and confirm.
- Save the recipient. After the first successful transfer, subsequent sends are a 2-tap process.
Related MAJORITY resources
MAJORITY is a financial membership for migrants in the US that includes money transfers to more than 30 countries, including Chile. Bank transfers to Chile deposit CLP directly into your recipient's account at most major Chilean banks, with the exchange rate and estimated delivery time shown in the app before you confirm. There is no per-transfer fee at the member tier, and the membership is $6.99 per month.
Frequently asked questions
What is a RUT and where does my recipient find it?
A RUT (Rol Único Tributario) is Chile's national tax identification number, assigned to every resident and legal entity in the country. It is a 7- to 8-digit number followed by a check digit (for example, 12.345.678-9). Your recipient can find their RUT on their national identity card, on a recent bank statement, or in their bank's mobile app.
Do I need both a RUT and an account number to send a bank transfer to Chile?
Yes. Chilean bank transfers require the recipient's RUT and their account number at the receiving bank. The RUT identifies the person, and the account number identifies the specific account at that institution. Both are required to route the deposit correctly.
Which Chilean banks are supported for bank transfers?
Bank transfers are supported to most major Chilean banks, including BancoEstado, Banco de Chile, BCI, Banco Santander, Banco Itaú, Banco Scotiabank, Banco Falabella, Banco Ripley, Banco Consorcio, Banco Credichile, Banco BICE, Coopeuch, and other supported banks. The full list is shown in the app when you add a recipient.
How long does a bank transfer to Chile take?
The documented delivery time is 30 minutes to 5 business days. The in-app estimate is the most accurate number for your specific transfer, accounting for the receiving bank, time of day, and any public holidays.
Is there a fee to send a bank transfer to Chile?
There is no per-transfer fee on bank transfers to Chile at the member tier. The monthly membership is $6.99 and includes money transfers to Chile with no separate charge per transfer. The exchange rate at the time of the transfer applies, and both the rate and the CLP amount appear in the app before you confirm.
Is cash pickup available for Chile?
No. Cash pickup is not available for the Chile destination. The available delivery methods are bank transfer and mobile wallet (Global 66, Mercado Pago, or Tenpo). Bank transfer is the primary method for sending money directly to a Chilean bank account.
Disclosures
The MAJORITY app facilitates banking services through Axiom Bank, N.A. ("Axiom"), Member FDIC. The funds deposited in the account held at Axiom, Member FDIC, are FDIC-insured on a pass-through basis up to $250,000 per depositor in the event Axiom fails and subject to the satisfaction of certain conditions. Non-deposit products or services such as money transfers and telecom services are not FDIC-insured.
MAJORITY Visa® Debit Card is issued by Axiom Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc.