| What is the local currency? |
| The official currency of Chile is the Chilean Peso ($ or CLP) and is subdivided in 100 cents |
| |
| What denominations does it come in? |
- Coins: These are in denominations of: 1 peso, 5 pesos, 10 pesos, 50 pesos, 100 pesos, 500 pesos
- Bills: these are in denominations of: $1000, $5000, $10000, $20000
|
| |
| What is the best way to exchange currency? |
| Exchanging currency can be done at banks, money exchange houses and main hotels. |
| |
| What are commonly-used forms of payment for everyday purchases (such as groceries)? |
| Cash or checks are most commonly used as forms of payments for every day purchases. However, it is recommended that you avoid carrying large amounts of cash. |
| |
| Will I be able to use my credit card around town? If not, list when I’ll need cash. |
| Yes, Visa, Mastercard, Diners Club and American Express are widely accepted. Do note for some small purchases, you will need cash. |
| |
| By what method are bills (such as rent and utilities) paid? |
| Most people use banks to pay such bills as rent or utilities, but they can also be paid with direct debit (arranged through your bank). |
| |
| What are the requirements for opening a bank account? At what stage of the settling-in process should I open it? |
In order to open a bank account, you will need the following:
- RUT or tax ID number
- Carnet de Identidad or ID card or passport
- Evidence of solvency in the form of a permanent job contract, salary slips, a job letter or a form indicating net worth
Note: The period of time necessary to establish an account ranges from two to 10 days. |
| |
| Will foreign residents be able to find banking services in their native languages? |
| Yes, there are several multinational banks that offer these services. |
| |
| Are there any restrictions on services for those who are new to your country? |
| No, there are no restrictions on banking services for those who are new to Chile. |
| |
| What are typical banking hours? |
| Banking hours are Monday through Friday from 9 a.m. to 2 p.m. |
| |
| Are automatic teller machines (ATMs) available around the clock? |
| You will find plenty of ATM machines available around the city and they are typically available 24 hours per day. The most popular locations are at banks and shopping centers. |
| |
| Is there any other money information that might help me? |
| Yes, if you plan to go shopping, typical shopping hours are from 10 a.m. to 8 a.m., Monday to Friday and from 10 a.m. to 2 p.m., on Saturdays and shopping centers open Monday to Sunday from 10 a.m. to 9 a.m. |
| |
| Useful Links |
|
|