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?
Currency can be exchanged at banks, money exchange houses and main hotels.
What are commonly-used forms of payment for everyday purchases (such as groceries)?
Cash and debit cards are most commonly used as forms of payments for everyday 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 and American Express are widely accepted. 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 seven to 15 days.
Will foreign residents be able to find banking services in their native languages?
Knowledge of foreign languages is not a primary requirement in the Chilean service sector. Therefore, we suggest that you acquire a basic level of Spanish to communicate.
Are there any restrictions on services for those who are new to your country?
A Chilean work visa is needed to get a loan from a bank or to purchase a car.
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 ATMs available around the city and they are typically accessible 24 hours a day. The most popular locations are in banks and shopping malls.
Is there any other money information that might help me?
Not at this time.
Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.