🇬🇧→🇨🇱
Send Money from United Kingdom to Chile
Businesses in United Kingdom paying Chile suppliers for Mining. Send GBP from United Kingdom, receive CLP in Chile with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local CLP delivery = no correspondent bank fees
Save £2,220 per £100k Payment
United Kingdom to Chile corridor savings
Traditional Bank
£2,725
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local GBP collection
- ✓ Transparent 0.5% spread
- ✓ TEF (Transferencia Electrónica de Fondos)
Your Savings
81%
£2,220 per £100k
At £300k-£3M monthly, save £5,556/year
Sending from United Kingdom: What You Need to Know
GBP Origin Specifics
- GBP free-floating currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
Paying Suppliers in Chile: Compliance & Requirements
Regulatory Considerations
- Banco Central de Chile regulations
- Servicio Nacional de Aduanas documentation
- IVA (VAT 19%) on goods and services
- Chilean Copper Commission oversight
Payment Best Practices
- Chile = Copper leader (30% global supply), lithium exporter
- TEF standard for CLP payments
- Santiago = Main business hub
- Commodity-driven economy - pricing tied to metal/agricultural markets
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via TEF (Transferencia Electrónica de Fondos)
United Kingdom → Chile Corridor Insights
Popular Industries
- Mining
- Agriculture
- Wine
Peak Trading Hours
GMT to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send GBP from United Kingdom to Chile?
Save 81% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB