Unicorn Currencies
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🇨🇱 Pay Suppliers in Chile

Pay Chilean suppliers for copper, wine, fruit, salmon, lithium
T+0 (2.3s avg within Unicorn network). Save 81% vs traditional banks.

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Current Rate Loading...
81%
Savings vs Banks
2.3s
Average Settlement Time
Required Details
RUT + Bank Code + Account
RUT (tax ID), bank code, and account number

What you need to send money to Chile

What details do I need to pay suppliers in Chile?

To pay suppliers in Chile you need the recipient's RUT + Bank Code + Account (RUT (tax ID), bank code, and account number), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.

How fast are payments to Chile?

Payments to Chile settle in an average of 2.3 seconds when using local rails such as TEF (Transferencia Electrónica de Fondos), compared to 2–3 days via traditional SWIFT.

How much does it cost to send money to Chile?

Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 81% versus banks (e.g. £505 vs £2725 on a £100k transaction).

Cost Comparison: Banks vs Unicorn Currencies

See how much you save on £100,000 payment to Chile

Cost ItemTraditional BanksUnicorn Currencies
FX Spread2.7%0.5%
Payment Fee£25£5
Total Cost (£100,000)£2,725£505
YOUR SAVINGSN/A£2,220 (81%)
Settlement Time2-3 days (SWIFT)T+0 (2.3s avg within Unicorn network)

Local Payment Rails in Chile

Avoid expensive SWIFT fees. We use local payment systems in Chile for faster, cheaper settlement.

TEF (Transferencia Electrónica de Fondos)

Same-day

Chilean electronic funds transfer system

LBTR (Sistema de Liquidación Bruta en Tiempo Real)

Real-time

Central Bank of Chile RTGS

Khipu

Real-time

Chilean instant bank transfer platform

Who Uses This Payment Corridor

Key Industries in Chile

  • Mining
  • Agriculture
  • Wine
  • Salmon
  • Lithium

Average Transaction: £65k-£320k
Typical Monthly Volume: £400k-£4M

Popular Supplier Types

  • Copper mines (Atacama region)
  • Wine exporters (Central Valley, Colchagua)
  • Fruit growers (Central Valley)
  • Salmon farms (Los Lagos region)

What You Need to Know: Chile Payments

Regulatory Considerations

  • Banco Central de Chile regulations
  • Servicio Nacional de Aduanas documentation
  • IVA (VAT 19%) on goods and services
  • Chilean Copper Commission oversight

Payment Tips for Chile

  • 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

Why Choose Unicorn for Chile Payments

Local Rails, Not SWIFT

We use TEF (Transferencia Electrónica de Fondos) and other local systems in Chile. Avoid 3-4% SWIFT fees and 2-3 day delays.

81% Lower Costs

Save £2,220 on every £100,000 payment. On £400k-£4M monthly volume, save up to £66,600 annually.

Bank of Canada Supervised

Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Chile payments.

Real-Time FX Tracking

Upload supplier invoices in CLP. See live P/L as GBP/CLP rates move. Lock rates for 15 seconds before committing.

Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

£1,000,000+ Paying Suppliers in Chile? Save 81%

Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Chile

View Enterprise FeaturesRequest Demo

For businesses with high annual FX volume. Not consumer transfers.