Use a specialized provider to beat the bank’s rates.
International money transfer services tend to have the most competitive rates — but if it’s an emergency, you’ll need to choose a provider that offers cash pickup.
Why we like: WorldRemit
Send money to 140+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.
Your first transfer is free with the code FINDER.
- Low upfront fees and exchange rates.
- Easy to use with round-the-clock help.
- Get cash to family and friends in minutes.
Compare money transfers to Chile
Use our comparison table to find which provider offers the best deal for your transfer based on fees, exchange rate and speed.
The exchange rates in the table are not locked in. Confirm your final rate on the provider’s site before completing any transaction.
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How to send money to Chile
To initiate a transfer:
- Choose a provider. Factor in transfer times, how your recipient wants the money delivered and exchange rates to find a provider that’s the right fit.
- Create an account. You’ll usually need to provide some form of identification, like your driver’s license or passport, and proof of address.
- Pick your payment method. Depending on your provider, you may be able to use a credit card, debit card, bank transfer or cash deposit.
- Choose your delivery method. This is how the recipient will receive their funds. You can opt to send it directly to their bank account or mobile wallet or you can have your recipient pick it up in cash.
- Enter your transaction details. This can include the transfer amount, both your and your recipient’s personal information, transfer speed and bank account or mobile wallet number, if applicable.
- Review and confirm your transfer. Confirm all the details and make sure everything’s in order, then confirm your transfer to send the money.
- Receive email/SMS confirmation. You’ll receive an email or SMS confirmation letting you know that your funds are on the way.
How to compare money transfer services
When choosing a transfer provider, factor in:
- Exchange rates. Exchange rates generally make up the bulk of the cost, especially for large transfers. The closer a provider’s rate is to the mid-market rate, the better the deal.
- Fees. This refers to the service fees associated with money transfers. Keep in mind that all providers make a profit somehow, and fee-free providers may have a less competitive exchange rate. Factor in both to get a true idea of the cost.
- Delivery methods. Want to send funds to be picked up in cash? Want to send directly to a bank account or a mobile money app? Check for a service that lets you send funds the way you want.
- How long it takes. Bank account transfers will often be more cost-effective, but can take up to five business days to arrive. If you need to send money in a hurry, a cash pickup can be ready in a few minutes.
- Sending limits. If you’re sending a large amount, you might run into maximum transfer restrictions. But if you’re sending a very small amount, it might be below the minimums of a certain platform. Make sure a provider is able to send the amount you want.
- Customer service. Check the customer service details prior to sending your money to make sure you know where to turn in the unlikely event of something going wrong. It’s also worth considering which time zone the customer service team is based in and whether you’ll be able to reach it easily.
- Reputation. Check online reviews from sites like Trustpilot to get an idea of whether other customers have been happy with their transfers.
What is the mid-market rate?
The mid-market rate, also known as the interbank rate, is the midpoint between the sell and buy prices of a currency. Transfer companies make money by selling foreign currencies for slightly more than they buy them for, which means the most competitive rates are those closest to the mid-market rate.
What options do I have for sending money?
Depending on the provider you use, you can:
- Use your bank. You can walk into your local bank branch or go online to see if your bank can send money to Chile. It can be convenient, but transfers are often slower and more expensive than other options.
- Use an online money transfer service. Dedicated money transfer services typically offer some of the quickest and most cost-effective money transfers, but you’ll need to sign up for an account.
- Send cash. If you want the funds to arrive as cash on the other end, you can use a transfer service with agent locations, like Western Union or MoneyGram, to send money to a chosen pickup point.
- Mail an international money order. These can be purchased at your local post office. There’s a limit of $700 per money order, lower in some countries, and can be slower than other options. You’ll also need to pay an additional replacement fee if your money order gets lost in the mail.
- Use another platform like PayPal. Many money apps and payment services offer overseas transfers, but fees and exchange rates tend to be less competitive than what you’d get with a company that specializes in international transfers.
Crunching the numbers: Compare two providers side by side
Not all money transfer services are the same. Sometimes you can save a lot of money by comparing options carefully, especially if you don’t mind a slower transfer.
Here’s an example of how two money transfer companies compare head-to-head with a $1,000 transfer to Chile.
|Money transfer service 1||Money transfer service 2|
|Exchange rate||1 USD = 665.193 CLP||1 USD = 662.186 CLP|
|Transfer speed||1 – 2 business days||1 hour|
|Total pesos received||CLP$665,193||CLP$662,186|
|Receiver gets||CLP$3,007 more||CLP$3,007 less|
The first transfer company will send CLP$3,007 more, or about US$4.50, but the second transfer company will get the money there a lot faster. In this case, which option is best would depend on your priorities.
Emergency cash transfer to Chile
Cash transfers are one of the fastest transfer methods and are often the only way to send money in an emergency if someone is unable to access their bank account. They can often be ready to pick up within just a few minutes.
If you’re sending an emergency cash transfer, it’s important to consider the available pick-up points and make sure the recipient is able to get to one of them.
Sometimes you may have to pay more or use a slower option if it means choosing a more suitable pick-up location.
Tips for picking up cash in Chile
To stay safe when picking up cash:
- Be mindful of hotspots. Muggings and robberies are frequent in urban areas and tourist areas, including Santiago, Viña del Mar, Valparaíso, Calama and on public transportation.
- Go during the day. Muggings occur most often at night, even in some of the more popular and busy areas.
- Don’t go alone. If possible, bring a friend with you to pick up the cash.
- Keep the cash with you. Keep the money on you — don’t put it in your luggage. Be alert of attempts to distract you from your possessions.
Using a specialized transfer service is generally the most affordable way to send money to Chile. If it’s an emergency situation, look for a provider that offers cash pickup. And to get the best deal, compare money transfer providers before getting started.
Frequently asked questions