Chile (CL)
South America's most stable and developed economy, Chile stretches 4,300 km from the Atacama Desert to Patagonia.
Currency & Money
Practical money tips for living in Chile.
Denominations
Coins: $1, $5, $10, $50, $100, $500. Banknotes: $1,000, $2,000, $5,000, $10,000, $20,000.
Payment Culture
Chile is increasingly cashless in cities — Redcompra (debit) and contactless payment are widely accepted at supermarkets, malls, and restaurants. Transbank/Webpay powers most merchant terminals. Cash remains essential in markets, small local shops, rural areas, and for tipping. Foreign Visa/Mastercard credit cards work at major retailers but may be declined at small merchants.
ATM Tips
Use ATMs at BancoEstado, Banco de Chile, Santander, or Scotiabank — all accept international cards. BancoEstado charges foreigners ~CLP $3,000–4,000 per transaction. Redbanc network links most ATMs. Withdraw during business hours in well-lit bank lobbies for safety. Maximum per-transaction limit is typically CLP $150,000–200,000.
Exchange Tips
Best rates at Cambio Santiago or other licensed casas de cambio on Agustinas street, Santiago city centre. Hotels give poor rates. Avoid airport kiosks for large amounts. USD and EUR get the best conversion rates. Never change money on the street — it is illegal and a common theft scam.
Pro tip: Best apps for expats
- • Wise — Send money internationally at near-interbank rates
- • Revolut — Multi-currency account, free ATM withdrawals (limits apply)
- • N26 — German IBAN, free account, good for EU residents