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Bank transfers are a widely used payment method in Chile, supported by major banks like Banco de Chile, Santander Chile, Banco Estado, and BCI. In 2022, 41% of consumers reported using bank transfers within the past month, making it the most popular alternative payment method after debit and credit cards. These transfers are facilitated through secure online platforms and mobile apps.

Method
Bank Transfer (CL)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
12M
Disbursements
No
No
Chargebacks
$25.00
$25.00
Authorization currency
CLP
Authorization
speed
Instant
Recurring
No
No