Find SWIFT Codes in CHILI

In order to send a SWIFT payment to CHILI it is highly recommended to meet the following recommendations:

Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary such as SWIFT BIC, account number, beneficiary’s email address, tax ID number, and beneficiary bank address.

Central Bank: For additional information, please refer to www.bcentral.cl/eng.

Country Requirements/Restrictions:

Payment Restrictions: FX payments can only be made to onshore residents with an in-country presence. Import payments and export transactions above USD 5 million per year must be reported to the Banco Central de Chile.

Account Restrictions: Residents and non-residents can open and maintain foreign currency accounts domestically and abroad, requiring certification of domicile and a tax identification number.

Additional Documentation: Additional supporting documentation may be required from the beneficiary. NGOs need to present current registration documents at their local bank.

Payment Formatting Rules for CLP:

• Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
• Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials), address, and tax ID of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. Include the beneficiary’s 9-digit RUT (tax ID) number.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier (where required), full name, and address of the beneficiary bank. SWIFT BIC is key to routing payments to the beneficiary bank and consists of 8 or 11 alphanumeric characters: xxxxCLxx or xxxxCLxxxxx.
• Reason for Payment (SWIFT MT103 F70): Purpose of payment is mandatory. Please refer to the Central Bank of Chile purpose of payment codes (pg 7-11) here.
• Sender to Receiver Information (SWIFT MT103 F72): To avoid payment delays from an account outside of the United States, the beneficiary’s email address should be included. Please replace ‘@’ with ‘_AT_’ (blank space before and after ‘_AT_’) for smooth processing. Sample Format: /INT/name AT jpmchase.com.
• Additional Information: CLP is a zero-decimal currency.

For the following financial institutions in CHILI you can find a list of their correspondent banks with the currencies and nostro accounts. Also you will find an instructions how to track the payments and other useful information which will help you to send/receive a SWIFT funds transfer or investigate a status of existing payment.