Local wire transfer in CLP (Chile)

A local wire transfer in CLP is a transfer of funds between banks in Chile in the local CLP currency. This method is valued for its reliability, convenience and speed, as it provides a direct transfer from one bank account to another within the country.

Supported currencies

Chilean Peso (CLP)

Please note that if the currency of your balance in Smartcat is different from CLP, the funds will be converted to CLP at the Smartcat exchange rate on the day of the payment.

Commission

2200 CLP

You can view a list of companies that are reimbursing your commission in the My Payouts section (click Learn more on your payout method).

Minimum and maximum payout amounts

From 3,000 CLP to 7,500,000 CLP

Smartcat allows setting the minimum amount, starting from which the payment will be sent to you. You can learn more in the article "Minimum payout amount".

Required details

Field

Individual

Company

Description

Beneficiary type

Individual or company beneficiary

Beneficiary first name

Name of the individual beneficiary

Beneficiary last name

Last name of the individual beneficiary

Birth date

Beneficiary's birth date

Beneficiary company name

Beneficiary's company legal name

Recipient’s country

Beneficiary's country

Recipient's city of residence

City or town from the beneficiary's address

Recipient's address

Beneficiary's address, including building number or name

Recipient's postal code

Beneficiary's postal code

Account number

Beneficiary's bank account number

RUT number

Identification tax number

Bank name

Name of the bank receiving the funds

Recipient's phone number

Beneficiary's phone number 

Recipient's account type

Savings or checking

Advantages

  • Cheaper than international transfer. There is no intermediary bank, and the commission is lower than for an international wire transfer.
  • Speed.  Payouts are processed up to 3 business days on the Smartcat side and up to 1-2 business days on the bank side.
  • Funds are received immediately in the local currency. You do not spend money on additional conversions and can immediately use the money in your country.

Frequently Asked Questions

Q: I chose this method, but the payment was rejected. Why?

A: Act as follows: 

  • Make sure you provide payment details for a local wire transfer (not an international SWIFT transfer).
  • Make sure that the postal code, city, street and house number are specified in the corresponding fields of the details. Make sure that you do not enter a PO box or email address instead of your residential address.
  • Check the correctness of the specified details (account number, RUT number, bank name, account type).
  • Make sure that the name of the account holder is entered in the details exactly as it is in the bank details, including all spaces and symbols.

Q: I cannot find the payment. What does the payment look like on the bank statement?

A: The purpose of the payment indicates the payment ID in the format PO-XXXXXX-XXXXX, which you can find in the Payout History section.

SMARTCAT EUROPE BV or VITESSE is displayed as the sender, depending on the beneficiary's bank.

Q: For which countries is this method available?

A: The method is available exclusively for receiving funds to a bank account in Chile.

Q: I received a payout from Smartcat. I need to invoice for this payment. What details should be used for issuing such invoices?
A: When receiving funds by local bank transfer in CLP, you need to enter the following Smartcat details in your account:

Full name: Smartcat Europe BV
Legal address: Rouboslaan 36 B, 2252 TR, Voorschoten, the Netherlands
VAT no.: NL859832880B01

If you have any questions, please email us at support@smartcat.com, we'll be happy to help.
 

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