Receive payouts by local wire transfer in CLP (Chile)
Overview
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)
📌 If the currency of your balance in Smartcat is different from CLP, the funds are converted to CLP at the Smartcat exchange rate on the day of the payment.
Commission
3 USD + 0.5% of the withdrawal amount. The fee is converted into the payout currency at the time of the transaction.
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 9,000 CLP to 7,500,000 CLP.
Smartcat allows you to set the minimum amount from which a payment is 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
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Cheaper than international transfer. There is no intermediary bank, and the commission is lower than for an international wire transfer.
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Speed. Payouts are processed within up to 3 business days on the Smartcat side and up to 1-2 business days on the bank side.
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Funds are received immediately in the local currency. You do not spend money on additional conversions and can use the money in your country right away.
FAQs
I chose this method, but the payment was rejected. Why?
Act as follows:
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Make sure you provide payment details for a local wire transfer (not an international SWIFT transfer)
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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
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Check the correctness of the specified details (account number, RUT number, bank name, account type)
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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
I cannot find the payment. What does the payment look like on the bank statement?
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.
I received a payout from Smartcat. I need to invoice for this payment. What details should be used for issuing such invoices?
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: Strawinskylaan 903, 1077 XX Amsterdam, the Netherlands
VAT no.: NL859832880B01
Still need help?
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