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Sending Money abroad from Chile

    • What are the requirements for requesting the remittance of a Payment Order?

      • You must fill in a Foreign Currency Issue form.
      • ID Card or valid passport
      • Proof of place of residence.
      • Documents accrediting the origin of the funds (if corresponds) associated with the amounts and frequency of remittance. BancoEstado will assess their course, in accordance with the activity or source of income of the Issuer.
    • Which is the Intermediary Bank?

      • The bank that intermediates payment between the Issuing Bank and the Beneficiary Bank, when the latter does not operate with the conventional international payment systems of the countries in which it operates.
    • Who is the Beneficiary?

      • The person who receives the Transfer or Payment Order.

Remittance from Chile overseas

    • Who can receive remittances?

      • Any individual residing abroad.
    • What documents should I submit to the Bank to accredit the origin of the funds?

      • Examples of documents that justify the origin of funds:

      • Work Contract
      • Pay Slip
      • Current Accounts, Savings accounts statements,  bank statements, etc.
      • Property deed, when the funds originate from a sale.
      • The documents should be endorsed by the Chilean Consul.  The principal documents should be  written in English or Spanish (using the services of a professional translator)
    • How are the funds transferred?

      • By means of SWIFT, which is an electronic message system used by financial institutions throughout the world to support their international operations… The message code for Payment Orders is MT 103. The BancoEstado SWIFT code is BECHCLRM.

    • To what countries can funds be transferred?

      • Any country, excepting those with OFAC (Office of Foreign Assets Control) sanction.

    • What is OFAC?

      • The Office of Foreign Assets Control (OFAC), is an office belonging to the US Treasury Department.  OFAC is authorized by the US President to administer and strengthen the sanctions imposed by its government.  These programs include sanctions against countries such as Cuba, Iran and Sudan, and sanctions against individuals and organizations whose names are given in Specially Designated Nationals and Blocked Persons Lists.
      • The latest updates of these lists are available on the www.treas.gov/ofac Webpage.
    • Who is the Beneficiary?

      • The person who receives the Transfer or Payment Order.