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Banking

Chile — Banking: Required Documents

A Chilean account normally requires a Chilean ID card, a RUT tax ID, proof of Chilean income and a minimum deposit; banks usually require about two years of residence.

VerifiedProfessional tax guide — not a government sourceWise – Opening a bank account in Chile (commercial source)Last reviewed: 2026-10-26

Key facts

  • Required documents: a Chilean ID card, the RUT (tax ID), proof of Chilean income and a minimum deposit.
  • Banks usually won't open accounts for expats who haven't been residents for two years or more, and opening from abroad is usually not possible.
  • Opening an account may take several branch visits.
  • Temporary established residents can apply for a cuenta vista at Banco Santander or BancoEstado, with strict monthly deposit limits.
  • Foreign students may get specialised accounts through university agreements with a student visa.

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