Chile

This table summarizes key details to help you manage your virtual account efficiently:

SLA payment confirmation	Transfers Below 7,000,000 CLP: Real Time 24/7. Transfers Above 7,000,000 CLP: asynchronous and takes several hours to process.
Minimum transaction amount	1.00 CLP
Maximum transaction amount	999,999,999,999.00 CLP
Local Account format	Name: Account number Length: Between 6 and 16 Type: numeric Example: 007003670478
Clearinghouse	Transfers Below 7,000,000 CLP: CCE Transfers Above 7,000,000 CLP: CCAV
Beneficiary Type	Only Local Residents
Virtual Account creation model	Offline

Country-Specific Account Details

In Chile, local bank transfers (in Chilean Pesos - CLP) are processed directly between bank accounts within the country. While there isn't a single, universally standardized interbank code like Mexico's CLABE or Europe's IBAN, transfers are efficient and require clear beneficiary information.

Account Format

Unlike systems that consolidate all transfer details into a single standardized number, Chile identifies transfers through a combination of:

1. Beneficiary's RUT: This is the primary identifier for the individual or company within the financial and tax system.

2. Bank Account Number: The number assigned by each bank to the specific account.

3. Account Type: Indicates the nature of the account (checking, debit, savings).

4. Bank Code/Name: Identifies the financial institution.

The uniqueness of a transfer is achieved by combining these data points. For instance, when transferring to a Cuenta RUT, often the beneficiary's RUT and "BancoEstado" as the institution are sufficient. For other banks and account types, the full combination of RUT, account number, and account type is usually required.

Make transfers to virtual accounts

Once your virtual account is set up, you can transfer to it by following the steps below:

Considerations for reconciliation

Transfers Under 7,000,000 CLP

For transfers under 7,000,000 CLP, Localpayment automatically matches incoming payments with their corresponding transactions and handles reconciliation automatically and in real time (24/7).

The following payer details are returned to help confirm the reconciliation:

• RUT (National ID)

• Full Name

• Bank Name

• Account Number

• Reference Number: The reference number is generated by the Merchant and must be included by the user when making the payment. This value will appear in the tracking.concept field.

Transfer Equal To or Above 7,000,000 CLP

These transfers are reconciled asynchronously and typically take several hours to reflect.

For transactions exceeding 7,000,000 CLP, the webhook received will only include the transferred amount, without any additional payer details or metadata.

Please refer to the following article for additional details about reconciliation:

Reconciliation models