How to Open a Corporate Bank Account in Chile?

By EasyCo Updated October 10, 2026

A corporate bank account lets your Chilean company receive its capital, pay suppliers and staff, and collect from customers. Here is how opening one works in 2026.

Choose a bank

The main banks for companies include Banco de Chile, BancoEstado, Santander Chile, BCI, Scotiabank Chile, Itaú and BICE. Compare their requirements for foreign-owned companies, online banking, foreign currency accounts and fees. Most accounts are in Chilean pesos; banks also offer US dollar accounts.

Documents a new company usually needs

The incorporation deed or registry certificate, and a recent certificate of good standing (vigencia).
The company’s RUT and proof of its start of activities with the SII.
ID and RUT of the legal representative and of the people who will sign on the account.
Information on the shareholders and ultimate beneficial owners.
Proof of the company’s address in Chile and of the source of funds.

A new company is not expected to show financial statements; established companies may be asked for them.

Know-your-customer checks

Banks apply anti-money-laundering rules, so they review the ownership chain, the business plan and where the money comes from. Expect questions about the foreign shareholders. Some banks require the legal representative to sign in person in Chile.

Bringing in the capital

Foreign investment is usually brought in through the formal exchange market (a Chilean bank). Under Chapter XIV of the Central Bank’s Compendium of Foreign Exchange Regulations, investments above USD 10,000 must be reported to the Banco Central de Chile, which the receiving bank normally handles.

How a company is set up in Chile

Choose the company type. Most foreign founders use the SpA.
If you are abroad, sign a power of attorney, apostilled and translated into Spanish, so a person in Chile can act for you.
Sign the incorporation deed before a notary, or form the company online in the Registro de Empresas y Sociedades.
Register the extract in the Commercial Registry and publish it in the Diario Oficial (both are automatic on the online registry).
Obtain the company’s RUT and file the start of activities (inicio de actividades) with the SII.
Bring in the capital and open a corporate bank account.
Set up electronic invoicing, monthly Form 29 filings and payroll.

Full guide: how to set up a company in Chile.

Get help from Easyco

Easyco coordinates the company setup in Chile up to the issue of the RUT, and supports companies afterwards with tax, accounting and payroll. Contact us to discuss your project.