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🇨🇱
TEF · CLP
Same day

TEF Payments
in Chile

Chile's same-day electronic funds transfer for CLP payments.

Start Paying via TEFAll Chile Methods

TEF in Chile

Chilean Peso · CLP

Same day
Settlement
0.3–1%
Fees
Requirements

Contractor must provide their Chilean RUT, bank account number, and bank name.

Payment Journey

You fund in USD, stablecoin, or BTC — your contractor in Chile chooses how they receive it.

1
You Fund

Fund your Bitwage Balance

USD via wire/ACH/FedNow, stablecoin (USDC/USDT), or BTC. Fund once — use for all payments.

2
You Send

Create a payment run

Add your Chile contractor(s) to a batch or individual payment. Set the amount in USD — Bitwage handles everything else.

3
Bitwage Routes

Converts & delivers via TEF

FX rate locks at approval. Bitwage converts USD → local currency and routes the payment via TEF. Compliance screened automatically.

🇨🇱 Contractor Receives

Funds arrive via TEF

Settlement: Same day. Fees: 0.3–1%. Contractor can also choose USDC, USDT, or Bitcoin instead — they set their preference once.

Your contractor chooses — not you
Even though this page covers TEF in Chile, your contractor can switch to USDC, USDT, Bitcoin, or another local rail at any time — they configure their preference in their Bitwage dashboard. You always just fund in USD.

How TEF Works in Chile

Bitwage converts USD to CLP and submits a TEF instruction through Chile's electronic payments network. Funds settle the same business day.

Compliance & Security

Chile requires foreign income to be declared with the SII (Servicio de Impuestos Internos). Bitwage screens all payments against OFAC sanctions lists.

The CLP floats freely. Bitwage locks the USD/CLP rate at execution to protect against intraday volatility.

Other Payment Methods in Chile

Bank Transfer

1–2 business days

Standard CLP wire to any Chilean bank account.

View setup guide

Stablecoin Payout

< 1 minute

USDC payout to the contractor's EVM-compatible crypto wallet.

View setup guide

Key Terms

stablecoin paymentsUSDC stablecoinFX rate lockbatch payment processingcontractor vs employee classification

TEF in Chile FAQ

Common questions about TEF payments, settlement, fees, and requirements.

TEF payments to Chile typically settle in Same day. Bitwage locks your FX rate lock at execution time so recipients receive exactly the amount shown in the payment preview.

Bitwage charges 0.3–1% for TEF payments to Chile. There are no hidden per-transfer fees beyond the displayed rate. You can see the full cost breakdown before executing via our {{link:products/contractor-payments}} platform.

Contractor must provide their Chilean RUT, bank account number, and bank name. Bitwage validates all payment details before executing. For batch payments to multiple contractors, use {{link:products/masspay}} to upload a CSV with all recipient details at once.

Yes. With {{link:products/masspay}} you can include any number of Chile-based contractors in a single payment run, mixing TEF with other local rails. All FX conversions are locked at batch payment processing execution time.

Related Resources

Countries

pay contractors in ArgentinaUSDC, CVU, and local bank payments to Argentinapay contractors in ColombiaPSE and local bank transfers to Colombia

Start Sending TEF Payments to Chile

Settlement in Same day. Fees from 0.3–1%. OFAC screened on every payment.

Get Started FreeAll Chile Payment Methods