In an increasingly interconnected world, the need to send funds across borders has become more common than ever. Whether you’re supporting family, paying for education, or purchasing goods, choosing the right money transfer method can save you time, money, and stress. If you have loved ones in Chile or a business relationship on the other side of the continent, here’s a comprehensive guide to help you navigate the process seamlessly. This article explores the top tips, critical considerations, step-by-step procedures, and best practices for sending money from the United States to Chile in 2025.
Understanding the Remittance Landscape
Chile is one of Latin America’s most stable and prosperous economies, attracting significant remittance flows from abroad. In 2024, remittances to Latin America and the Caribbean surpassed $110 billion, underscoring the importance of cross-border financial support for families and entrepreneurs alike. However, the cost of sending money can vary widely depending on the provider, exchange rate margins, and transfer fees. A poor choice not only eats into your hard-earned dollars but also delays the funds reaching the recipient.
Key Factors to Consider
Before you initiate a transfer, evaluate these four critical factors:
- Exchange Rate Transparency
Every provider applies an exchange rate to convert US dollars (USD) into Chilean pesos (CLP). Some services use the real mid-market rate—the rate banks trade currencies with one another—while others add a markup. Even a small margin of 1% can cost you an extra $10 on a $1,000 transfer. - Fee Structure
Fees fall into two categories: flat fees and percentage-based charges. Some providers advertise “zero fees” but compensate with poorer exchange rates. Always calculate the total cost by combining fees and rate markups to determine which service is truly cheapest. - Speed of Delivery
Depending on urgency, you might need funds delivered instantly, within hours, or in a few business days. Speed often comes at a premium—express transfers typically incur higher fees or wider rate margins. - Payout and Convenience
Consider how your recipient prefers to receive funds: direct bank deposit, cash pickup at an agent location, or mobile/digital wallet. Also factor in your preferred payment method, whether it’s a bank transfer, debit or credit card, or digital payment service.
Top Money Transfer Services in 2025
After testing multiple platforms and comparing live rates, the following providers stand out for sending money to Chile.
1. Wise (Formerly TransferWise)
Wise is renowned for its transparency. It uses the mid-market rate with no hidden markups and discloses all fees upfront. For a typical $1,000 transfer, you might pay around $10.40 in fees, and your recipient would receive approximately 933,984 CLP. Most transfers complete within minutes to 24 hours, and you can pay via ACH bank transfer, debit card, credit card, or digital wallets like Apple Pay. Wise also offers real-time tracking and two-factor authentication for added security.
2. Paysend
Paysend offers a fixed low fee of $1.99 per transfer, regardless of amount. The service applies a small margin to the mid-market rate, resulting in about 937,061 CLP for every $1,000 sent. Transfers are typically same-day, and you can send directly to a Visa or MasterCard debit card, as well as to bank accounts. Paysend’s simple pricing makes it easy to predict costs, though its payout network is more limited than larger competitors.
3. Instarem
Instarem combines competitive mid-market rates with low, transparent fees (around $4.99 for $1,000 transfers) and lightning-fast delivery times—often minutes to a few hours. Your recipient will receive roughly 936,250 CLP for a $1,000 transfer. Instarem’s app provides real-time tracking, and the platform is regulated by the Monetary Authority of Singapore and FinCEN in the US, ensuring robust security and compliance.
4. Remitly (Economy Service)
Remitly’s economy tier often features zero fees and a modest rate markup, yielding approximately 936,000 CLP for $1,000. The trade-off is speed: economy transfers take 3–5 business days. If you’re not in a rush, this option can yield substantial savings. Remitly also runs promotional rates for first-time users, making it especially attractive for initial transfers.
5. MoneyGram (Digital Promotions)
MoneyGram regularly offers zero-fee promotions on digital transfers. When these promotions are active, a $1,000 transfer can deliver around 935,000 CLP with no transfer fee. Transfer times range from minutes to one business day, and cash pickup is available at numerous agent locations across Chile. MoneyGram’s extensive network ensures recipients in remote areas can access funds even if they don’t have a bank account.
Honorable Mention: Western Union and Xe
- Western Union remains unmatched in its global reach, with over 700 pickup locations across Chile. Fees are higher (usually $10–$20), and exchange rate markups average 2–4%, but the network is invaluable for rural recipients.
- Xe Money Transfer offers transparent fees ($0–$5) and near-mid-market rates, delivering about 934,000 CLP per $1,000. Transfers take 1–3 days, and Xe also supports cash pickup at partner agents.
Step-by-Step Guide to Sending Money
Follow these steps to ensure a smooth transfer:
- Sign Up and Verify
Create an account on your chosen provider’s website or mobile app. You’ll need to verify your identity with a government-issued ID and provide basic personal information. - Enter Recipient Details
For bank deposits, supply the recipient’s full name, bank account number or CLABE, and RUT (Chilean tax ID). For cash pickups, choose an agent location and use the recipient’s name exactly as it appears on their ID. - Select Amount and Payment Method
Decide how much USD you’re sending and pick your payment method—bank transfer for low fees or debit/credit card for speed. - Review Fees and Rates
Confirm the exchange rate, transfer fee, and the total CLP amount the recipient will receive. Look out for any promotional offers or rate guarantees. - Authorize and Send
Approve the transaction. You’ll receive a confirmation with a tracking number. Most apps offer push notifications or email alerts as your transfer progresses. - Track the Transfer
Use the provider’s tracking feature to monitor delivery status. Notify your recipient when funds are available.
Tips to Maximize Savings
- Use Bank Transfers Over Cards: ACH or bank transfers incur lower fees than debit or credit cards.
- Avoid Weekends and Holidays: Rates can be less favorable during off-hours.
- Consolidate Transfers: Combining smaller amounts into a single larger transfer often reduces per-transfer fees.
- Leverage New-User Promotions: Take advantage of zero-fee or discounted-rate offers for first-time users.
- Compare Live Quotes: Exchange rates and fees fluctuate daily. Always check real-time quotes before sending.
Security and Compliance
Reputable money transfer apps comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. They employ end-to-end encryption, SSL/TLS protocols, and robust fraud monitoring systems. Always enable two-factor authentication (2FA), use strong unique passwords, and verify recipient details carefully to safeguard your transfers.
Sending money from the USA to Chile in 2025 is more convenient and affordable than ever. Providers like Wise, Paysend, Instarem, Remitly, and MoneyGram each offer unique advantages—whether in cost, speed, or network coverage. By understanding fee structures, comparing live rates, and following best practices, you can ensure that your hard-earned dollars convert into the maximum possible Chilean pesos for your recipient. With the right service and a little planning, sending money across continents becomes a hassle-free task that strengthens your connections and supports your loved ones abroad.