Where to Exchange Money in Santiago, Chile: A Comprehensive Guide

In the bustling metropolis of Santiago, Chile, you'll find a number of options for exchanging your money. Whether you're commuting through the modern Arturo Merino Benítez International Airport or exploring the historic streets of the city centre, reliable money exchange facilities are close at hand.

1. Banks

Banks are a secure and traditional choice for money exchange in Santiago. They typically offer competitive rates and added security against any fraudulent transactions.

Banco Estado

The most widespread and prominent financial institution in Chile is Banco Estado. Notable for its superior exchange rates and widespread coverage, this state-owned bank is a reliable destination for your currency exchange needs.

Scotiabank Chile

Scotiabank is another key player in the Chilean banking sector. With an expansive network of branches, Scotiabank is conveniently situated for vacationers and business travellers alike.

Banco de Chile

As one of the largest banks in the country, Banco de Chile also offers reliable money exchange services. Known for its exceptional customer service, it's a great choice if you want to feel welcomed and guided through the process.

2. Currency Exchange Offices

Regulated by the Chilean government, these exchange bureaus often provide better rates and shorter waiting times compared to banks.

AFEX

AFEX has multiple branches strategically located in Santiago, including malls and international airports. Known for its competitive rates, it's a good option to consider.

CompraVenta

CompraVenta is another popular currency exchange office. It has earned its reputation for providing seamless service, favourable rates, and a straightforward exchange process.

3. Online Money Exchange Platforms

With digitalization taking the lead, online platforms for money exchange have grown in popularity. These platforms offer easy, quick, and sometimes the most favourable exchange rates.

TransferWise

TransferWise is a popular online service known for its transparent fees and real-time exchange rates. It operates in Chile, making it a handy option.

WeSwap

Another great online platform is WeSwap. It allows its users to swap currencies directly with others, effectively cutting out the middleman—and the fees that come with it.

4. ATMs

Last but not least, Automated Teller Machines (ATMs) are located almost everywhere in Santiago and can be used to withdraw Chilean pesos.

Redbanc ATMs

Redbanc provides a network of ATMs across the city. Note, however, that fees may apply based on your home bank’s policies.

International Card ATMs

These ATMs accommodate international cards, making them a good option for foreign travellers. Be sure to check the exchange rates and fees beforehand. Remember, it's important to compare the rates and fees from different providers before making a final decision on where to exchange your money in Santiago, Chile. Armed with information, you can make the most of your travel budget and enjoy your stay in this beautiful and exciting South American city.