Consultants in Chile, whether sole practitioners or small firms, usually want a low cost account, simple invoicing, and fast opening. BancoEstado is an economical state owned option, Mercado Pago and Tenpo open quickly with no maintenance fee, and a traditional bank suits those who want branch access and lending.
Suits Consultants best
BancoEstado for an economical bank, Mercado Pago or Tenpo for fast low cost digital accounts.
Typical monthly fee
Free at digital providers; BancoEstado and other banks charge a monthly package priced in UF. Confirm with provider.
Non resident position
A Chilean registered entity with a RUT and a legal representative domiciled in Chile is normally required. Verify with the provider.
Providers that fit
Three covered here
Fees and features as of 5 May 2026Last reviewed 5 May 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Consultants in Chile usually want low cost, simple invoicing, and fast opening. BancoEstado is an economical bank, while Mercado Pago and Tenpo open quickly with no maintenance fee. Information as of 5 May 2026, not advice.
What Consultants in Chile need from a business account
Consultants invoice a small number of clients, carry few fixed costs, and value low price over branch services. The priorities are no maintenance fee or a low one, simple invoicing and transfers, and quick opening with minimal paperwork. Those who bill clients abroad should confirm the foreign currency options. A registered company or a registered sole trader with a RUT is needed to open a business account.
B
BancoEstado
A state owned bank positioned as an economical option with broad access, with a monthly package and fewer digital features than a fintech.
We do not list a business account that is confirmed available to Consultants in Chile through an affiliate as of 5 May 2026. The local providers above serve business customers in Chile. Compare these options directly, see the related guides below for markets where listed providers are available, and verify any option with the provider before applying.
Questions about banking for Consultants in Chile
Which account suits a consultant in Chile?
Many consultants use BancoEstado for an economical bank, or Mercado Pago and Tenpo for fast low cost digital accounts. Compare the cost against the services you use. Information as of 5 May 2026, not advice.
Do consultants in Chile need a registered company?
A business account requires either a registered company with a RUT or a registered sole trader with a giro. Many consultants form a SpA or an EIRL. Confirm the requirements with the provider, as of 5 May 2026.
Do consultants need a separate business account in Chile?
It is not always required, but keeping business and personal money separate makes tax and bookkeeping simpler. Digital providers offer accounts with no maintenance fee, so the cost of separating is usually low. Confirm the account type with the provider, as of 5 May 2026.
How much does a consultant account cost in Chile?
As of 5 May 2026, digital providers such as Mercado Pago and Tenpo charge no maintenance fee, while banks such as BancoEstado charge a monthly package priced in UF. Confirm current pricing with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 5 May 2026. Confirm current terms with the provider before applying.