Freelancers and sole traders in Chile usually want a low cost account, simple payment collection, and fast online opening. Mercado Pago and Tenpo open quickly with no maintenance fee, while BancoEstado is an economical state owned option for those who want a bank.
Suits Freelancers and Sole Traders best
Mercado Pago or Tenpo for no maintenance fee and fast opening, BancoEstado for an economical bank.
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 24 April 2026Last reviewed 24 April 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Freelancers and sole traders in Chile usually want low cost, simple collection, and fast online opening. Mercado Pago and Tenpo fit that pattern with no maintenance fee, while BancoEstado suits those who want a bank. Information as of 24 April 2026, not advice.
What Freelancers and Sole Traders in Chile need from a business account
Freelancers and sole traders usually invoice a handful of clients, carry few fixed costs, and value low price over branch services. The priorities are no maintenance fee, simple invoicing and payment collection, and quick opening with minimal paperwork. Those who bill clients abroad should confirm the foreign currency options. In Chile a sole trader can operate as a registered individual with a giro and a RUT, or form an entity such as a SpA or an EIRL.
M
Mercado Pago
No maintenance fee and fast online opening with strong collection tools, with limited cash and branch services.
We do not list a business account that is confirmed available to Freelancers and Sole Traders in Chile through an affiliate as of 24 April 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 Freelancers and Sole Traders in Chile
Which account suits a freelancer in Chile?
Many freelancers use Mercado Pago or Tenpo for no maintenance fee and fast opening, while BancoEstado suits those who want an economical bank. Compare the cost against the services you use. Information as of 24 April 2026, not advice.
Can a sole trader open a business account in Chile?
Yes. A sole trader registered with a giro and a RUT can usually open an account, and many form a SpA or an EIRL. Requirements vary, so confirm your case with the provider, as of 24 April 2026.
Do freelancers 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 24 April 2026.
How much does a freelancer account cost in Chile?
As of 24 April 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 24 April 2026. Confirm current terms with the provider before applying.