Nonprofits in Chile usually want a low cost account, clear governance with more than one signatory, a simple way to collect donations, and foreign currency support when funding comes from abroad. A traditional bank such as BancoEstado or BCI suits organizations that want branch access and recognized governance, Mercado Pago collects online donations with no maintenance fee, and Global66 helps receive grants across borders.
Suits Nonprofits best
A traditional bank for governance and branch access, Mercado Pago for online donation collection, Global66 for cross border grants.
Typical monthly fee
Free at digital providers; traditional banks charge a monthly package priced in UF that some waive above a set average balance. Confirm with provider.
Eligibility
A legally constituted nonprofit, commonly a fundacion or corporacion under Law 20,500, with a company RUT and a named legal representative. Verify with the provider.
Providers that fit
Three covered here
Fees and features as of 7 December 2025Last reviewed 7 December 2025
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Nonprofits in Chile generally want low cost, governance with more than one signatory, online donation collection, and foreign currency support for overseas funding. A traditional bank such as BancoEstado or BCI suits organizations wanting branch access and recognized governance, Mercado Pago collects donations with no maintenance fee, and Global66 helps receive grants from abroad. Information as of 7 December 2025, not advice.
What Nonprofits in Chile need from a business account
A nonprofit handles donations, grants, and member contributions, often with a board that wants more than one person to authorize payments. The priorities are a low monthly cost, an account that supports clear governance and recordkeeping, online collection for donations, and foreign currency handling when funding comes from international donors. To open an account the organization normally has to be legally constituted, commonly as a fundacion or a corporacion under Law 20,500, hold a company RUT from the Servicio de Impuestos Internos, and name a legal representative.
B
BancoEstado
The state owned bank with a wide branch network and recognized governance, often used by organizations that value reach and clear processes.
We do not list a business account that is confirmed available to nonprofits in Chile through an affiliate as of 7 December 2025. 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 Nonprofits in Chile
Which account suits a nonprofit in Chile?
Many nonprofits in Chile use a traditional bank such as BancoEstado or BCI for branch access and clear governance, Mercado Pago to collect donations online with no maintenance fee, or Global66 to receive grants from abroad. Weigh the cost against the services the organization uses. Information as of 7 December 2025, not advice.
Does a nonprofit in Chile need to be registered to open an account?
Yes. A nonprofit normally has to be legally constituted, commonly as a fundacion or a corporacion under Law 20,500, and hold a company RUT from the Servicio de Impuestos Internos, with a named legal representative. Confirm the requirements with the provider, as of 7 December 2025.
Can a nonprofit in Chile receive donations from abroad?
Yes. Traditional banks offer foreign currency handling, while providers such as Global66 help receive cross border payments in several currencies. Rules and pricing vary, so confirm with the provider, as of 7 December 2025.
How much does a nonprofit account cost in Chile?
As of 7 December 2025, digital providers such as Mercado Pago and Global66 charge no maintenance fee, while traditional banks bundle services into a monthly package priced in UF that some waive above a set average balance. Transaction costs can apply on top. Confirm current pricing with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 7 December 2025. Confirm current terms with the provider before applying.