Free business accounts in Chile: what no maintenance fee means

Snapshot

Free in Chile usually means no monthly maintenance fee, not no costs at all. As of 8 February 2026 digital providers such as Mercado Pago and Global66 offer a business account with no maintenance fee, while some traditional banks waive their UF priced package above a set average balance. Transaction, card, and foreign currency charges can still apply, so read the whole rate card before deciding an account is free for the way you use it.

No maintenance fee options: Digital providers such as Mercado Pago and Global66 as of 8 February 2026. Verify with the provider.
Bank fee waived by balance: Some banks waive the UF priced package above a set average balance. Verify with the provider.
What free does not cover: Transaction, card, and foreign currency conversion charges can still apply. Verify with the provider.
Most providers: Digital providers and selected bank plans

Fees and features as of 8 February 2026Last reviewed 8 February 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

A free business account in Chile usually means no monthly maintenance fee. As of 8 February 2026 digital providers such as Mercado Pago and Global66 offer a business account with no maintenance fee, and some traditional banks waive their UF priced package above a set average balance. Free does not mean costless, since transaction, card, and foreign currency charges can still apply, so compare the whole rate card against how you transact and confirm with the provider.

What free means for a business account in Chile

When a Chilean provider markets a free business account, it almost always means there is no monthly maintenance fee. That is real value, but it is not the same as no costs. A no maintenance fee account can still charge for certain transfers, for cash handling, for card services, and for foreign currency conversion. As of 8 February 2026 the most useful question is not whether an account is free, but whether it is free for the way your business actually moves money.

Digital providers with no maintenance fee

Digital providers such as Mercado Pago and Global66 offer a business account with no maintenance fee, fast online opening, and online payment collection. They tend to have fewer branch and cash services than a bank, so they suit companies that transact mostly online. Mercado Pago focuses on local collection, while Global66 lets a company hold and pay in several currencies. Confirm the current transaction and conversion costs with the provider, as of 8 February 2026.

Bank packages waived by balance

Traditional banks such as Banco de Chile, BCI, and BancoEstado usually charge a monthly package priced in UF, an inflation indexed unit, but some waive that fee above a set average balance. If a company keeps that balance, the effective monthly cost can be zero while keeping full branch and trade services. As of 8 February 2026, confirm the balance threshold, whether VAT is included, and the current pricing with the provider.

Costs to check before you call an account free

Before treating a Chilean business account as free, check these points, as of 8 February 2026. Verify with the provider

Whether the no maintenance fee is permanent or a temporary promotion, and any balance condition attached to a bank waiver.
The per transaction fees for transfers, cash handling, and card services, and any thresholds that trigger them.
The foreign currency conversion cost and spread, which a no maintenance fee account can still charge.

How to compare free accounts

List how you actually transact, including transfers, cash use, card spend, and any foreign currency needs.
Add up the transaction and conversion costs for that pattern, since the zero maintenance fee is only part of the total.
Confirm the current rate card and any balance condition with the provider before you apply, since terms change.

We do not list a business account that is confirmed available to business customers in Chile through an affiliate as of 8 February 2026. Digital providers and traditional banks in Chile publish their own no maintenance fee offers and waiver conditions. See the related country guides below for markets where listed providers are available, and verify any local option directly with the provider.

Questions about free business accounts in Chile

Is there a truly free business account in Chile?

As of 8 February 2026, digital providers such as Mercado Pago and Global66 offer a business account with no maintenance fee. Free here means no monthly maintenance fee, not no costs at all, since transaction, card, and foreign currency charges can still apply. Confirm the current terms with the provider.

Do free accounts in Chile still charge transaction fees?

Often yes. A no maintenance fee account can still charge for some transfers, cash handling, card services, or currency conversion. As of 8 February 2026, check the full rate card so the headline of no monthly fee does not hide the cost you actually pay.

Can a traditional bank account in Chile be free?

Some traditional banks waive the monthly package fee above a set average balance, so the effective cost can be zero if you keep that balance. The package is usually priced in UF otherwise. As of 8 February 2026, confirm the balance threshold and the current pricing with the provider.

Which free account suits my business in Chile?

It depends on how you transact. Mercado Pago suits online collection, while Global66 suits holding and paying in several currencies. As of 8 February 2026, compare the transaction and foreign currency costs alongside the zero maintenance fee and confirm with the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 8 February 2026. Confirm current terms with the provider before applying.