How to open a business account in Chile: steps and documents

Snapshot

To open a business account in Chile you normally register a company and obtain its RUT from the Servicio de Impuestos Internos, gather the incorporation deed and identity documents, then apply with a provider and pass identity and compliance checks. Many companies form through the Tu Empresa en un Dia portal in a single day, then open with a digital provider such as Mercado Pago or Global66, or with a bank such as Banco de Chile, BCI, or BancoEstado.

First step: Register the company and obtain the company RUT from the Servicio de Impuestos Internos. Verify with the provider.
Typical timeline: Company formation can take a single day; a bank account commonly takes about two to four weeks, and digital providers can be faster. Verify with the provider.
Key documents: Company RUT, incorporation deed, identity documents, proof of a Chilean address, business activity description. Verify with the provider.
Most providers: Traditional banks and digital providers

Fees and features as of 9 December 2025Last reviewed 9 December 2025

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

To open a business account in Chile you usually register a company and obtain its RUT from the Servicio de Impuestos Internos, gather the incorporation deed, identity documents, proof of a Chilean address, and a business activity description, then apply with a provider and complete identity and compliance checks. Many companies form a SpA through the Tu Empresa en un Dia portal in a day, then open with a digital provider such as Mercado Pago or Global66, or with a bank. Information as of 9 December 2025, not advice.

Steps to open a business account in Chile

The process has two parts. First you create a registered company and obtain its RUT, the tax number issued by the Servicio de Impuestos Internos. Then you choose a provider and complete its application and compliance checks. As of 9 December 2025 the company formation step can be fast through the Tu Empresa en un Dia portal, while the account opening step depends on the provider and the documents you can supply.

Register the company and get the RUT

Most founders form a company through the Tu Empresa en un Dia portal, often as a sociedad por acciones, known as SpA, or a limited liability company, known as Ltda, and obtain the company RUT from the Servicio de Impuestos Internos. The incorporation deed, the escritura de constitucion where applicable, records the company structure and the legal representative. As of 9 December 2025, confirm the entity type that fits your plans with a local adviser.

Choose a provider and apply

Digital providers such as Mercado Pago and Global66 open quickly online with no maintenance fee, while traditional banks such as Banco de Chile, BCI, and BancoEstado suit companies that want branch access, cash handling, and foreign trade services through Comex. You apply with the company documents, then pass identity and compliance checks. As of 9 December 2025, confirm whether the provider allows a fully online application or asks for a branch visit.

Documents you usually need

Providers in Chile typically ask for company and identity documents before opening an account, as of 9 December 2025. Verify with the provider

The company RUT and the registered incorporation deed, the escritura de constitucion where applicable.
Identification for the directors and the legal representative, plus proof of a Chilean business address.
A description of the business activity and, in many cases, source of funds and beneficial ownership information.

How to open step by step

Register your company, often through the Tu Empresa en un Dia portal, and obtain the company RUT from the Servicio de Impuestos Internos.
Choose a provider and gather the incorporation deed, identity documents, proof of address, and the business activity description.
Apply online or at a branch, complete identity and compliance checks, and confirm fees and features before you sign.

We do not list a business account that is confirmed available to business customers in Chile through an affiliate as of 9 December 2025. Local traditional banks and digital providers in Chile each set their own application steps and document lists. See the related country guides below for markets where listed providers are available, and verify any local option directly with the provider.

Questions about opening a business account in Chile

How do I open a business account in Chile?

You normally register a company and obtain its RUT from the Servicio de Impuestos Internos, gather the incorporation deed, identity documents, proof of a Chilean address, and a business activity description, then apply with a provider and complete identity and compliance checks. As of 9 December 2025, confirm the exact steps with the provider.

How long does it take to open a business account in Chile?

Company formation through Tu Empresa en un Dia can take a single day, while a traditional bank account commonly takes about two to four weeks once documents are submitted, and digital providers can be faster. Foreign documents that need apostille and translation can add time. Confirm with the provider, as of 9 December 2025.

What documents do I need to open a business account in Chile?

You typically need the company RUT, the registered incorporation deed, identification for the directors and the legal representative, proof of a Chilean business address, and a description of the business activity. Banks may also ask for source of funds and beneficial ownership details. Confirm the list with the provider, as of 9 December 2025.

Can I open a business account in Chile online?

Yes with many digital providers, and increasingly with traditional banks, though a bank may still ask for a branch visit or notarized documents. As of 9 December 2025, confirm whether the provider you choose allows a fully online application.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 9 December 2025. Confirm current terms with the provider before applying.