One of Chile's most mainstream digital accounts (about 4 million users), combining a Visa debit card, Bip!QR transit payments and free transfers — a wallet-class app for daily spending in Chile.
!Not a bank-adjacent wallet. MACHBANK is a current-account digital brand backed by Banco BCI and supervised by Chile's Financial Market Commission (CMF); accounts sit inside BCI's banking system, and balances are bank money rather than non-bank e-money. It is listed here for its everyday-payment super-app role.
Partially. The official app store states "over 18 with a valid ID, whether Chilean or foreigner"; in practice foreigners need a Chilean ID card (Cedula) and tax number (RUT, issued automatically with the ID), which generally means residency is already in place; passport-only or tourist applications are not accepted.
No mandatory minimum deposit｜No monthly fee; transfers within MACHBANK and to other banks are free; international remittances are charged per channel
Transfers to newly added recipients are typically capped at CLP 200,000 in the first 24 hours; the app's daily transfer limit is generally CLP 2,000,000 (per the bank's latest disclosure).
Partially. The official app store states "over 18 with a valid ID, whether Chilean or foreigner"; in practice foreigners need a Chilean ID card (Cedula) and tax number (RUT, issued automatically with the ID), which generally means residency is already in place; passport-only or tourist applications are not accepted.
Local bank account: Not applicable — it is itself a BCI digital account. Items typically needed: A Chilean ID card (Cedula de Identidad); RUT (issued automatically with the ID); A Chilean phone number.
Typically: A Chilean ID card (Cedula de Identidad); RUT (issued automatically with the ID); A Chilean phone number.
How to sign up: Open in the app (Chilean ID + RUT verification) → apply for a Visa debit card (About 10-30 minutes to open, with the virtual card usable immediately). Steps: 1) Download MACHBANK 2) Verify with your ID and RUT 3) Open the digital account 4) Apply for the Visa debit card (virtual card is instant) 5) Top up, transfer or scan Bip!QR Fees: No monthly fee; transfers within MACHBANK and to other banks are free; international remittances are charged per channel
Transfers to newly added recipients are typically capped at CLP 200,000 in the first 24 hours; the app's daily transfer limit is generally CLP 2,000,000 (per the bank's latest disclosure).
E-wallet rules change often — always follow the latest instructions in the official app.