How to send money to Chile from Canada

By   |   Verified by David Boyd   |   Published 22 Dec 2022

Are you comparing options for the best way to send money from Canadato a family member, friend, or business in Chile?

Recipients will get more pesos if you send money to Chile from Canada with an online international money transfer service because they offer more competitive exchange rates and cheaper transfer fees.

Need to transfer money to Chile from Canada?

Best ways to send money to Chile

Simplii Financial Global Money Transfer

On website

Simplii Financial Global Money Transfer

Highlights

  • Get up to $300 when you send your first Global Money Transfer. Use promo code GMTEVENT to claim this offer. Terms and Conditions apply.
  • Send $50,000 daily to over 130 countries without transfer fees.
  • The only bank in Canada that provides Cash Pickup Service at $0 transfer fee. Send up to $2,000 per day and enjoy same-day delivery to over 40 countries.
  • Use the code CASH when you send your first GMT cash pick up for $50 cashback

Pros

  • No transfer fees.
  • Money tracking feature.
  • You can send money straight to a Visa credit or debit card.
  • Earn rewards.

Cons

  • No physical branches.
  • There is a $50,000 daily limit.
Remitly

On website

Remitly

Highlights

  • Enjoy great exchange rates and low fees.
  • Every transfer carries a delivery promise. Have your money delivered on time or get your money back.
  • Safety and security. Remitly uses industry-standard security protocols and encryption.

Pros

  • Low transaction fees.
  • Plenty of delivery options.
  • Wide global network, covering 50+ currencies and countries.
  • Highly rated customer support.

Cons

  • Fees apply when you fund your account using a credit card.
  • Transfer limits apply.
Remitly

On website

Remitly

Highlights

  • Enjoy great exchange rates and low fees.
  • Every transfer carries a delivery promise. Have your money delivered on time or get your money back.
  • Safety and security. Remitly uses industry-standard security protocols and encryption.

Pros

  • Low transaction fees.
  • Plenty of delivery options.
  • Wide global network, covering 50+ currencies and countries.
  • Highly rated customer support.

Cons

  • Fees apply when you fund your account using a credit card.
  • Transfer limits apply.
Wise

Wise

Highlights

  • Send money up to 7x cheaper than banks.
  • Receive payments like a local in 10 currencies.
  • Indulge convenience by transacting thru the Wise App anytime and anywhere!
  • Your money is safe. Wise is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.
MoneyGram

On website

MoneyGram

Highlights

  • Receive 20% off the fee on your next money transfer when you signup today.
  • Offers many send and receive options with money arriving in minutes.
  • MoneyGram's global network includes well-known retailers and businesses, spanning more than 200 countries and territories, making cash pick-up easy for your receiver.
  • Wire internationally at excellent exchange rates.

Pros

  • Vast network and accessible branches worldwide.
  • Same-day transfers to select bank accounts.
  • Multiple deposits and pick-up options.

Cons

  • Higher fees compared to other money transfer services.

Compare more money transfer services before you send money to Chile.

First time sending?

How to send money to Chile from Canada

There are many money transfer services that offer a convenient, fast, and cheap way to send money to Chile from Canada. This step-by-step process explains how it works if you haven't used one before.

  1. Choose a money transfer service. Find a reputable money transfer service that can transfer money to Chile. There are several listed on this page.
  2. Open your account. You will need to provide some personal information and proof of identification. It only takes a few minutes.
  3. Configure the transfer. Specify how much money you want to send, how you would like it delivered or collected, and the recipient’s details.
  4. Choose how to fund the transfer. Transfers with most online services can be funded with a bank transfer, debit card, or credit card. At this point, you'll get an exact quote of how much the recipient will receive. This quote may be valid for a limited time only since exchange rates fluctuate constantly.
  5. Send the money. The sender and recipient can usually track the transfer's progress with a tracking link.

What are the fees and charges?

Costs for sending money to Chile from Canada

  • Service fee. How much a money transfer service charges for sending money to Chile depends on several factors, including how much is being sent, how it will be delivered, and how the transaction is being funded.
  • Collection fee. A one-off charge for the recipient's ability to collect money from an approved location.
  • Delivery fee. A one-off charge to have cash delivered to the recipient's address.
  • Cash advance fee. Funding the transfer with a credit card will typically attract the cash advance fee and interest rate.
  • Currency exchange rate. While not strictly a fee, a poor exchange rate affects the amount of money the recipient will receive.

Looking for other options?

Alternative ways to send money to Chile from Canada

There are many ways to send money to Chile apart from international money transfer services. Here are some options to consider.

  • Bank transfer. A bank transfer is when you instruct your bank to send money from your account to another person or business’s account. This is also called a wire transfer. You can do this online, by phone, or in person at a branch. Fees and delivery times vary depending on the country and the bank.
  • Crypto. Sending a stablecoin to the recipient is a cheap and fast option. They can choose whether to keep it in their wallet or withdraw fiat currency to a linked bank account.
  • Money orders. A money order is one of the oldest ways of transferring funds across borders, but it is comparatively slow.
  • Money transfer services. A fast option worth considering if you or the recipient have no bank account or you want to use cash. Locations in most large towns and cities, but exchange rates are not the most competitive.
  • Prepaid cards. An option for small amounts, but limits on how much can be loaded and how much can be withdrawn in one go or within a day rule out prepaid cards for large amounts.

Still not sure?

FAQs

How long does it take for money sent from Canada to arrive in Chile?

The time frame will depend on the method used to send the money. For example, a bank transfer can take a few days, while money sent with a money transfer service can arrive within minutes.

Can I send money to Chile if the recipient has no bank account?

Yes. You can still send money through a transfer service if the recipient has no bank account. The sender can configure the money transfer so the recipient can collect cash from a specific location, or a courier can deliver the cash. Alternatively, you could use a money order, send crypto, or even send a prepaid card.

Is it safe to send money to Chile from Canada?

Yes, sending money to Chile from Canada is safe when you use a reputable company. We only list established money transfer services on Finty.

Can I send a money order to Chile from Canada?

Yes, purchasing a money order in Canada and sending it to Chile via postal mail or tracked courier is possible. The recipient can then cash the money order at a bank, credit union, local post office, etc.

Can I use my credit card to send money to Chile from Canada?

Yes. You can fund a money transfer to Chile with a credit card. However, your credit card issuer may charge a cash advance fee since the transaction will most likely be classified as a cash equivalent. Additionally, the transaction will immediately incur interest at the cash advance rate.

Can I send cryptocurrency to Chile from Canada?

Yes, cryptocurrencies such as Bitcoin and Ethereum can be sent to Chile from Canada. The recipient can then choose whether to sell the crypto for cash or use it to transact in stores and with people who accept it.