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Chilean pesos for someone in Santiago
The people sending from Berlin and Frankfurt to Chile tend to know exactly what the recipient needs in Chilean pesos. A rate that moves between send and settlement breaks that.
Grey fixes the EUR to CLP rate when you confirm and pays into Banco de Chile, BancoEstado, Santander Chile, BCI or any Chilean bank. Spain and Germany have deep ties with Chile, and European firms pay Chilean contractors in pesos.
How sending to Chile works
Sign up
Download Grey, verify with your passport or Aufenthaltstitel, and you're set in a few minutes. Grey works with regulated partners in the EU.
Fund
Send euros to your Grey balance by SEPA transfer from any German bank. Hold it there, and convert to CLP only when the payment to Santiago is due.
Send
Chile asks for the recipient's RUT alongside their bank and account number. Enter all three, confirm the CLP amount, and send.
The cost of a transfer to Santiago
Grey shows one rate, EUR to CLP, and one fee. Both are fixed before you send from Berlin. The amount that reaches Santiago matches what you were shown.
What you agree is what arrives
The rate you accept in Berlin is the rate applied. Movements in either currency afterwards don't touch what arrives at Banco de Chile, BancoEstado, Santander Chile, BCI.
Ask a bank to send Chilean pesos and you'll usually be told to send dollars and let the recipient sort it out. That pushes the cost onto the person in Santiago.
What German senders put up with before
Banks in Chile charge receiving fees on international wires and sometimes hold them for review. A payment from Berlin that lands as a domestic CLP credit at Banco de Chile, BancoEstado, Santander Chile, BCI clears faster and arrives whole.
How it lands in Santiago
The person in Santiago gets what they'd get from a local transfer: CLP credited to their account at Banco de Chile, BancoEstado, Santander Chile, BCI. No collection, no code, no receiving fee. Confirmation shows in your app in Berlin at the same time.
Banco de Chile and the rest
Every bank in Chile is covered, from the big names to regional ones.
Domestic credit
Your recipient sees a normal CLP deposit, not an international wire.
Confirmation in Berlin
The app in Germany shows settled the moment Santiago receives it.
Funding from Germany, in practice
Funding from Frankfurt for a transfer to Santiago works like this. German senders fund by SEPA from Deutsche Bank, Commerzbank, Sparkasse or N26. The euro balance sits on Grey until a payment is due. Convert to CLP when a payment to Banco de Chile is due, not before.
Top up once
Move a month's worth of euros in and send to Santiago as needed.
Earn in foreign currency?
Send from that balance and avoid a double conversion.
Convert on the due date
Hold euros, convert to CLP when the payment is actually due.
If the CLP amount matters more than the EUR amount, enter the CLP figure first and let Grey work back to what you'll pay.
Who this route is for
Trade
Payments to Chilean exporters of wine, fruit and mining services.
Students
Living costs for students at Universidad de Chile, PUC and Universidad de Concepción.
Freelancers and contractors
Payments to Chilean developers, designers and consultants in pesos.
Family
Support for relatives in Santiago, Valparaíso and Concepción.
Three kinds of sender use this route from Berlin: families with someone in Santiago, parents of students, and businesses with a supplier or contractor in Chile. Spain and Germany have deep ties with Chile, and European firms pay Chilean contractors in pesos.
What Grey does differently on this route
If you send to Santiago regularly from Berlin, the difference between a good rate and a bad one isn't felt on one transfer. It's felt at the end of the year.
Same-day CLP into any bank in Chile for most funded transfers from Berlin, with the cost on screen before you send. [VERIFY CLP local payout live: Notion DB says No, Slack May 12 says testing complete]
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