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If you need to send money to Chile, you can save a lot of money by comparing international money transfer services first, especially when sending large amounts.
This guide can help you find a more cost-effective way of getting funds to your family and friends.
The table below shows a range of money transfer services. Just enter the amount you want to send and the table will do the maths and calculate the approximate fees and exchange rate on the amount you're sending.
Today's exchange rate AUD to CLP
Not all money transfer services are the same. Sometimes you can save a lot of money by comparing options carefully, especially if you don't mind a slower transfer.
Here's an example of how two money transfer companies compare head-to-head with a $1,000 transfer to Chile.
Money transfer service 1 | Money transfer service 2 | |
---|---|---|
Exchange rate | 1 AUD = 449.104 CLP | 1 AUD = 470.405 CLP |
Fee | $9 | $5 |
Transfer speed | Within minutes | 1–2 business days |
Total pesos received | CLP449,104 | CLP468,053 |
Receiver gets | CLP18,949 less | CLP18,949 more |
In this case, money transfer service 2 offers both lower fees and a better exchange rate than the other, which combines to make a total difference of almost CLP19,000. That's more than $40.
Today's exchange rate AUD to CLP
If you need to send cash in a hurry, such as if a travelling relative loses their wallet, it could be worth looking for the fastest way to send money to Chile.
Cash transfers are one of the fastest transfer methods and may be one of the only ways if someone is unable to access their bank account. They can often be ready to pick up within just a few minutes.
If you're sending an emergency cash transfer, it's important to consider the available pick-up points and make sure the recipient is able to get to one of them.
Sometimes you may have to pay more or use a slower option if it means choosing a more suitable pick-up location.
The Department of Foreign Affairs and Trade (DFAT) advises travellers to exercise normal safety precautions in Chile which means being cautious, especially when picking up or handling cash and in certain hotspots.
Learn more about using Chilean peso in Chile
Picture: Shutterstock
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