Best Way to Send Money from Germany to Chile
Because banks shouldn't hide your money in spreads.
We expose the real cost of every transfer — the spread, the fees, the delivery time — and rank providers by what actually lands in your recipient's account. No sponsored ordering. Ever.
Which provider is cheapest to send money from Germany to Chile in 2026?
Hover any card to see exactly what it costs you.
How has the EUR/CLP exchange rate changed recently?
vs Traditional Banks
You save up to CLP 76580
on a EUR 900 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
Sending euros to Chilean pesos doesn't have to mean losing money to hidden bank markups. This step-by-step guide shows you how to compare providers, time your transfer, and choose between bank deposits and digital wallets to maximize what arrives in CLP.
In Chile, recipients can access funds directly at Banco de Chile, the country's largest financial institution. By using Wise instead of a traditional bank wire, your recipient gets approximately 43,700 CLP more on a $1,000 transfer — because digital providers pass the real exchange rate directly. Worth knowing about the local currency: the $10,000 peso note features naval hero Arturo Prat and is printed with cotton fibre to last up to five years.
Our verdict: Skip your German bank, use Wise or Revolut for transfers under €5,000, and always compare the final CLP amount delivered — not the headline fee.
Step 1: Understand the EUR to CLP corridor before you send
The Germany-to-Chile corridor mostly serves Chilean professionals and students living in Germany sending money home, German expats supporting families or paying property expenses in Chile, and freelancers paying contractors in Santiago or Valparaíso. Standard banking regulations apply for sending from Germany to Chile, so you do not need special licenses or permits for personal transfers — just a valid ID, your IBAN, and the recipient's full name and Chilean RUT (tax ID). Before you send a single euro, write down three things: the amount in EUR, the recipient's bank or wallet, and your deadline. These three details determine which provider will be cheapest for you.
Step 2: Learn how providers hide their fees
Money transfer pricing has two layers, and you must check both. The first is the flat fee, usually shown upfront (€0 to €6 for digital providers, €15 to €40 for banks). The second is the exchange rate markup — the gap between the mid-market rate (what you see on Google) and the rate the provider gives you. This markup is invisible but it is where banks make most of their profit. To check it, open Google, search "EUR to CLP," then compare that number to the rate quoted by your provider. If the provider's rate is 2% worse, a €1,000 transfer loses €20 silently.
Step 3: Choose a digital provider over your bank
German banks like Deutsche Bank, Commerzbank, and Sparkasse typically apply exchange rate markups of 3% to 8% on EUR to CLP, plus SWIFT fees of €15 to €25, plus potential intermediary bank deductions. Digital providers — Wise, Remitly, Revolut, and WorldRemit — use the mid-market rate or add a markup under 1%. For a €2,000 transfer, switching from your bank to Wise typically saves €60 to €160. Open accounts on two providers, enter the same amount, and compare the final CLP figure the recipient will receive. That number is the only one that matters.
Step 4: Pick the right speed for your transfer
Most digital providers offer two tiers. Instant transfers (under 1 hour, sometimes seconds) cost slightly more and are best for emergencies, rent deadlines, or wallet top-ups. Economy transfers (1 to 3 business days) are cheaper and fine for routine support payments or planned expenses. If you are sending more than €5,000, the economy option saves meaningful money; if you are sending €200 for a birthday on Friday, pay for instant.
Step 5: Pick the delivery destination in Chile
You have two main options. Bank deposit: the two largest receiving banks in Chile are Banco de Chile and Santander Chile, and most digital providers can deliver directly to accounts at these institutions, usually within hours. Digital wallet: Chile's Fintechile ecosystem is the most developed in South America, with platforms like Mach and TENPO offering real-time wallet credits from international transfers — useful when the recipient is unbanked or needs the money in minutes. Ask the recipient which they prefer before you start the transfer.
Step 6: Time the transfer and apply the practical tips
The CLP is a volatile currency tied to copper prices and Latin American risk sentiment, so timing matters. Follow these rules:
- Transfer Tuesday through Thursday during European business hours — weekend rates from digital providers often include a buffer markup.
- Set rate alerts on Wise or Revolut for your target EUR/CLP level so you can move quickly when the rate spikes in your favor.
- For amounts above €2,500, check at least three providers — competition tightens at higher tiers and a single comparison can save you €40 or more.
- Avoid sending tiny amounts (under €100) frequently; flat fees eat the value. Batch into one monthly transfer instead.
- Keep the SWIFT/transfer confirmation until the recipient confirms arrival in CLP.
Step 7: Confirm and document
After the transfer settles, save the receipt with the exchange rate, fees, and final CLP amount. Use it as your benchmark for the next transfer. Over twelve months, a household sending €500 monthly typically saves €300 to €700 by sticking with one well-chosen digital provider rather than defaulting to their German bank.