Best Way to Send Money from Israel 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 Israel to Chile in 2026?
Hover any card to see exactly what it costs you.
How has the ILS/CLP exchange rate changed recently?
vs Traditional Banks
You save up to CLP 63075
on a ILS 3,700 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
Sending money from Israel to Chile doesn't have to be expensive or slow. Digital providers now beat traditional banks by 3-8% on the ILS to CLP exchange rate, with delivery options ranging from instant wallet credits to economy bank transfers.
In Chile, recipients can access funds directly at Banco de Chile, the country's largest financial institution. By using Revolut instead of a traditional bank wire, your recipient gets approximately 13,200 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: Compare the total cost (flat fee plus exchange rate markup) across Wise, Remitly, and WorldRemit before every transfer — the cheapest provider on this corridor changes week to week.
Step 1: Understand the ILS to CLP Corridor
Before initiating your first transfer, take a moment to understand who uses this route. The Israel-to-Chile corridor is primarily used by Chilean expats working in Tel Aviv's tech sector sending money home to family, Israeli investors funding South American real estate ventures, and small business owners paying suppliers in Santiago. Volume is modest compared to USD corridors, which means rates can vary significantly between providers — making your choice of platform critical.
Step 2: Identify the Two Hidden Fee Types
Open any provider's quote screen and you'll see two cost components, even if only one is labeled. First, the flat transfer fee, usually displayed upfront and ranging from $1 to $15. Second, and far more important, the exchange rate markup — the difference between the mid-market rate (what you'd see on Google) and the rate the provider offers you. Always compare the rate you're quoted against the live ILS/CLP mid-market rate. A "zero fee" promotion often hides a 3-5% markup, which on a 5,000 ILS transfer costs you more than a $10 flat fee with a fair rate.
Step 3: Choose a Digital Provider Over Your Bank
Walk into Bank Hapoalim or Bank Leumi and you'll typically pay a 3-8% margin on the exchange rate plus a wire fee of 50-150 ILS. Digital providers like Wise, Remitly, Revolut, and WorldRemit beat this consistently because they aggregate volume and operate without branch overhead. Wise tends to offer the tightest spread on the ILS-CLP pair (often within 0.5% of mid-market), while Remitly and WorldRemit run promotional rates for first transfers. Revolut works well if you already hold a multi-currency account in Israel.
Step 4: Pick Your Speed Tier
Most providers offer two delivery options. Choose "instant" or "express" (typically 0-2 hours, sometimes a small premium fee) when sending emergency funds, paying a time-sensitive bill, or locking in a favorable rate before market movement. Choose "economy" (1-3 business days) for routine remittances, rent payments, or any non-urgent transfer — the savings on the spread alone often justify the wait.
Step 5: Confirm the Receiving Setup in Chile
The two largest receiving banks in Chile are Banco de Chile and Santander Chile, and most digital providers deliver directly to accounts at these institutions without intermediary fees. Beyond traditional banks, 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 your recipient needs immediate access without waiting for bank processing windows. Confirm with your recipient which option they prefer before initiating the transfer.
Step 6: Comply With Regulatory Requirements
Standard banking regulations apply for sending from Israel to Chile. You'll need to verify your identity with your provider (passport or Israeli ID), and for transfers above roughly 50,000 ILS, expect to provide proof of source of funds. On the Chilean side, the recipient may need to declare large incoming transfers to the Servicio de Impuestos Internos if amounts exceed standard reporting thresholds.
Step 7: Optimize Your Timing and Amounts
- Send during weekday business hours (Israel time, Sunday-Thursday) when both Tel Aviv and Santiago FX desks are active — weekend rates carry wider spreads.
- Watch the threshold tiers: many providers reduce their percentage fee on transfers above 1,000 ILS or 5,000 ILS, so consolidating two small transfers into one often saves money.
- Set up rate alerts on Wise or Revolut — the ILS/CLP pair can swing 2-3% within a single week, and timing your transfer to a favorable day adds real value on larger amounts.
- Avoid sending right before Chilean public holidays (especially Fiestas Patrias in September), when bank processing slows down.
Step 8: Verify and Save Your Transfer Details
Once submitted, save the tracking reference and share it with your recipient. If anything stalls beyond the quoted delivery window, contact support immediately rather than initiating a second transfer — duplicate sends create reconciliation headaches with Chilean banks.