Quick Summary Foreign debit cards in Chile: Scotiabank and BCI typically charge the lowest ATM fees. Wise and Charles Schwab cards are popular expat choices for zero-fee withdrawals. We had this topic in the old forum and I thought it is a good one to continue here. I was in downtown Temuco today…

Here is the breakdown of the transaction on the US side. Withdraw fee from non-network ATM: $1.00 Withdraw fee Visa Intl. Service: $3.54 Withdraw amount: $442.66 Chile Side Requested Amount: 400.000 CLP Access Fee: …

Actually ATM transactions are 9 out of 10 times the real-time mid-market rate which is in fact the wholesale bank rate. So it is worse than your post indicates. If the transaction was done before 12 UTC on the 30th, the real-time rate would nave been 991ish or so. 7.5% of 991 is approx. 916. So h…

Have another update. With a twist. In order to take a picture of the message for me, my friend tried it again today. Here is the screen copy. [BancoEstado-Msg]

But, this time they declined the conversion thinking the transaction would cancel too. It didn’t cancel the withdraw. They got money back, 400.000 What they saw on the US side was this: Withdram Non Network Fee: $1.00 Withdraw Fee Vias: $4.12 Withdraw amount: $412.…

7.5% markup resulting in 910 corresponds to 983ish which was the real time rate today around 11 am Chile time. The option to say “yes” or “no” to the markup is a freaking sick joke but I’m glad it appears to be “optional” for now.

I’ve stopped withdrawing cash unless I actually need cash. Now that Wise (formerly Transferwise) is only charging 1% for £UK to pesos (tends to be 1.0-1.1% at the moment), I think that’s a good deal. I just checked for $US to pesos and it was $88 (0.9%) to send $10,000, $11 (1.1%) to send $1,000 a…

What the heck? It is optional? Or is this one of those few times that chilean incompetence is beneficial? 7.5% is in insanity.

Yeah, press decline if you see it. Else you will be making a donation to the People’s Bank. I guess it is part of a plan to get more money out of foreigners here in Chile.

We have 13+ months for them to rape, pillage and destroy what is left. If Chileans that allowed this pension shit to happen don’t do anything and vote for their own demise, I might actually think about relocating elsewhere along with the property I fortunately never purchased.

Yes this is a bridge too far…7.5% on atm withdrawals in usd (if eventually made mandatory). Forget about it. Not only will it drive people like us away it will choke out the smart tourists that rely on atm’s for fair midmarket exchange rates and to avoid international transaction cc fees

ATM Fees in Chile for Foreign Cards — Which Banks Charge Least (2025)

Navigating Chile

Mendoza January 1, 2026, 5:14pm 38

Bytesurfer, did you see this thread: Wise is Now Cheaper Than Ever (1% Fees)

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ATM Fees in Chile for Foreign Cards — Which Banks Charge Least (2025)

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