How to open a bank account in Chile

Opening a local bank account in Chile is not an easy task. Before receiving the Chilean ID card it is nearly impossible. Many banks will only allow foreigners to open an account once they have a permanent residency status. With a temporary residence ID card some banks may be willing to open an account with a referral of an existing good customer. The kind of account depends mainly on the fact if Chilean income can be proved up to a certain amount.
Once the bureaucratic process has been mastered the customer can enjoy a good personal service and modern online handling of most financial needs.