Chile Forum

Hi All! New to the forums and have a few questions about bringing money into Chile.

I know that your suppose to declare if your bringing more than $10,000 cash into Chile (as it says on the paperwork on the plane). I´m very curious to know what happens if you happen to bring more than $10,000 into Chile and you declare it on the form, (lets say $15k cash) will I have to pay a tax when I arrive to the airport, or is it completely not allowed? I rather not have the TSA look through my suitcase to find US dollars and think Im doing something strange!

I am going to be moving to Chile in about 4 months and will need to bring about $30,000 US (no more than $45,000 I think). To purchase a car, furniture for apartment, etc., etc. I know that usually to withdraw in Chile in a ¨Banco de Chile¨ it costs about 2.500 CLP for each transaction and then I need to pay the international fee as well. That 2.500 CLP fee probably doesn´t apply to a $15,000.00 withdrawl. Aside from the large purchase at first, I would be just taking out about $100.000 CLP every week for groceries and small bills, so I won´t need to take out all the money at first. I dont really mind paying 2.500 every week or two...

Also, where would I go to change that first large sum of USD to CLP?

Can anyone give me some sort of advice as to what I should do to bring money into the country and then withdraw? Thank You!!!

One thing you should bear in mind if you bring cash into Chile is that when you go to deposit it or change it, they are very fussy about the quality of the notes; particularly banks. I´ve had problems in the past in a couple of banks just because for example a bill had a tiny tiny tear in it they wouldn´t take it, so in the end I had to go to a casa de cambio were they aren´t always that strict. There is no tax when you bring money into Chile, you just need to declare that´s all. It isn´t recommendable to carry that amount of cash on your person. I imagien the car dealer will give you a strange look when you turn up with a whole load of billetes ; he´ll probably think they are forged!

Search sucks especially advanced search. Do not even attempt to use the search feature as you will not even come close to finding any answer to your questions.

Or you can bow down to the second tier info gods.

Choice is yours.

chopping wood
in the cold rain

mud and water
mixed together

planting a tree
broken by storm

pretty soon
its dry and dead

for what use
is the search feature

eeuu is the kindest person
on this planet

regardless of rain

cheers

You need to declare the money on the way out or it can be "Arrested" before you get on the plane. Call US Customs, sometimes they want to count it; that can take time. Find out what they will take your word for and what they want to see. If you're withdrawing it from the bank, take the withdrawal slips with you to verify the source of funds.
Like anything, the more information and paperwork you have, the less chance of a problem.
The majority of US currency exists outside the USA and a lot of it is counterfeit. Everyone is correct when they say it is hard to spend or exchange bills that have been written on or are torn, or look worn.
Oh, don't fall asleep on the plane, and stop grabbing at your pockets!

Zenth wrote:You need to declare the money on the way out or it can be "Arrested" before you get on the plane. Call US Customs, sometimes they want to count it; that can take time. Find out what they will take your word for and what they want to see. If you're withdrawing it from the bank, take the withdrawal slips with you to verify the source of funds.
Like anything, the more information and paperwork you have, the less chance of a problem.
The majority of US currency exists outside the USA and a lot of it is counterfeit. Everyone is correct when they say it is hard to spend or exchange bills that have been written on or are torn, or look worn.
Oh, don't fall asleep on the plane, and stop grabbing at your pockets!

It is actually simple EXCEPT for determining where to drop off the REQUIRED TREASURY form. Depending on airport and itinerary, this may or not be a problem.

(1) Fill out the form.
(2) Research depending on your itinerary WHERE YOU SUBMIT THE FORM. There is usually a CBP office/kiosk/whatever at the "international" airport of your outgoing itinerary. NEVER rely on airline people to submit the form of your behalf.

Suerte.

eeuunikkeiexpat wrote:Search sucks especially advanced search. Do not even attempt to use the search feature as you will not even come close to finding any answer to your questions.

Or you can bow down to the second tier info gods.

Choice is yours.

Gee thanks for the obvious.

For the record, I did use the search feature and wasnt able to find anything. Sorry!