Opening A Bank Account

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thisisreallycomplicated
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Re: Opening A Bank Account

Post by thisisreallycomplicated » Mon Sep 07, 2020 12:34 pm

tiagoabner wrote:
Sat Jul 11, 2020 10:03 pm
I've started to issue "boletas de honorarios" recently, but since my income is higher than USD $2,350, I can't pay the goddamn 10.75% retenciones online.
I've never had a problem paying taxes with my cuentaRUT. I pay through SII.cl, and it sets up the connection to Banco Estado.
“Now it’s conspiracy – they’ve made that something that should not even be entertained for a minute, that powerful people might get together and have a plan. Doesn’t happen, you’re a kook, you’re a conspiracy buff!” – George Carlin

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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » Mon Sep 07, 2020 1:35 pm

thisisreallycomplicated wrote:
Mon Sep 07, 2020 12:34 pm
tiagoabner wrote:
Sat Jul 11, 2020 10:03 pm
I've started to issue "boletas de honorarios" recently, but since my income is higher than USD $2,350, I can't pay the goddamn 10.75% retenciones online.
I've never had a problem paying taxes with my cuentaRUT. I pay through SII.cl, and it sets up the connection to Banco Estado.
It's working for me now, so there's that. BancoEstado has always been very unreliable for me, though.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » Mon Sep 07, 2020 1:44 pm

tiagoabner wrote:
Mon Sep 07, 2020 12:21 pm
Given that I had the day pretty much free due to the holiday, I'm giving it a shot today. I'm trying to get a Cuenta Vista at Banco de Chile, and I'll give Santander a shot if things don't work out here.
I went to Banco de Chile today. They have moved opening Cuenta Vistas out of my local branch to a branch in Reñaca. They were also not opening "cuentas de fondos mutuos" there.

I have tried to open a Cuenta FAN through them, which is their online cuenta vista, but their code is shit and the website hangs up midway through the process. The executive then tried it on her and and it also didn't work. So Banco de Chile won't work for me.

I passed by Santander on my way back home, but they were quite packed. So I "noped" out real quick. I may give it a go at Scotiabank in a few days, or at Santander - if I see it with smaller lines. From what I gathered, these are the banks that may be more welcome to opening an account to a foreigner.

I'll continue to report back.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

thisisreallycomplicated
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Re: Opening A Bank Account

Post by thisisreallycomplicated » Mon Sep 07, 2020 1:53 pm

tiagoabner wrote:
Mon Sep 07, 2020 1:35 pm
thisisreallycomplicated wrote:
Mon Sep 07, 2020 12:34 pm
tiagoabner wrote:
Sat Jul 11, 2020 10:03 pm
I've started to issue "boletas de honorarios" recently, but since my income is higher than USD $2,350, I can't pay the goddamn 10.75% retenciones online.
I've never had a problem paying taxes with my cuentaRUT. I pay through SII.cl, and it sets up the connection to Banco Estado.
It's working for me now, so there's that. BancoEstado has always been very unreliable for me, though.
Their website does have some issues, but so far I haven't seen any accounting problems. All of my pesos have ended up in the right place.
“Now it’s conspiracy – they’ve made that something that should not even be entertained for a minute, that powerful people might get together and have a plan. Doesn’t happen, you’re a kook, you’re a conspiracy buff!” – George Carlin

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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » Mon Sep 07, 2020 2:23 pm

thisisreallycomplicated wrote:
Mon Sep 07, 2020 1:53 pm
tiagoabner wrote:
Mon Sep 07, 2020 1:35 pm
thisisreallycomplicated wrote:
Mon Sep 07, 2020 12:34 pm
tiagoabner wrote:
Sat Jul 11, 2020 10:03 pm
I've started to issue "boletas de honorarios" recently, but since my income is higher than USD $2,350, I can't pay the goddamn 10.75% retenciones online.
I've never had a problem paying taxes with my cuentaRUT. I pay through SII.cl, and it sets up the connection to Banco Estado.
It's working for me now, so there's that. BancoEstado has always been very unreliable for me, though.
Their website does have some issues, but so far I haven't seen any accounting problems. All of my pesos have ended up in the right place.
My main issue is with the limits, not with their old interface. It is really annoying that I can't - say - buy a sofa that costs more than $400.000 because I'm not a big boy and BancoEstado feels that it would be irresponsible of me to make such a large purchase online.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

thisisreallycomplicated
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Posts: 2259
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Re: Opening A Bank Account

Post by thisisreallycomplicated » Mon Sep 07, 2020 2:28 pm

tiagoabner wrote:
Mon Sep 07, 2020 2:23 pm
thisisreallycomplicated wrote:
Mon Sep 07, 2020 1:53 pm
tiagoabner wrote:
Mon Sep 07, 2020 1:35 pm
thisisreallycomplicated wrote:
Mon Sep 07, 2020 12:34 pm
tiagoabner wrote:
Sat Jul 11, 2020 10:03 pm
I've started to issue "boletas de honorarios" recently, but since my income is higher than USD $2,350, I can't pay the goddamn 10.75% retenciones online.
I've never had a problem paying taxes with my cuentaRUT. I pay through SII.cl, and it sets up the connection to Banco Estado.
It's working for me now, so there's that. BancoEstado has always been very unreliable for me, though.
Their website does have some issues, but so far I haven't seen any accounting problems. All of my pesos have ended up in the right place.
My main issue is with the limits, not with their old interface. It is really annoying that I can't - say - buy a sofa that costs more than $400.000 because I'm not a big boy and BancoEstado feels that it would be irresponsible of me to make such a large purchase online.
Yeah, the limits are a problem. I don't like the 3.000.000 maximum balance.
“Now it’s conspiracy – they’ve made that something that should not even be entertained for a minute, that powerful people might get together and have a plan. Doesn’t happen, you’re a kook, you’re a conspiracy buff!” – George Carlin

GAminer
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Re: Opening A Bank Account

Post by GAminer » Mon Sep 07, 2020 2:28 pm

tiagoabner wrote:
Mon Sep 07, 2020 1:44 pm
tiagoabner wrote:
Mon Sep 07, 2020 12:21 pm
Given that I had the day pretty much free due to the holiday, I'm giving it a shot today. I'm trying to get a Cuenta Vista at Banco de Chile, and I'll give Santander a shot if things don't work out here.
I went to Banco de Chile today. They have moved opening Cuenta Vistas out of my local branch to a branch in Reñaca. They were also not opening "cuentas de fondos mutuos" there.

I have tried to open a Cuenta FAN through them, which is their online cuenta vista, but their code is shit and the website hangs up midway through the process. The executive then tried it on her and and it also didn't work. So Banco de Chile won't work for me.

I passed by Santander on my way back home, but they were quite packed. So I "noped" out real quick. I may give it a go at Scotiabank in a few days, or at Santander - if I see it with smaller lines. From what I gathered, these are the banks that may be more welcome to opening an account to a foreigner.

I'll continue to report back.

I have had a cuenta vista with Santander for 3 years now, so far no issues. Not sure what the limits are, but when was I working I received my direct deposit there. Itau might be a good option?

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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » Wed Sep 16, 2020 10:42 am

tiagoabner wrote:
Mon Sep 07, 2020 1:44 pm
tiagoabner wrote:
Mon Sep 07, 2020 12:21 pm
Given that I had the day pretty much free due to the holiday, I'm giving it a shot today. I'm trying to get a Cuenta Vista at Banco de Chile, and I'll give Santander a shot if things don't work out here.
I went to Banco de Chile today. They have moved opening Cuenta Vistas out of my local branch to a branch in Reñaca. They were also not opening "cuentas de fondos mutuos" there.

I have tried to open a Cuenta FAN through them, which is their online cuenta vista, but their code is shit and the website hangs up midway through the process. The executive then tried it on her and and it also didn't work. So Banco de Chile won't work for me.

I passed by Santander on my way back home, but they were quite packed. So I "noped" out real quick. I may give it a go at Scotiabank in a few days, or at Santander - if I see it with smaller lines. From what I gathered, these are the banks that may be more welcome to opening an account to a foreigner.

I'll continue to report back.
I'm reporting back on this just in case this information ends up being relevant for someone else.

I've tried my local Santander branch and they're not opening Cuenta Vista there. They sent me to open a Santander Life account online. I did that at the bank branch and got an error message at the beginning of the process, and I also got a phone number to call to get support. The first thing that I was informed when I called that phone number (22 320 3050) is that their Cuenta Vista is currently available for those with permanent residency. When I relayed this information to the bank rep at Santander, she shrugged and said the equivalent of "sucks to be you, then". Sooo... that didn't work out.

I also went to Scotiabank a few days back. They informed me that they do have a bank account available for foreigners that have temporary residency only, but they were switching systems as they were switching from a "Scotiabank Digital Extranjeros Nueva" account type to a "ScotiaLight Tradicional" account. I got the number from the bank rep and I'll give it another go next week.

CrediChile claims to have a Cuenta Vista account available at their website and they have directed me to go to a bank branch to open it. There are no branches that I can go to that wouldn't make me cross into a quarantined zone, so I'm going to give them a go only if things don't work out with ScotiaBank.

BCI has a Cuenta Vista account, but when I went to the bank branch, I was given a phone number that I could call to get more info on their Cuenta Vista. As soon as I called that number, I was informed that I needed to go to a bank branch to open a Cuenta Vista. The bank rep shrugged at me and that was it.

BancoEstado supposedly has a Cuenta Vista, but their bank branches have been pretty packed as of late. I'll hit them if I don't manage to get things to work out at ScotiaBank or CrediChile.

[EDIT]

Here's a link to a leaflet from ScotiaBank detailing how the "ScotiaLight Tradicional" account will work out: https://scotiabankfiles.azureedge.net/s ... 1598629279

I have no affiliation with them, and I'm linking this here just in case there's anyone else out there having trouble with trying to find info on their Digital Extranjeros Nueva account, which they retired on early September 2020.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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snobrd4life
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Re: Opening A Bank Account

Post by snobrd4life » Wed Sep 16, 2020 12:19 pm

Definitely feeling for your tiagoabner...

I am in the opposite boat right now. I have a cuenta vista with Itau (have you tried them?) that I am trying to close. Not easily done outside of Chile, without a valid carnet or residency of any kind. Meanwhile I get to continue paying $5.000 a month for the privilege to receive incoming transfers and only make outgoing transfers to third parties that I registered years ago before all of the 2FA started.
ese ruido blanco es una alarma en mis oídos
Not in Chile for now, but still lurking.

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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » Wed Sep 16, 2020 12:32 pm

snobrd4life wrote:
Wed Sep 16, 2020 12:19 pm
Definitely feeling for your tiagoabner...

I am in the opposite boat right now. I have a cuenta vista with Itau (have you tried them?) that I am trying to close. Not easily done outside of Chile, without a valid carnet or residency of any kind. Meanwhile I get to continue paying $5.000 a month for the privilege to receive incoming transfers and only make outgoing transfers to third parties that I registered years ago before all of the 2FA started.
BBVA, Itaú, Falabella, and Ripley only have branches within the quarantine zone. I'll give them each a shot one at a time if things don't work out with the other banks that I mentioned in my initial post. Although I'm not sure that I want to deal with Itaú, based on your report. :lol:
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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snobrd4life
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Re: Opening A Bank Account

Post by snobrd4life » Wed Sep 16, 2020 1:00 pm

tiagoabner wrote:
Wed Sep 16, 2020 12:32 pm
Although I'm not sure that I want to deal with Itaú, based on your report. :lol:
I don't think it is necessarily an Itau thing. You can't do almost* anything official in Chile without a valid carnet. In my case, I consider myself fortunate that since there is no auditing process in place for online banking I was able to continue receiving rent from my tenant and pay my mortgage long after I stopped being a resident with a valid carnet.

*I was able to get my 10% (actually more) from AFP deposited to the cuenta vista account about a month ago using the serial number from my last expired carnet. That was an unexpected surprise.

Your mileage may definitely vary...
ese ruido blanco es una alarma en mis oídos
Not in Chile for now, but still lurking.

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Space Cat
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Re: Opening A Bank Account

Post by Space Cat » Mon Sep 21, 2020 10:01 am

tiagoabner wrote:
Sat Jul 11, 2020 10:03 pm
Did anyone try to open an account after the pandemic began? I've started to issue "boletas de honorarios" recently, but since my income is higher than USD $2,350, I can't pay the goddamn 10.75% retenciones online. Webpay doesn't take my foreign cards, and the amount is over $200.000, so my Cuenta RUT doesn't do the trick. I've been paying them at a nearby Banco de Chile branch, but I would rather avoid that, given that both me and my wife are in the risk group.

From what I've read both here and at the bank websites, Scotiabank may be my best shot. Whatever account I can get works, as long as it has a payment limit higher than Banco Estado's $200.000 limit for Cuenta RUT.
Before getting an account in Scotiabank, I'd been paying 10.75% from CuentaRUT and still pay it from there at times. As I understood, the CL$200,000 limit does not apply to the payments to the Treasury but only card payments and 3rd party transfers.

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