So, getting Scotia for now but in half a year I want to try switching to Banco Falabella's "cuenta corriente". It's much easier to achieve zero monthly cost there (deposit $500k/mo or pay 8 times with a card) but they require 2 years of work history for independents, so I think we'll need another yearly tax declaration.
I've heard that Falabella has better overall discounts, CMR points, etc. Also, their branches work until 7-8pm!
My only fear is that I was planning to take a very big (to me...) chunk of money from an apt sale back to Canada and for various reasons, one being a poor exchange at the moment, i have left it at Falabella in CDs.
So my fear is whether Banco Falabella is a real bank or if it could fail. I know that the amount of deposit insurance is a joke.
I just checked the monthly bank report from CMF and Falabella's "Cartera con morosidad de 90 días o más" and "Cartera deteriorada" are 7.28% from the total assets, same as in BancoEstado:
- 2.17% — BICE
- 2.99% — Banco de Chile
- 4.13% — Bci
- 4.49% — Scotiabank
- 4.73% — Security
- 5.53% — Itaú
- 5.73% — Santander
- 6.70% — Internacional
- 7.38% — BancoEstado
- 14.57% — Ripley (and it is still alive!)
In this bank or in Chilean banks in general?