Opening A Bank Account

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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » Sun Dec 01, 2019 6:00 pm

admin wrote:
Sun Dec 01, 2019 5:29 pm
tiagoabner wrote:
Sun Dec 01, 2019 5:17 pm
Britkid wrote:
Sun Dec 01, 2019 5:02 pm
However, from a broader point of view thinking about all society, maybe you and I should be paying taxes to support the less well off. So if that's a factor in your thinking then fair enough.
You saw the angle I'm going for right away, ha! Also, I've accounted for the taxes I'll need to pay and for the time I would need to chase banks all over the place in my calculations. All Chileans that learned that I am currently enjoying a tax holiday gave me the shifty eye during my recent apartment hunt.
Yea chileans don't know what is in their constitution. Not knowing what is in that obscure tax law, I have to cut them a little slack on that one.
You're right, but some of them got outright angry when they learned about it. Of course I wasn't floundering it around, but it was needed during the apartment hunting process when the agents asked why the heck don't I pay taxes in Chile.

Anyway, Chilean income tax are laughably low, so I might as well pay them to avoid awkward moments down the line.
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Britkid
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Re: Opening A Bank Account

Post by Britkid » Sun Dec 08, 2019 11:42 am

When I opened the account at Banco de Chile, they tried to get me to add a paid monthly insurance against cybersecurity issues and so on, which I declined, even though she pushed it quite hard (presumably on commission). Is not having this security something I should be worried about? I'm assuming if someone steals money from our account, and I wasn't obviously negligent, like wrote down my PIN on a piece of paper or clicked on a link emailed to me from a fraudster, that they'll probably refund it in the same way they probably would in the UK? And the insurance is just to cover the cases of obvious negligence when the bank wouldn't normally pay out?

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41southchile
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Re: Opening A Bank Account

Post by 41southchile » Mon Dec 09, 2019 7:06 am

Britkid wrote:
Sun Dec 08, 2019 11:42 am
When I opened the account at Banco de Chile, they tried to get me to add a paid monthly insurance against cybersecurity issues and so on, which I declined, even though she pushed it quite hard (presumably on commission). Is not having this security something I should be worried about? I'm assuming if someone steals money from our account, and I wasn't obviously negligent, like wrote down my PIN on a piece of paper or clicked on a link emailed to me from a fraudster, that they'll probably refund it in the same way they probably would in the UK? And the insurance is just to cover the cases of obvious negligence when the bank wouldn't normally pay out?
If it's like Santander it also covers things like tampering of ATMs where they skim and clone your card, (normally done by visiting eastern European criminals ) if you have that happen you get money back nearly straight away, without it, you take your chances and takes longer but you'll still get money back normally. It is a ripoff I think, banks need to take more responsibility for their security.
“Facts do not cease to exist because they are ignored.”

Jamers41
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Re: Opening A Bank Account

Post by Jamers41 » Mon Dec 09, 2019 10:29 am

Britkid wrote:
Sun Dec 08, 2019 11:42 am
When I opened the account at Banco de Chile, they tried to get me to add a paid monthly insurance against cybersecurity issues and so on, which I declined, even though she pushed it quite hard (presumably on commission). Is not having this security something I should be worried about? I'm assuming if someone steals money from our account, and I wasn't obviously negligent, like wrote down my PIN on a piece of paper or clicked on a link emailed to me from a fraudster, that they'll probably refund it in the same way they probably would in the UK? And the insurance is just to cover the cases of obvious negligence when the bank wouldn't normally pay out?
It's supposed to be for a quick reimbursement of $$$ if you get hit by card skimmers, fraudsters or even just general unauthorized use of your card and thus account funds (for example your estranged wife figures out your card's PIN and goes on a trip to Jamaica without spending a peso of her own money). I pay roughly $2500 a month for this "insurance", and I've used it on occasion. I guess if I wanted to get really creative and dishonest I could make a big, unusual purchase and then claim that my card was stolen and in theory I should get the money back.

As far as your adventures with opening a current account go, from what it sounds like that's what you now have at Banco de Chile, so unless you're afraid they'll change their mind and suddenly close the account on you, I would just go with that and start building a credit history by paying back the use of credit on time. An account with a credit line is the "real deal" here in Chile to banks. Once the bank(s) start(s) to see that your income is quite real and that your financially responsible behavior is too, after say 6 months or a year, you should start getting offers for more credit and/or better banking terms from other financial institutions. If you're still satisfied with Banco de Chile at that point, you can just ignore the other banks and make them "suffer" for never taking you seriously before 8)

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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » 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.

Any feedback on this is highly appreciated.
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scandinavian
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Re: Opening A Bank Account

Post by scandinavian » Sat Jul 11, 2020 11:37 pm

Have you tried a virtual one? MACH or the one from Santander (can't remember the name). Supposedly instant with no need to go to a bank to open account

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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » Sun Jul 12, 2020 11:44 am

scandinavian wrote:
Sat Jul 11, 2020 11:37 pm
Have you tried a virtual one? MACH or the one from Santander (can't remember the name). Supposedly instant with no need to go to a bank to open an account.
I have opened "digital accounts" with Mach and Check recently. BancoEstado also limits ou to $200.000 when making purchases online, which was a limiting factor when buying appliances, so I got these two as a workaround for that. However, my BancoEstado somehow limits me to $100.000 transfers when sending money to either of these. This isn't their "the first transfer can only be up to $100.000" restrictions, it's something else. Their customer service line is a shitshow and no one was able to help me find out why I wasn't able to make larger transfers to Check and Mach, and fighting over this simply isn't worth my time.

I've used the $1.000.000 monthly limit for Mach this month already, so I'll give it a shot next month. If SII's WebPay interface lets me pay the "retenciones" with Mach, then I'm gold. Not all services accept Mach, though, but hopefully, I should be good to go.
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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » Tue Aug 25, 2020 9:05 pm

Interestingly enough, while making a payment with BancoEstado today I noticed that the purchase limit had increased from $200.000 to $400.000. I'll try to pay my "retenciones" using it this Friday to check if it works. If it does, then I can postpone getting a new bank account until after the pandemic. I'll report back in a few days.
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adamhos
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Re: Opening A Bank Account

Post by adamhos » Wed Aug 26, 2020 1:02 pm

tiagoabner wrote:
Sat Jul 11, 2020 10:03 pm
Did anyone try to open an account after the pandemic began?
I opened an account right when the quarantine started at Banco de Chile. They did everything by courier, I never visited any branch

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Re: Opening A Bank Account

Post by scandinavian » Wed Aug 26, 2020 1:19 pm

tiagoabner wrote:
Tue Aug 25, 2020 9:05 pm
Interestingly enough, while making a payment with BancoEstado today I noticed that the purchase limit had increased from $200.000 to $400.000. I'll try to pay my "retenciones" using it this Friday to check if it works. If it does, then I can postpone getting a new bank account until after the pandemic. I'll report back in a few days.
Didn't they also increase max amount permitted in the account? In relation to the 10% AFP being paid into Banco estado accounts.

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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » Mon Aug 31, 2020 12:11 pm

tiagoabner wrote:
Tue Aug 25, 2020 9:05 pm
Interestingly enough, while making a payment with BancoEstado today I noticed that the purchase limit had increased from $200.000 to $400.000. I'll try to pay my "retenciones" using it this Friday to check if it works. If it does, then I can postpone getting a new bank account until after the pandemic. I'll report back in a few days.
I'm reporting back on this. Now that BancoEstado increased their limits, I've been able to pay my taxes and my AFP contributions online. So I won't need to get a new bank account for now, which is a huge win in my books.
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tiagoabner
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Re: Opening A Bank Account

Post by tiagoabner » 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.
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