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How to Process Local Payouts to Chile (CLP) via Local Bank Transfer Using Stablecoins

Cross-Border Payments
Local bank transfer payouts to Chile in CLP funded by USDC, with Chile transfer and CuentaRUT stats

Your new contractor in Santiago sent a RUT, a bank name and a cuenta vista number. Your bank wants a SWIFT code, an intermediary bank and several days of waiting.

Local bank transfer payouts to Chile with stablecoin settlement cut that out. You fund in USDC or USD, lock a quote, and your recipient gets Chilean pesos (CLP) in their own bank account.

The demand keeps growing. Chile exported a record US$107,004 million in goods in 2025 and imported US$92,662 million, according to SUBREI. Every one of those trade lanes has suppliers, agents and contractors to pay.

This guide covers why Chile payouts get stuck, how the stablecoin-funded flow works and which recipient details you need. It then walks through your first CLP payout by dashboard and by API.

Why Paying Out in Chile Is Harder Than It Should Be

Chile’s domestic transfer network is fast and almost universal. The friction sits at the border, before your money ever reaches it.

International wires are expensive. Sending small amounts abroad costs an average of 6.36% of the amount sent, according to the World Bank. On a US$30,000 monthly contractor payroll, that average would cost you US$1,908 every month. We break down more of these costs in the hidden costs of international payments.

Dollars do not move between Chilean banks electronically yet. Interbank electronic transfers in dollars are still a project in progress, according to the general manager of the CCA, Chile’s automated clearing house. A dollar payment to Chile still travels as a wire.

Bulk payment files run overnight. Chile’s mass bank payments (abonos masivos) currently run in batch mode with overnight processing, per the same interview. A payroll file sent in the afternoon pays out the next morning.

Account formats trip up foreign senders. The CuentaRUT account number is the holder’s RUN without the check digit, per ChileAtiende. Foreign forms that expect an IBAN have no slot for any of this.

Local Bank Transfer Payouts to Chile with a Stablecoin Layer: How It Works

Yativo is payment infrastructure, not a bank. We use stablecoins as the settlement layer between your balance and Chile. A licensed local payout partner then delivers the pesos on the ground.

  1. You fund your Yativo float balance with a fiat or stablecoin deposit, such as USDC.
  2. Yativo converts the payout value to USDC and settles it on-chain.
  3. A licensed local payout partner in Chile receives the stablecoin settlement.
  4. The partner converts USDC to CLP and sends a domestic bank transfer to the recipient’s account.
  5. Your recipient receives pesos in their normal bank account.

Your recipient does not need a crypto wallet. They never see or touch stablecoins. On their side, the payment looks like any domestic transfer from a Chilean sender.

Delivery runs on a network built for volume. Chilean interbank transfers passed 1,800 million transactions in 2025, with peak days above 9 million, according to the CCA. Checking accounts in Chile nearly tripled, from 5.6 million to 15 million between 2020 and 2025, per Chile’s banking association.

For more on the settlement layer, read how to receive international payments in stablecoins.

Supported Payout Rails for Chile

Yativo’s active CLP payout methods are bank transfers into Chilean accounts. Both methods below pay pesos to an account at a Chilean bank, including BancoEstado’s CuentaRUT.

Bank Transfer (CLP)

Gateway ID 508 pays pesos into a Chilean checking, demand or savings account.

Required details: the fields the Chile form returns, typically the holder’s RUT, name, bank, account type and account number.

Settlement time: your quote shows the delivery time before you confirm.

Best for: suppliers, agencies, contractors and payroll recipients with a Chilean bank account.

Bank Transfer (CHL)

Your methods list can also return Bank Transfer (CHL), gateway ID 1378, which pays CLP too. Use the method the endpoint returns for your account.

TEF (Low Value), gateway ID 1350, was sunset on September 2, 2026. If your integration still references it, move to 508 or 1378.

USD alternative

If your recipient wants dollars, a CLP bank transfer is the wrong tool. Yativo’s Chile methods also include SWIFT, gateway ID 557, which pays USD. Check the live list before you build, since availability depends on your account.

Recipient Details to Collect Before Your First CLP Payout

The Chile payout form in our API is the authoritative field list. Collect the details below during onboarding, so you can fill the form without a round of emails.

  • RUT: the Chilean tax ID, including the check digit, for individuals and companies.
  • Full legal name: the person’s name or the company’s registered name.
  • Bank: the recipient’s Chilean bank, for example BancoEstado or Banco de Chile.
  • Account type: checking (cuenta corriente), demand (cuenta vista, including CuentaRUT) or savings (cuenta de ahorro).
  • Account number: the full number. For a CuentaRUT, it is the RUN without the check digit.
  • Email: many Chilean transfer flows send the payment notice by email.
  • Payment purpose: for example supplier payment, services or payroll.

CuentaRUT matters here. BancoEstado reports 15.5 million CuentaRUT clients, equal to about 90% of people over 12 in Chile. Expect many contractors to give you one.

How to Send a CLP Payout via Yativo

Option 1: Dashboard (for manual payouts)

  1. Fund your Yativo float balance with either a fiat or a stablecoin deposit.
  2. Go to Transfer in your Yativo dashboard.
  3. Select the float wallet you are paying with, for example USD, EUR, MXN or whichever balance you funded.
  4. Choose the customer you are paying on behalf of. This step is necessary for fintechs that run payouts on behalf of their customers.
  5. Choose Chile as the destination country and the Bank Transfer payout method.
  6. Enter the recipient details the Chile form asks for, such as the holder’s RUT, name, bank, account type and account number.
  7. Enter the amount in USD or CLP.
  8. Review the quote: exchange rate, fees, delivery time and the exact CLP amount your recipient receives.
  9. Confirm with your PIN and 2FA.
  10. Track the payout in real time and download the receipt for your records.

Option 2: API (for automated and bulk payouts)

Every endpoint below is in the Yativo API documentation. Production calls go to https://api.yativo.com/api/v1, and the sandbox runs at https://smtp.yativo.com/api/v1.

Authenticate every request with the X-Api-Key and X-Api-Secret headers, and allowlist your server IPs on each key. Login tokens stop working from servers on October 15, 2026, as covered in our October update. Every POST request also needs a unique Idempotency-Key header.

Step 1. Generate a USDC funding address on Solana to top up your USD balance:

POST https://api.yativo.com/api/v1/crypto/create-wallet
X-Api-Key: $YATIVO_API_KEY
X-Api-Secret: $YATIVO_API_SECRET
Idempotency-Key: 6b7c8d9e-0f1a-4b2c-9d3e-4f5a6b7c8d9e
Content-Type: application/json

{
  "currency": "USDC_SOL"
}

Step 2. List the payout methods available for Chile:

curl "https://api.yativo.com/api/v1/payment-methods/payout?country=CHL" \
  -H "X-Api-Key: $YATIVO_API_KEY" \
  -H "X-Api-Secret: $YATIVO_API_SECRET" \
  -H "Accept: application/json"

Look for the CLP bank methods in the response, such as Bank Transfer, gateway ID 508. The examples below use 508.

Step 3. Fetch the required fields for that gateway:

GET https://api.yativo.com/api/v1/beneficiary/form/show/508
X-Api-Key: $YATIVO_API_KEY
X-Api-Secret: $YATIVO_API_SECRET

The response lists every required field and its accepted values. Build your payment_data object from it. For field names, see API documentation.

Step 4. Create the beneficiary. Replace the placeholder with the fields the form returned:

POST https://api.yativo.com/api/v1/beneficiaries/payment-methods/
X-Api-Key: $YATIVO_API_KEY
X-Api-Secret: $YATIVO_API_SECRET
Idempotency-Key: 5e6f7a8b-9c0d-4e1f-a2b3-c4d5e6f7a8b9
Content-Type: application/json

{
  "gateway_id": 508,
  "nickname": "Servicios Andinos SpA",
  "currency": "CLP",
  "customer_id": "e8caa491-57b6-4c39-9e3a-d2c97e47fbf0",
  "payment_data": {
    "{field_from_form}": "{value}"
  }
}

Step 5. Optionally, lock your rate. Quotes hold for 5 minutes:

POST https://api.yativo.com/api/v1/exchange-rate
X-Api-Key: $YATIVO_API_KEY
X-Api-Secret: $YATIVO_API_SECRET
Idempotency-Key: 0a1b2c3d-4e5f-4a6b-8c7d-9e0f1a2b3c4d
Content-Type: application/json

{
  "from_currency": "USD",
  "to_currency": "CLP",
  "method_id": 508,
  "method_type": "payout",
  "amount": 3000
}

Step 6. Initiate the payout from your USD balance:

POST https://api.yativo.com/api/v1/wallet/payout
X-Api-Key: $YATIVO_API_KEY
X-Api-Secret: $YATIVO_API_SECRET
Idempotency-Key: 8f9a0b1c-2d3e-4f4a-9b5c-6d7e8f9a0b1c
Content-Type: application/json

{
  "debit_wallet": "USD",
  "amount": 3000,
  "payment_method_id": 4825,
  "customer_id": "e8caa491-57b6-4c39-9e3a-d2c97e47fbf0",
  "quote_id": "4a72ecf8-6c8a-4e38-9971-8aabe9f785ed"
}

Use the id from the beneficiary response as payment_method_id. Leave out quote_id if you did not lock a rate. For bulk runs, repeat the call per beneficiary, as described on our payouts page.

Which Chile Payout Option Should You Use?

 Local bank transfer (CLP) via YativoInternational wire (SWIFT)
Settlement speedShown in your quoteDepends on correspondent banks
Required detailsRUT, bank, account type, account numberSWIFT code, account number, bank address
Best forSuppliers, contractors, payrollLarge one-off USD transfers
AvailabilityGateways 508 and 1378Gateway 557
Currency receivedCLPUSD

Best Practices for Chile Payouts

Collect the RUT with its check digit. The check digit catches typos in the RUT itself. Store it with the account details in one record.

Know the CuentaRUT rule. Its account number is the RUN without the check digit, and the account type is cuenta vista. Getting either wrong is a common reason for returns.

Confirm the account type. Chilean banks distinguish checking, demand and savings accounts. Ask your recipient which one they use.

Read gateway IDs at runtime. Yativo sunset several rails on September 2, 2026, including TEF (Low Value) for Chile. Pull IDs from the payout methods endpoint so your integration survives future changes.

Save each beneficiary once. Reusable payment methods remove re-entry errors. Monthly contractor runs then become one API call per person.

Run one playbook across LATAM. The same flow works in other markets. See our guide to local payouts to Argentina via bank transfer and our breakdown of LATAM payout rails.

Frequently Asked Questions

Does my recipient in Chile need a crypto wallet?

No. Your recipient does not need a crypto wallet. They receive Chilean pesos in their normal bank account and never interact with stablecoins.

Is it legal and compliant to pay Chilean recipients this way?

Yes, when the payout runs through regulated infrastructure. Yativo is registered with FinCEN as a Money Services Business, registration number 31000270723339. A licensed local payout partner makes the domestic transfer in Chile. Your own tax and reporting duties still apply, so confirm them with your compliance advisor.

How long does a CLP payout take?

Your Yativo quote shows the delivery time before you confirm. The pesos then arrive in your recipient’s account as a domestic transfer.

Can I pay a CuentaRUT?

Yes. A CuentaRUT is a BancoEstado demand account (cuenta vista), so you pay it like any other Chilean bank account. Its account number is the holder’s RUN without the check digit.

Can my recipient receive US dollars instead of pesos?

Not through this method, which delivers CLP. Yativo’s Chile methods also include SWIFT, gateway 557, which pays USD. Check the live methods list for what your account can use.

What happens if the account details are wrong?

The transfer can be rejected or returned, which delays your recipient. Confirm the RUT, bank, account type and account number with your recipient before the first payout.

Start Paying Out in Chile in Pesos

Chile’s goods trade reached US$199,667 million in 2025, and every supplier and contractor in it gets paid in pesos. Yativo lets you fund in USDC or USD and deliver CLP to Chilean bank accounts through a licensed local payout partner. Your quote shows the rate, fees and delivery time before you confirm. Book a demo to set up your first Chile payout.

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