
Credit cards have their pros and cons in Chile, just as they do in the rest of the world. If you manage them conscientiously, they can save you time, smooth the occasional financially rocky period, and earn you goodies. Lower your guard for a while, and they’ll turn around and bite you.
One of the first [...]

The Chilean Peso has a somewhat more exciting history than our dollars and pounds. For starters, it didn’t even exist until 1975, when it was introduced to replace a highly devalued Escudo. Just in the last 10 or 15 years we expats have gotten to witness all kinds of neat changes, such as the pink [...]

The following are the most common financial indicators used in the media and in prices for services.
IPC (Indice de Precios al Consumidor): Known as the Consumer Price Index in English. This indicator measures the purchasing power of the Chilean peso, based on the variations in cost of a standard bundle of goods and services. While [...]

In 2007, BancoEstado introduced the CuentaRUT, a debit account free of monthly fees for which all Chileans and resident foreigners are automatically eligible, just for having a RUT (linkme). You get a debit card and can manage your account online, including making online payments.
In a land where banks charge checking account holders a yearly/semesterly/monthly fee [...]