Finding the right banks in Chile should be at the top of your "to-do" list if you're moving to or setting up a business in this South American country.
Take the time to carefully research your options for Chilean banks. Volatility in the financial sector of all countries is not uncommon these days. Here are a few things to keep in mind:
Find US banks in Chile for your banking needs
Most major US banks operate abroad as well. Finding a US bank in Chile can make your transition to the country much easier. If you don't already have an account with the US bank operating in Chile, than open an account stateside before making a move to Chile or starting a business there.
I recommend: Citibank is one of several US banks that operate in Chile.
Wachovia is another international bank in Chile that you can use.
Contact expatriates for advice on banks in Chile
If you don't know where to begin when banking in Chile, seek out expatriates for advice. They have already made the transition from the US to Chile, so they can give you the information you need to begin that process.
I recommend: Allo’ Expat has forums for expats that can help you with all the information you need to find Chilean banks.
Transitions Abroad offers a list of resources covering business and economics in Chile. They can provided information on the various banks of Chile.
Use the largest Chile banking institutions for everyday business
Just as there are benefits to using the big banks here in the US, there are advantages to using the biggest of the commercial banks in Chile for your everyday banking in this South American nation. Using the largest Chile bank will give you more access to branches throughout the nation, more access to ATM's, as well as just making your transition to Chile much easier.
I recommend: Banco de Chile is the largest bank in the country’s banking sector.
Banco BHIF offers the most developed online banking system throughout Chile and Latin America.