Banco Santander Chile SWIFT/BIC code

BSCHCLRM – the SWIFT/BIC code of Banco Santander Chile

BSCHCLRM and BSCHCLRMXXX are two spellings of the same bank identifier, and both lead to Banco Santander Chile in Santiago. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the right institution. You will need it mainly for transfers between countries or a currency.

We wrote this page to help anyone who pays into an account at Banco Santander Chile and wants to get the details right. The SWIFT code on its own cannot identify an individual account holder; that is what the account number or IBAN .

How up to date is this code?

The details on this page are taken from publicly available data. Even so, banks merge, rename themselves or change codes, so information can be out of date. The figures on this page reflect our own data and not on information from Banco Santander Chile itself.

See the information here as a handy check. GoldexPay has no connection to Banco Santander Chile. Should you notice something that is out of date, we appreciate a message via the contact page.

Choosing between the 18 SWIFT codes of Banco Santander Chile

Banco Santander Chile uses 18 different SWIFT/BIC codes. One of them is the head office code; the others belong to branches.

Unless the recipient tells you otherwise, use BSCHCLRMXXX. Branch codes are only needed if the recipient’s bank specifically asks for it, which is more common for business accounts and trade services.

Unsure which code to use? Check with the recipient or the bank itself. Branch codes are more prone to be retired than the head office code when a bank merges or closes offices.

Is BSCHCLRM still correct? How to check

Have the recipient send you the bank details directly from a recent statement. When the code you were given differs from BSCHCLRM or BSCHCLRMXXX, stop and ask: check with the recipient or with Banco Santander Chile directly.

Mistakes in the BIC are costly rather than fatal. Remember the IBAN: an error there can be harder to undo than a wrong code.

Many banking apps validate the format of an IBAN, but that does not prove the account belongs to the right person. Where available, a name check before sending adds an extra layer of safety. Sending a small amount first can be a sensible step for large sums despite the extra fee.

Getting paid from abroad into a Banco Santander Chile account

A sender in another country will ask for a few details from you, and missing ones are a common cause of delays. The basics are: your name, account number or IBAN, BSCHCLRMXXX and in many cases your postal address.

It helps to include the bank name and Santiago too. Double-check each detail before you share them.

An incoming payment does not always land in full. Correspondent banks can take a fee, Banco Santander Chile may charge for incoming payments, and if the currency changes, an exchange rate margin applies. Agree with the sender who pays which costs before the money is sent.

Tracking a transfer to or from Banco Santander Chile

How quickly a payment reaches Banco Santander Chile is determined by several factors: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Payments made after the cut-off time or just before a weekend or public holiday often start a business day later. Occasionally a bank asks about the purpose of a payment.

A growing number of banks are connected to SWIFT gpi. Each payment carries a unique transaction reference, the UETR that banks can use to trace it. Money transfer services usually show tracking in their app showing where the money is.

Only the sending bank can request a trace; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt including the reference – it helps your own bank look for the money.

What a transfer from Banco Santander Chile abroad really costs

A bank transfer abroad can cost more than the fee suggests. On top of a fixed fee, banks in between may take a cut, and when the money changes currency, the bank usually uses a rate that is less favourable than the actual market rate.

Many banks do not list their exchange rate markup separately, but you pay it all the same. An easy check: put the rate you get next to the mid-market rate for the same moment and look at the difference.

For a lot of routes, a specialist provider turns out to be less expensive than a bank. On GoldexPay you can compare what recipients receive across providers, which makes the cheapest option easy to spot. Choosing a specialist does not mean closing your account at Banco Santander Chile: you simply pay the service from your account.

Watch out for payment fraud

Scammers often use payment requests with new bank details sent from what looks like a familiar address. A valid SWIFT code says nothing about whether the request is genuine.

Do not rely on a phone number from the same email that announces the new account. Urgency or secrecy are red flags – a real supplier can wait a day. Acted too fast? Contact the bank you paid from straight away and ask them to start a recall; also report it to the police.

Fraud can also work the other way: someone sends more than agreed and wants you to refund the extra. A payment confirmation from the sender is no proof.

Why Banco Santander Chile has an 8- and an 11-character code

Each SWIFT/BIC code starts with the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. That gives you BSCHCLRM, the short form of the code.

The full version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why BSCHCLRMXXX and BSCHCLRM lead to the same place.

Leave out spaces when you enter BSCHCLRM. Pasting the code beats retyping it, because one wrong letter changes the bank.