Itau Corpbanca (Formerly Banco Itau Chile) SWIFT/BIC code

ITAUCLRM – the SWIFT/BIC code of Itau Corpbanca (Formerly Banco Itau Chile)

The 8-character code ITAUCLRM and the 11-character code ITAUCLRMXXX refer to the same bank: Itau Corpbanca (Formerly Banco Itau Chile), with its head office in Santiago. A BIC does one job: it makes sure that an international payment ends up at the right bank. In practice you mostly see it on international invoices, in payment forms and on the account details that Itau Corpbanca (Formerly Banco Itau Chile) provides.

On this page you can read how the code means, when it matters and which other details you need for a transfer to or from Itau Corpbanca (Formerly Banco Itau Chile). Remember that the BIC only identifies the bank, not the person: the account number or IBAN takes care of that.

What the XXX in ITAUCLRMXXX means

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. For Itau Corpbanca (Formerly Banco Itau Chile), that core is ITAUCLRM.

XXX at the end of ITAUCLRMXXX does not stand for a missing value or an error: it stands for the head office of Itau Corpbanca (Formerly Banco Itau Chile). Certain payment forms ask for 11 characters, and then you simply add XXX behind ITAUCLRM.

Do not add spaces, dots when you type ITAUCLRM; the code is always written in one block. Watch for O versus 0 or I versus 1; they are easy to mix up.

Watch out for payment fraud

One of the most common tricks goes like this: you receive a request saying that a contact now has a new bank account. The fact that ITAUCLRM exists is no guarantee that a request mentioning it is legitimate.

Verify new bank details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Watch out for urgent requests, odd spelling or a sender address that is slightly off. When a payment was sent to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud also work the other way. Someone claims to have sent more than agreed and asks you to refund the difference. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Before you send: check the Itau Corpbanca (Formerly Banco Itau Chile) code

The safest source for the BIC is the recipient’s own bank details. When the code you were given does not match ITAUCLRM or ITAUCLRMXXX, stop and ask – contact the recipient or Itau Corpbanca (Formerly Banco Itau Chile).

An incorrect BIC may lead to a delay, a payment being sent back or additional charges. Do not forget the account number: a mistake there is harder to undo than a wrong code.

A validity check by your bank merely confirms that the IBAN exists. If your bank offers it, a payee name check before sending gives extra certainty. For a first payment, some people start with a small test amount.

Getting paid from abroad into a Itau Corpbanca (Formerly Banco Itau Chile) account

A sender in another country needs several details from you. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC ITAUCLRMXXX and sometimes your address.

Some sending banks also ask for the bank’s address; it does no harm to include it. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

An incoming payment will not always arrive in full. Fees for incoming transfers differ from bank to bank – the price list of Itau Corpbanca (Formerly Banco Itau Chile) tells you what applies. Make clear with the sender who pays which costs before the money is sent.

Where our SWIFT data comes from

We gather bank codes using publicly available data and update our list regularly. Still, banks merge, rename themselves or change codes, so information can be out of date. Figures such as the number of codes are from our own dataset.

Treat this page as a starting point, rather than as the last word. GoldexPay is not affiliated with Itau Corpbanca (Formerly Banco Itau Chile); we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a short note.

What a transfer from Itau Corpbanca (Formerly Banco Itau Chile) abroad really costs

An international bank payment can cost more than the fee suggests. Besides the transfer fee, banks in between may take a cut, and when currencies are converted, the bank usually applies a rate below the real market rate.

The real cost is often in the rate: many banks convert using an exchange rate that includes a margin. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites.

Specialist money transfer services frequently offer a rate near the mid-market rate and lower fees. Next time you send money, it is worth comparing the total cost via GoldexPay. You can still use your account at Itau Corpbanca (Formerly Banco Itau Chile) as the source of the money; only the conversion and sending happen elsewhere.

Which of the 2 codes of Itau Corpbanca (Formerly Banco Itau Chile) do you need?

Having 2 codes in 1 cities, Itau Corpbanca (Formerly Banco Itau Chile) is one of the banks that use individual codes for branches. The main code is ITAUCLRMXXX.

For the vast majority of payments to a private or business account, the head office code ITAUCLRMXXX is the right choice. When you receive a branch code, stick to it instead of replacing it for the head office code.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes are more likely to change than ITAUCLRMXXX when a bank merges or closes offices.

Transfer times and tracking a payment to Itau Corpbanca (Formerly Banco Itau Chile)

How fast a transfer reaches Itau Corpbanca (Formerly Banco Itau Chile) is determined by a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Transfers sent late in the day or just before weekends and holidays often start the next business day. Occasionally a bank asks about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, ask your bank for the tracking status and the transaction reference. Keep the payment confirmation until the recipient confirms.

If a payment has not arrived after a few business days, the person who paid should contact their own bank. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.