Scotiabank Chile SWIFT/BIC code

BKSACLRM – the SWIFT/BIC code of Scotiabank Chile

The short code BKSACLRM and the full code BKSACLRMXXX refer to the same bank: Scotiabank Chile in Santiago, Chile. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money, a bit like a postal address for banks. You will need it mainly for payments that cross a border or a currency.

Further down we go through the practical side: receiving money at Scotiabank Chile, paying someone in another country and how to verify the code before you hit send. The BIC identifies an institution, not a specific account, which is why you always need the account number too.

Protect yourself against fake payment requests

Stay alert when a contact unexpectedly asks you to pay into a different account. The fact that BKSACLRM exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Verify changed bank details through a separate channel, such as a phone number you already know. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. When a payment was sent to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: one known trick is an overpayment followed by a request to refund the difference. Do not act before the money has really arrived – ask Scotiabank Chile if something looks wrong.

Verifying the SWIFT code of Scotiabank Chile

The best place to find the correct BIC is paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have does not match BKSACLRM or BKSACLRMXXX, stop and ask: check with the recipient or with Scotiabank Chile directly.

With a wrong code, the payment might get stuck, bounce back or cost extra, and tracing it can take weeks. Do not forget the IBAN: a mistake there can be harder to undo than a wrong code.

An automatic check in your banking app only confirms that the IBAN is valid. More and more banks check the name against the account before you confirm – do not ignore a mismatch warning. When you pay someone new, some people send a small test amount before sending the rest.

Choosing between the 5 SWIFT codes of Scotiabank Chile

Our directory lists 5 SWIFT/BIC codes for Scotiabank Chile in 4 places. Next to the head office code BKSACLRMXXX, you will find codes for branches, departments or specific services.

For most incoming transfers, the head office code BKSACLRMXXX works fine. When you receive a branch code, use it as it is instead of swapping it with the head office code.

If you are not sure, check with the recipient for the exact BIC in their bank details. Branch codes are more prone to change than BKSACLRMXXX.

A note on our data

We collect bank codes from publicly available data and update our list from time to time. It can happen that information here is no longer current. Counts and locations come from our own dataset.

Use our data as a starting point, rather than as the last word. GoldexPay is a comparison service for money transfers and not affiliated with Scotiabank Chile. Should you notice something that is out of date, we appreciate a short note via the contact page.

BKSACLRM or BKSACLRMXXX – which one to use?

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, a two-letter country code and a two-character location code. That gives you BKSACLRM for Scotiabank Chile.

XXX at the end of BKSACLRMXXX does not stand for a missing value or an error: it indicates the head office of Scotiabank Chile. Certain payment forms ask for 11 characters, in which case you can add XXX behind BKSACLRM.

As a rule the code is written in capitals. Look out for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

Paying someone abroad from your Scotiabank Chile account

An international bank payment can cost more than the fee suggests. On top of a fixed fee, banks in between may deduct a fee, and if the money changes currency, the bank often uses a rate that is less favourable than the actual market rate.

That exchange rate margin tends to be the largest item. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Specialist money transfer services often offer rates closer to the mid-market rate and lower fees. On GoldexPay you can compare the amount that arrives with different services, so you can pick the cheapest route. You can still keep your account at Scotiabank Chile to fund the transfer; only the conversion and sending happen elsewhere.

Transfer times and tracking a payment to Scotiabank Chile

An international transfer usually needs one to a few business days, depending on the currency, the route and the banks involved. Transfers sent late in the day or just before a weekend or public holiday often go out the next business day. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique transaction reference, the UETR. Save your transfer receipt.

If a payment has not arrived within the expected time, the person who paid should contact the bank that sent it rather than Scotiabank Chile. As a recipient, you can check your account to see a slightly lower amount.

What to give a sender who pays you at Scotiabank Chile

When you are waiting for money from abroad, give the sender all details at once. Share the account holder’s name, your account number or IBAN, the BIC BKSACLRMXXX and your address.

Their bank might also ask for the bank address of Scotiabank Chile. Double-check the details before you share them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is smaller than the amount on the sender’s receipt. Charges on incoming payments vary per bank. For business payments, it is common to state who bears the costs to avoid a shortfall.