Payment rail · Chile
Payment rail · ChileWhat is TEF?
TEF — Transferencia Electrónica de Fondos — is Chile’s interbank account-to-account transfer service, cleared by the Centro de Compensación Automatizado (CCA), which as the switch passes each transfer to the receiving bank immediately on receipt. Poplin pays out to Chile over TEF, settling within one business day at the latest.
Source: CCA (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to Chile clears fastest over
TEF
settles within one business day · 0.75% + $1.00 on a business account
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over TEF — and what Poplin charges to send.
Settlement
Next day
a ceiling, not the typical time
Reaches
1
country — Chile
Paid out in
CLP
Chilean peso
Business fee
0.75%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How TEF payouts move.
From your US-dollar balance to an account in Chile — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Chilean pesos at the mid-market rate — no markup added.
Cleared over TEF
Poplin clears the payout over TEF, Chile’s interbank transfers.
Arrives inside the window
TEF settles within one business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where TEF reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
TEF — FAQ
Basics
What is TEF?
TEF — Transferencia Electrónica de Fondos — is Chile’s interbank account-to-account transfer service, cleared by the Centro de Compensación Automatizado (CCA), which as the switch passes each transfer to the receiving bank immediately on receipt. Poplin pays out to Chile over TEF, settling within one business day at the latest.
Speed
How long do TEF payouts take?
Over TEF, Poplin payouts settle within one business day. Payments leave your account in seconds; TEF then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over TEF with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.75% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over TEF?
TEF is how Poplin pays out to Chile, in CLP. Poplin also reaches Chile over SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Chile over TEF.
Open a US-dollar account in minutes. No monthly fees.