BancoEstado CuentaRUT review

The monthly fee is CLP 0, so there is no standing charge for holding it. That makes the running cost easy to plan around for a family budget. The only charge to budget for abroad is currency conversion.

The currency conversion fee is 1.9%. That places it at 160 of 258 brands on this measure, which is a fair rate rather than a cheap one. Spending in Chile itself does not involve a conversion.

Yes, the card type is debit, so the money comes straight from the account balance. It runs on the visa network, which is the most widely accepted card network abroad. That makes it practical for travel as well as everyday spending.

The stated audience is kids, so it is built with younger account holders in mind. It suits a parent opening a child's first account in Chile. The multi-currency feature means the account can still grow with travel needs later.

Yes, multi-currency is listed as a feature, alongside travel. Holding balances in more than one currency is useful for households that receive money from abroad. Converting between currencies uses the 1.9% fee, so the saving is on flexibility rather than on rate.

Support runs on phone only, so there is no live chat or email route listed. Phone support suits anyone comfortable calling during opening hours. Readers who prefer written help may find bunq a better fit.

The legal entity is Banco del Estado de Chile, based in Chile and founded in 1953. As a state-owned bank, the account is backed by an old institution rather than a new challenger. That history is the main difference from the fintech alternatives here.

The overall score is 4 out of ten, and the cost part is 4. The free CLP 0 monthly fee lifts the cost side, while the 1.9% conversion fee holds it back. Compare that with Wise for cheaper conversion.