A new way
to withdraw your funds
It’s now simpler to make withdrawals
to any local bank* in Chilean pesos with
your PayPal account.
With this new form of transfer you can have
your funds easily and quickly in a couple
of clicks, with the security of PayPal.
Withdrawing is very easy, follow the steps below
Bank fees and processing time for PayPal withdrawals
| Withdrawal Type | Currency | Fees |
|---|---|---|
| Withdrawing to your local bank account which takes 1-2 business days** | CLP | 800 pesos per withdrawal Standard currency conversion applies, |
| Withdrawing to your U.S. bank account which takes 2-3 business days | USD | 0.5% withdrawal fee in USD Additional currency conversion processing fees |
**Registration requirements applies.
Withdrawals to your bank account are made by our local regulated partners.
More details about withdrawals
If you make withdrawals of more than $3,000 USD per month,
AFEX will contact you to complete the document submission process.
With PayPal and Tenpo you can transfer funds from your local bank account to your PayPal account and shop without a credit card in more than 200 countries.
FAQ
What if AFEX Transferencias y Cambios Ltda reached out to me and collected my information but I don't see the withdrawn amount in my bank account within 2 business days?
What if somebody reached out to me and I couldn’t respond?
What if nobody has reached out to me after 2 business days?
Is the annual registration happening at the beginning of each year or 12 months after my first transaction?
*Registration requirements for businesses
To ensure compliance with regulatory requirements and safeguard the security of your transaction, upon submission of withdrawal with PayPal you accept to share your contact information, transaction details and the documents listed below with AFEX Transferencias y Cambios Ltda which will treat your information in accordance to its Privacy Policy. Also, you accept and acknowledge that AFEX Transferencias y Cambios Ltda will contact you for completing a mandatory document submission process to receive the funds in Chile for your first transaction and that PayPal is not part of such process, and will not have access or responsibility on the information you decide to share with AFEX Transferencias y Cambios Ltda.
AFEX Transferencias y Cambios Ltda will reach out to you within one business day of a transaction being initiated to register a set of required information listed below.
The partner will identify themselves as being from AFEX Transferencias y Cambios Ltda and ask if you are aware of a transaction under your name. After you confirm, they will ask you for the withdrawer name (your PayPal account name) and amount of the withdrawal. You will be required to register with AFEX Transferencias y Cambios Ltda (one-time event every year) before receipt of your first transaction. To complete the registration, you will be asked to provide the following documents via e-mail. Additional details will be provided.
- Copy of the company identity document. (Copia de documento de identidad de la empresa)
- Customer record card signed (Ficha persona juridica_Editable)
- Registration form (declaracion_de_beneficiarios_finales who ever has 10%+ ownership of the business)
- Copy of legal representative’s ID (Cédula)
- Company constitution deed (escritura constitución de la Sociedad)
If you are withdrawing $9,500 USD or more equivalent in a month, you will be required to provide additional information:
- Source of funds (Tax declaration, form 29, invoices, etc.)
If you are unavailable at the time of the call, they will leave a voicemail message with a call back number. If voicemail is not available, they will send an email. They will also continue to call twice per day for 7 business days. If you are unable to provide the required documentation before the end of the 7th business day, your transaction will be cancelled.
After successful completion of the above, you can expect the funds in your local bank account within 2 business days.
*Registration requirements for consumers.
To ensure compliance with regulatory requirements and safeguard the security of your transaction, upon submission of withdrawal with PayPal you accept to share your contact information, transaction details and the documents listed below with AFEX Transferencias y Cambios Ltda which will treat your information in accordance to its Privacy Policy. Also, you accept and acknowledge that AFEX Transferencias y Cambios Ltda will contact you for completing a mandatory document submission process to receive the funds in Chile and that PayPal is not part of such process, and will not have access or responsibility on the information you decide to share with AFEX Transferencias y Cambios Ltda.
If you are sending $3,000 USD equivalent in a month, AFEX Transferencias y Cambios Ltda will reach out to you within one business day of a transaction being initiated to register a set of required information listed below.
The partner will identify themselves as being from AFEX Transferencias y Cambios Ltda and ask if you are aware of a transaction under your name. After you confirm, they will ask you for the withdrawer name (your PayPal account name) and amount of the withdrawal. You will be required to register with AFEX Transferencias y Cambios Ltda (one-time event every year) before receipt of your first transaction. To complete the registration, you will be asked to provide the following documents via e-mail. Additional details will be provided.
- Registration form (declaracion_de_beneficiarios_finales)
- Copy of ID (Cédula)
If you are withdrawing $6,000 USD or more equivalent in a month, you will be required to provide additional information:
- Source of funds (Tax declaration, form 29, invoices, etc.)
If you are unavailable at the time of the call, they will leave a voicemail message with a call back number. If voicemail is not available, they will send an email. They will also continue to call twice per day for 7 business days. If you are unable to provide the required documentation before the end of the 7th business day, your transaction will be cancelled.
After successful completion of the above, you can expect the funds in your local bank account within 2 business days.