Simplify your financial life with an intuitive mobile banking solution that combines security, accessibility, and lifestyle benefits for users across Chile and abroad. MACHBANK offers flexible account creation, seamless transfers, a dual Visa debit card system, and reward-driven spending—all supported by trusted financial institutions and governed by regulatory oversight. With features spanning personal savings, international money movement, merchant tools, and service payments, the platform is crafted to meet the everyday needs of individuals and SMEs alike.
Account Creation and User Eligibility
- Open a MACHBANK account with minimal requirements: valid ID and age verification
- Chilean and foreign nationals above 18 years old are eligible to enroll independently
- Teenagers between 14 and 17 can open accounts with parental or guardian authorization
Visa Debit Card Functionality
- Request a physical Visa debit card for in-store and global purchases
- Use a virtual debit card for secure online shopping
- Cards are accepted both in Chile and internationally across Visa-supported networks
Commission-Free Transfers and Banking Flexibility
- Send money between MACHBANK accounts or external Chilean banks without incurring transaction fees
- Manage transfers quickly through the app’s integrated banking tools
- Funds are moved efficiently without added costs to the user
ATM Cash Withdrawal Access
- Withdraw money from nationwide ATMs at no additional charge
- Banco Estado availability is pending and expected to be added soon
- Users enjoy flexible access to funds when offline transactions are required
International Transfers and Remittance Services
- Send money abroad from Chile to destinations like Argentina, Colombia, Mexico, Peru, and the United States
- Additional countries are anticipated as the service expands
- Transfers are designed to be fast, secure, and competitively priced
Monthly Discounts and Cashback Benefits
- Receive recurring cashback rewards and promotional discounts at partnered retailers
- Explore updated benefit offerings monthly via the in-app catalog
- Reward activity is linked to spending and participation levels
Futuro Account Savings and Interest Earnings
- Activate a savings feature starting from a minimum balance of 1,000 CLP
- Interest is calculated based on average monthly balances
- Helps users develop disciplined savings habits and financial growth
Service Payments and Recharge Capabilities
- Top up common services such as Bip! transit card, mobile airtime, landlines, broadband, and TV packages
- Transactions are processed quickly with stored account details
- Consolidates utility management into a single financial dashboard
Payment Acceptance for Entrepreneurs and SMEs
- Receive business payments instantly using MACHBANK tools
- No requirement for physical point-of-sale (POS) equipment
- Accelerates cash flow for small businesses and mobile sellers
Referral Program and Community Incentives
- Invite friends to join MACHBANK and receive prizes when they sign up and use the platform
- Higher referral activity results in increased personal rewards
- Builds a participatory user network through mutual earning opportunities
Institutional Support and Regulatory Compliance
- MACHBANK operates under the financial umbrella of Banco Bci
- It is regulated by Chile’s Financial Market Commission (CMF), ensuring transparency and user protection
- Services meet national standards for banking and fintech activity
Frequently Asked Questions
Q: Who can open a MACHBANK account?
Anyone over 18 with valid ID, or 14–17 year-olds with guardian approval.
Q: Is a Visa debit card included with the account?
Yes, both physical and virtual Visa debit cards are available.
Q: Are ATM withdrawals free?
Yes, withdrawals are free from most national ATMs, excluding Banco Estado currently.
Q: Can I transfer money internationally?
Yes, you can send funds abroad to several supported countries.
Q: Are transfers to other banks commission-free?
Yes, transfers to national banks have no associated fees.
Q: What is the Futuro Account?
It’s a savings feature that earns interest based on monthly average balance.
Q: How do cashback and discounts work?
Benefits are offered monthly and linked to eligible purchases.
Q: Can SMEs receive payments with MACHBANK?
Yes, businesses can accept payments without needing POS equipment.
Version History
v3.73.1 —— 7 Mar 2025
Bug fixes applied—technical corrections for smoother performance.
User experience improvements—enhancements to interface behavior and reliability.
v3.72.0 —— 5 Feb 2025
Same updates as v3.73.1—ongoing refinements for usability and stability.
v3.71.2 —— 29 Jan 2025
Same updates as above—minor adjustments for better app responsiveness.
