Does anyone have a recommendation for the best place for an expat to bank in Santiago? Will you tell me why you recommend them?
Even if not in Santiago, can you give an example of how foreign income is moved into the country, converted to pesos, accessed, etc., please? I hear of peso and dollar accounts....why both? If expats receiving income from the US could share how they structure/manage their finances (generalities only), that would be so helpful.
Are funds held in a DR bank guaranteed by something like the FDIC in the US?
Thank you