Banking - Chile

BancoEstado's Cuenta Rut reaches 2mn clients

BancoEstado's Cuenta Rut reaches 2mn clients

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Chilean state bank BancoEstado has reached 2mn clients for its Cuenta Rut debit card, the bank said in press inserts.

As part of its efforts to make basic banking services available to low-income individuals, BancoEstado launched Cuenta Rut in 2007, which is a card with an electronic account for all Chilean residents.

BancoEstado is Chile's only state bank and the country's third biggest lender.

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