NeoBankDB

MACH

Bci prepaid and digital brand. CMF. The bank is Banco de Crédito e Inversiones. Prepaid float is not a bank deposit.

Wallet / e-moneyactiveChile
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6.8Mixed
Alternatives

Five questions

At a glance

  • Is it a bank?

    Yes — Prepaid / digital brand of Banco de Crédito e Inversiones. MACH is not a separate CMF bank (CMF / SBIF-era Bci). Still read the entity on the statement.

  • If it fails?

    Chilean deposit guarantee, if it applies, sits at Banco de Crédito e Inversiones on eligible bank deposits. MACH prepaid balances are a different recovery story — read the live T&Cs. Do not treat the purple app as a second Bci pot.

  • Salary?

    Not listed. An IBAN or sort code is not automatically a salary account.

  • Open from abroad?

    Residency and KYC are gated. An App Store listing is not proof you can onboard.

  • Monthly fee

    Prepaid SKU — confirm live

  • Account number

    No IBAN-class local rail on this file.

NeoBankDB Verdict

Licence first · score second

6.8

/10 · Mixed

MACH is Banco de Crédito e Inversiones’ prepaid and digital brand. CMF supervises Bci. The purple app is the skin. A CMF bank deposit is not a prepaid float. Directories call MACH a neobank. This desk calls it Bci in app kit. Keep a banco salary pot. Use MACH as spend and P2P if the card wins.

What it is

Santiago, 2017. Millions of cards. Bci is the listed bank. The MACH wordmark is marketing. Read the issuer line on the plastic.

Best for: Chile residents who want Bci in a purple prepaid and already keep a banco current account.

Last checked 2026-08-30. Not advice.

What it does well

  • +Named CMF bank behind the brand
  • +Scale
  • +Honest prepaid DNA
  • +Apple Pay

What to watch

  • −Prepaid ≠ Bci current account
  • −Scheme literacy required
  • −Chile-resident
  • −Directories say neobank

Who holds the money

The account

Partner bank
Banco de Crédito e Inversiones

How money actually moves

Who holds the cash
E-money / stored-value — not a bank deposit
How money moves
In-app ledger
Built for
Personal
Settlement
App-ledger instant; bank rails per corridor
Freeze risk
Bank-grade; still not freeze-proof
Card
MACH lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.

Licence first

Safety

Chilean deposit guarantee, if it applies, sits at Banco de Crédito e Inversiones on eligible bank deposits. MACH prepaid balances are a different recovery story — read the live T&Cs. Do not treat the purple app as a second Bci pot.

Who holds the money: Banco de Crédito e Inversiones (Bci)

  • CMF / SBIF-era BciPrepaid / digital brand of Banco de Crédito e Inversiones. MACH is not a separate CMF bank · Chile

Fees

Monthly
Prepaid SKU — confirm live
FX markup
Card FX if any
ATM
Bci / Redbanc schedule

Features

  • –IBAN
  • –Fee-free core
  • –Multi-currency
  • ✓Apple Pay
  • ✓Google Pay
  • ✓Virtual card
  • ✓Physical card
  • –Metal card
  • –Crypto
  • –Stocks
  • –Business
  • –Kids
  • –Halal
  • CLP prepaid / digital account
  • Bci group
  • Mastercard
  • QR / P2P
  • Not a separate bank

Score

Safety25%
6.8
Fees20%
8.0
Features15%
7.4
App15%
8.2
Global15%
3.2
Support10%
6.4

Change log

Full log

  1. Licence

    Bci prepaid / digital brand, CMF

    Banco de Crédito e Inversiones is the bank. Prepaid float is a different recovery story.

Available in

Straight answers

FAQ

01

Is MACH a bank?

MACH holds a banking-style licence (CMF / SBIF-era Bci). Still read the legal entity on the statement, not the app icon.

02

How is money protected?

Chilean deposit guarantee, if it applies, sits at Banco de Crédito e Inversiones on eligible bank deposits. MACH prepaid balances are a different recovery story — read the live T&Cs. Do not treat the purple app as a second Bci pot.

03

Where is MACH available?

We list 1 market on NeoBankDB. Residency and onboarding rules still sit with MACH.

04

Card and wallets?

MACH lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.

05

Can I open MACH remotely?

Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.

Ratings and reviews

No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.

Rate & review

Used MACH?

Stars plus a short note. We publish after a NeoBankDB read. “Verified user” is our tick, not yours.

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