| Competition: | Campeonato Nacional Copa Banco del Estado |
| Dates: | 7 May – 18 December 1994 |
| Winners: | Universidad de Chile (8th title) |
| Relegated: | Cobresal Rangers |
| Matches: | 240 |
| Total Goals: | 727 |
| Continentalcup1: | 1995 Copa Libertadores |
| Continentalcup1 Qualifiers: | Universidad de Chile Universidad Católica (Liguilla winners) |
| Continentalcup2: | 1994 Copa CONMEBOL |
| Continentalcup2 Qualifiers: | Universidad de Chile (Play-off winners) |
| League Topscorer: | Alberto Acosta (33 goals) |
| Highest Attendance: | 73,128 |
| Attendance: | 1,768,185 |
| Average Attendance: | 7,367 |
| Prevseason: | 1993 |
| Nextseason: | 1995 |
The Campeonato Nacional Copa Banco del Estado 1994, was the 62nd season of top-flight football in Chile. Universidad de Chile won their eight title following a 1–1 away tie at Cobresal on 18 December. Universidad Católica also qualified for the next Copa Libertadores as Liguilla winners.
| Pos | Name | Team | Goals | |
|---|---|---|---|---|
| 1 |  Alberto Acosta | Universidad Católica | 33 | |
| 2 | Marcelo Salas | Universidad de Chile | 27 | |
| 3 | Alejandro Glaría | Cobreloa | 24 | |
| 4 | Malcom Moyano | O'Higgins | 15 | |
| 5 | Lukas Tudor | Universidad Católica | 14 | |
| 6 | Gustavo De Luca | O'Higgins | 13 | |
| Juan Carlos Ibañez | Universidad de Chile | 13 |
--------Universidad Católica also qualified for the 1995 Copa Libertadores
Universidad de Chile qualified for the 1994 Copa CONMEBOL
----
----Coquimbo Unido and Provincial Osorno stayed in the Primera División Chilena