Tired of getting denied for a checking account because of your previous banking history? You can move on from the past by finding credit unions or banks that don’t use ChexSystems in New Mexico. Even if you have a past that appears on your ChexSystems records from things like excessive non-sufficient funds and overdrafts, you can still find banking options.

Getting a checking account is a great next step for your finances for many reasons. The first is that you can access more convenient features that you just don’t get when strictly using cash or prepaid debit cards. The second is that responsibly using a new checking account can help rebuild your records in ChexSystems so you can move onto a better banking experience in the future.

Non-ChexSystems & Second Chance Banks in New Mexico

Which banks in New Mexico offer second chance checking accounts or are considered non-ChexSystems? We’ve got the comprehensive list below.


Our Top Pick
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on Chime's secure website

With Chime, bad banking history is not an issue. They offer an award-winning financial app, a debit card, and a credit-builder Visa credit card, all with no credit check.

The Chime Spending Account is 100% free and has no monthly fees:

  • no overdraft fees
  • no monthly maintenance fees
  • no foreign transaction fees
  • no minimum balance fees

They’ll even spot you up to $200 on debit card purchases with no overdraft fees.

You can also start building your credit with the Chime Credit Builder Visa Credit Card. It’s a secured credit card with no annual fees, no credit checks, and no interest charges.

Chime has over 60,000 fee-free MoneyPass® and Visa® Plus Alliance ATMs. Plus, you can get your paycheck up to 2 days earlier with direct deposit. You can also deposit cash for free at over 8,500 Walgreens.

You can see why Chime is our #1 choice.

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1st Convenience Bank

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on 1st Convenience Bank's secure website

1st Convenience Bank doesn’t utilize a ChexSystems record check so you may get approved for an account. The most basic option is the e-Account. You won’t be able to write checks, but you do get a MasterCard debit card, plus perks like online and mobile banking.

The monthly fee is $7 but you can get it reduced to $5 by signing up for e-statements. It’s free to use Gold Key ATMs, otherwise, you’ll be charged $2.50 for out-of-network ATMs.

There are many 1st Convenience Bank locations placed in Walmarts throughout New Mexico, including Alamogordo, Albuquerque, Bernalillo, Clovis, Farmington, Hobbs, Las Cruces, Rio Rancho, and Roswell.

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Bank of Albuquerque

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on Bank of Albuquerque's secure website

If you’ve had banking mistakes in your past, Bank of Albuquerque offers a second chance with their Opportunity Banking account. It comes with a monthly fee of $14.95, but that goes down to $9.95 per month if you have direct deposit totally at least $300.

The account provides you with a free Visa debit card, plus the usual features like online and mobile banking. You also get free ATM access to over 24,000 ATMs across the country.

Another nice perk is that you can get one overdraft fee refunded each year, as long as you initiate the request. There’s an additional monthly fee or $1.50 if you want paper statements, but you can elect to receive e-statements for free. Additionally, you’ll need $50 to open the account. As the name implies, there are branch locations in and around the Albuquerque area.

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Bank of the Southwest

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on Bank of the Southwest's secure website

Bank of the Southwest offers less stringent approval guidelines when it comes to having a history in ChexSystems. You might be able to get approved for a checking account if you’ve paid any outstanding fees to financial institutions and don’t have any records less than a year old.

Bank of the Southwest offers just a single personal checking account, and you’ll need to talk directly to a customer service representative to get approved.

To visit a branch in person, you can choose from multiple locations. There are branches in Roswell, Hatch, Las Cruces, Truth or Consequences, Elephant Butte, Farmington, Kirtland, and Bloomfield.

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First American Community Credit Union

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on First American Community CU's secure website

You can get Second Chance Checking from First American Community. There are a few restrictions that come along with the account, but also some nice benefits. First, there’s no minimum monthly balance, and you get standard features like online and mobile banking, bill pay, and free e-statements.

The monthly fee is $10 and you must start with a $50 opening deposit. Also, you’re limited to just 50 free transactions each month; after that, you’ll be charged $0.20 for each one. The good news is that after managing your account well for 12 months, you can upgrade to another checking account with First American Community.

There’s a branch location in Tse Bonito where you can learn more, or you can apply directly online. Before accessing the Second Chance Checking, you’ll need to become a member.

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Jemez Valley Credit Union

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on Jemez Valley CU's secure website

You may just need a valid photo ID to get approved for a checking account with Jemez Valley. But first, you’ll need to qualify for membership to the credit union. You’re eligible if anyone in your family is already a member, or if you live, work, or own property in either the Jemez Valley or Rio Rancho School district.

To get started, you’ll need to first open a regular share savings account with a minimum deposit of $25. Then you can open up a draft checking account, which comes with no monthly fee and no minimum balance required.

If you keep at least $2,000 in your account, you’ll earn a modest 0.20% interest on your balance. There is one branch location in Jemez Springs, New Mexico.

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Lea County State Bank

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on Lea County State Bank's secure website

Lea County State Bank offers Opportunity Checking which allows you to take advantage of a traditional bank account.

You’ll need to start with $100 to open up the account and there are a few different fees to be aware of. If you sign up for Check Safekeeping, there’s no monthly fee but you do pay $0.25 per check for the first ten checks, then $0.40 for each one thereafter.

If you don’t get Check Safekeeping, there’s a $4 monthly fee in addition to the same per check fees. Either way, you do get a Visa check card in addition to internet banking and bill pay. You can find Lea County State Bank branches in Hobbs and Lovington.

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US Bank

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on US Bank's secure website

US Bank has locations throughout New Mexico and you can have a better chance of getting approved for a checking account if you go and apply in person. The exact requirements may even depend on the location, but generally speaking, you can be expected not to owe US Bank any money or have any record of fraud. Call around to get exact details at the branches near you.

If you do get approved, US Bank offers multiple checking account options, including a basic version called Easy Checking. There is a $6.95 monthly maintenance fee, but you can get that waived if you either have $1,000 in monthly direct deposits or have an average account balance of $1,500.

US Bank has locations in Albuquerque, Belen, Bernalillo, Clovis, El Prado, Gallup, Grants, Las Cruces, Los Lunas, Moriarty, Pojoaque, Portales, Rio Rancho, Santa Fe, and Taos.

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Wells Fargo

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on Wells Fargo's secure website

With branch locations across New Mexico (not to mention the rest of the country), you may qualify for an Opportunity Checking account from Wells Fargo. The minimum opening deposit is a low $25.

There’s a $10 monthly fee but there are a few easy ways to get it waived completely. One option is to use your debit card at least 10 times each month. You can also sign up for direct deposits of at least $500 or keep a minimum daily balance of $1,500 or more.

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