Second Chance Checking Accounts in New Mexico

If you’ve been denied a bank account in New Mexico, past overdrafts, unpaid fees, or account closures may be the reason. Many banks rely on ChexSystems or similar databases to review your banking history, making approval tough if you’ve had problems before.

Second chance checking accounts offer a way to reset your financial standing and regain access to everyday banking tools.

9 Banks & Credit Unions Offering Second Chance Bank Accounts in New Mexico

Below is a list of banks and credit unions in New Mexico that offer second chance accounts to help you rebuild your banking history.

SoFi

Our Top Pick
SoFi
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Features & Benefits

  • Earn up to $400 with qualifying direct deposit
  • No monthly fees or minimum balance requirements
  • Up to 3.30% APY on savings balances
  • Access to 55,000+ fee-free ATMs

SoFi’s Checking and Savings account is designed to help you keep more of your money. There are no monthly maintenance fees, no overdraft fees, and no minimums to worry about.

Set up direct deposit, and you can unlock a sign-up bonus of up to $400, plus earn a competitive 3.30% APY on your savings. Checking accounts earn 0.50% APY as well.

You’ll also have access to over 55,000 fee-free ATMs and the ability to get paid up to two days early with direct deposit.

Apply online →

Current

Current
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Features & Benefits

  • Build credit automatically with your debit card activity
  • No monthly fees or minimum deposit required
  • Over 40,000 Allpoint ATMs nationwide
  • Early direct deposit—get paid up to 2 days sooner

Current gives you a simple way to open a checking account without ChexSystems or credit checks. You can start building credit by using your debit card for everyday purchases—no loans, hard inquiries, or interest involved.

There’s no minimum balance to maintain, no hidden fees, and access to thousands of fee-free ATMs across the U.S.

Current’s Premium account also includes early direct deposit and Savings Pods that earn up to 4.00% APY, helping your money grow without sacrificing flexibility.

Apply online →

Chime

Chime
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Features & Benefits

  • No ChexSystems checks or credit pull
  • Open an account with no minimum deposit
  • Access over 47,000 fee-free ATMs nationwide
  • Optional secured credit card to help build credit

Chime makes it easy to open a checking account, even if your banking history isn’t perfect. There are no monthly fees, no foreign transaction charges, and no minimum balance required.

You can also boost your credit with the Chime Credit Builder Visa®—a secured card with no credit check, no annual fee, and no interest charges.

Chime gives you access to over 47,000 fee-free ATMs, early direct deposit, and cash deposit options at more than 8,500 Walgreens locations.

Apply online →

Stash

Stash
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Features & Benefits

  • No hidden fees
  • Earn stock as you spend with Stock-Back® rewards
  • Get paid up to two days early with direct deposit
  • 55,000+ fee-free ATMs through Allpoint®

Stash offers a checking account that does not require ChexSystems or a credit check. This makes it accessible if you have had trouble opening accounts in the past.

Each time you use the Stash debit card, you earn Stock-Back® rewards in the form of small pieces of stock from the brands where you spend.

You can also receive your paycheck early through direct deposit. The account has no overdraft fees.

The account is managed through the Stash mobile app. The app also gives you tools for investing and budgeting.

Apply online →

Bank of Albuquerque

Bank of Albuquerque
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Bank of Albuquerque offers Opportunity Banking for those working to rebuild their financial history.

The account requires a $50 deposit to open and includes a $14.95 monthly fee, reduced to $9.95 with at least $300 in direct deposits.

It comes with a free Visa debit card, mobile and online banking, access to over 24,000 ATMs, and one overdraft fee refund per year. You can opt for free e-statements or pay $1.50 per month for paper statements.

Bank of Albuquerque has locations in Albuquerque, Los Lunas, Rio Rancho, and Santa Fe.

Apply online →

First American Community Credit Union

First American Community Credit Union
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First American Community Credit Union provides Second Chance Checking for members who’ve had trouble opening accounts in the past.

It requires a $50 opening deposit and has a $10 monthly fee.

The account includes free e-statements, online and mobile banking, and bill pay. You’re allowed 50 free transactions per month, with a $0.20 fee for extras. After 12 months of responsible use, you can upgrade to a different account.

You can visit the Tse Bonito branch to apply.

Apply online →

Lea County State Bank

Lea County State Bank
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Lea County State Bank offers Second Chance Checking for individuals needing to reestablish banking access.

It requires a $100 opening deposit and has a $10 monthly fee.

The account comes with unlimited check writing, mobile and online banking, bill pay, and e-statements. Paper statements are available for a $5 monthly fee.

Lea County State Bank operates branches in Hobbs and Lovington.

Apply online →

US Eagle Federal Credit Union

US Eagle Federal Credit Union
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US Eagle Federal Credit Union offers FlexChecking, designed for those rebuilding their financial history.

The account requires no credit check, has a $3 monthly fee, and includes a free debit card with access to over 30,000 surcharge-free ATMs.

You’ll also get mobile and online banking, Zelle, bill pay, and early direct deposit. There are no overdraft fees with this account.

US Eagle Federal has branches in Albuquerque, Bernalillo, Farmington, and Santa Fe.

Apply online →

Wells Fargo

Wells Fargo
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Wells Fargo provides Clear Access Banking for individuals with past banking issues.

It requires a $25 opening deposit and has a $5 monthly fee, waived for account holders aged 13 to 24.

The account includes mobile banking, bill pay, and free access to over 13,000 ATMs nationwide.

Wells Fargo has branches across New Mexico in cities including Alamogordo, Albuquerque, Anthony, Artesia, Carlsbad, Farmington, Las Cruces, Las Vegas, Roswell, and Santa Fe.

Apply online →

Second Chance Banks by State

Choose your state from the list below to find second chance checking accounts and see what options are available near you.