If you are in ChexSystems or EWS open a new account at a New Mexico No-ChexSystems bank. Some credit unions in New Mexico even offer second chance checking and there’s always the option of online checking accounts at No ChexSystems banks. New Mexico remains one of the highest unbanked and underbanked populations in the U.S. since a 2010 study by the Federal Deposit Insurance Corp.
One of every 3 households is unbanked or underbanked in New Mexico. The state has the seventh-highest percentage nationwide of families with no bank accounts, and 10th-highest percentage of underbanked households. Get back into banking and stop wasting money at check cashing stores and with prepaid card fees.
Get back into banking. A negative ChexSystems record can remain 5 years unless you successfully dispute ChexSystems to get it deleted. For consumers with an EWS record, it can last for 7 years unless you’re able to successfully dispute EWS.
Small Banks and Credit Unions in New Mexico may have second chance checking accounts or may be a New Mexico Non-Chexsystems Bank. More choices also exist at larger nationwide No-ChexSystems Banks and 2nd Chance Checking Accounts that will give you an opportunity to get back into banking.
New Mexico Online Checking Accounts – Bad Credit Okay
BBVA Compass offers a second chance checking account that uses Early Warning Services to verify new account holders. BBVA’s award winning banking app allows customers easy access to online and mobile banking, free bill pay and mobile check deposits.
What else can you expect from this checking account?
- Apply with only $25 opening deposit
- No monthly Service Charge
- Complimentary Online Banking and Mobile Banking, Bill Pay and Online Statements
- No ATM withdrawal fees at any BBVA Compass or Allpoint® ATM
- Compass Bank, Member FDIC
Earn high interest plus enjoy mobile and direct deposit and free bill payment. BBVA uses Early Warning Services to verify new customers. The account requires a $25 deposit to open. A money market account is like your basic savings account except with higher earning rates. That means you grow your money faster. The higher your balances, the greater your interest-earning possibilities. Open today.
New Mexico Second Chance Checking Accounts and New Mexico Non ChexSystems Banks
Chime Bank is primarily a spending account to conduct your daily expenses that anyone can open. Get paid up to 2 days early with early direct deposit. Other features include no overdraft fees and no monthly service fees. If you need a check written, Chime Bank will create and mail a paper check for you at no charge. No opening deposit required. If you open a savings account too, you can save money when you make a purchase or pay a bill with your Chime Visa® Debit Card. Chime will round up transactions to the nearest dollar and transfer it to your savings account.
1st Convenience Bank does not use ChexSystems and can be opened with only $1. The Checking with Interest monthly maintenance fee is $12. Customers enjoy a FREE Debit MasterCard®; FREE Online Services and FREE Money Orders.
Bank of Albuquerque offers an “Opportunity Checking” account designed to let you start over even though you’ve been reported to ChexSystems. You must visit a banking center to apply for the account. Features of the Opportunity Checking include a $50 minimum opening deposit, free Visa Debit Card, Online BillPay – $3.95 monthly fee; includes 15 payments per month & $0.40 per payment thereafter. The monthly service fee is $14.95.
Bank of the Southwest offers a variety of checking accounts to fit your financial needs and goals. If your ChexSystems record is paid and over one year old you may be able to open an account.
They offer a Second Chance Checking Account. Rebuild your credit with this convenient account. The monthly service charge is $10 and there is no minimum balance requirement.
Jamez Valley Credit Union only requires proper identification to open an account. One of the accounts offered is the Share Draft Checking Account that features nO monthly service fee, no minimum balance required and dividends are paid monthly on balances of $2,000.00.
Lea County State Bank offers an Opportunity Checking Account that requires a $100 minimum opening deposit. There are fees associated with this account.
Bank of the West does run a ChexSystems report but they have a second chance banking program called “Fresh Start.” Your Chexsystem listing must be older than one year and it cannot be for fraud. Basic checking has a $10 monthly fee but it is waived when you: Maintain an average monthly balance of $1000; Receive a direct deposit of $250; or Use your Bank of the West Debit Card for 10 or more purchases during each statement cycle.
Most US Bank branches located “in store” branches will open a checking or savings account for consumers in ChexSystems; some “in-store” branches even have signs stating “Chexsystems? No Problem!”. But you must not owe US Bank money if they reported you to ChexSystems or have been reported to ChexSystems for fraud. Some regular branch locations may also open an account but it’s best to call first to inquire. The minimum opening deposit is $25.
Non-ChexSystems Banks by State
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia