The Best Banks & Credit Unions in New Mexico That Offer Second Chance Bank Accounts

ChexSystems can be a real pain to deal with when you’re trying to get a bank account opened in your name. It was established as a system to monitor and screen people who are looking to open checking and savings accounts. But the side effects of this kind system can result in you being unable to open a bank account even if you haven’t done anything shady.

Fortunately, there are still more than a couple of banks in New Mexico that don’t use ChexSystems for verification. We’ll be looking at some of these banks as well as what your options look like if you get flagged by ChexSystems.

Your Top Pick

BBVA is one of the most well-known banks for New Mexico residents that are looking for a second chance bank account.

You can open this account with as little as $25 for your initial deposit.

Why is it recommended for you?

Right now, a free checking account at BBVA is the only trusted option for customers looking for a Second Chance Checking account with high approval rate and excellent features and conditions. Use this opportunity to rebuild your credit while having a bank account with no restrictions.

  • Relaxed account opening requirements
  • Free ATM withdrawals on BBVA ATMs
  • Online and mobile banking facilities included
  • Customizable banking alerts
  • No hidden fees or ATM charges
  • Online & mobile banking facilities included
  • Customizable banking alerts
  • Available nationwide (except Alaska and Hawaii)
  • Member FDIC

You can open this account with as little as $25 for your initial deposit

Open a BBVA Account Now!

Local Banking Options

Following is the web's most comprehensive list of banks and credit unions in New Mexico that do not use ChexSystems and which may approve you for a bank account.

Please note that any unsuccessful attempt to open an account may have a negative impact on your credit history and score.

To avoid this, please check if there are any proven, top picked solutions are available in your area (listed above) or on our page with best non-ChexSystems banks and other banking alternatives.

See more: Comprehensive List of Non-ChexSystems Banks

Another note to add is that it's a good idea to get your free annual report and try to dispute ChexSystems.

This list also contains email responses from banks as well as applicants’ personal experiences and comments. This page is updated regularly, so please consider adding it to your bookmarks.

Bank of AlbuquerqueOpportunity Banking
Bank of the WestFresh Start
First American Community Credit UnionSecond Chance Checking
Go BankMobile Banking
GTE FinancialGo Further Checking
Lea County State BankOpportunity Checking
Navy Federal Credit UnionFree eChecking
Peoples Cash SolutionsSecond Chance Checking
Radius BankEssential Checking
SoFi MoneyCash Management Account
US BankSafe Debit Account
US Eagle Federal Credit UnionFlexChecking
Varo BankOnline Bank Account
Bank of AlbuquerqueOpportunity Banking
Bank of the WestFresh Start
First American Community Credit UnionSecond Chance Checking
Go BankMobile Banking
GTE FinancialGo Further Checking
Lea County State BankOpportunity Checking
Navy Federal Credit UnionFree eChecking
Peoples Cash SolutionsSecond Chance Checking
Radius BankEssential Checking
SoFi MoneyCash Management Account
US BankSafe Debit Account
US Eagle Federal Credit UnionFlexChecking
Varo BankOnline Bank Account
  • Jemez Valley Credit Union
    Form of Verification:

    Proper ID

    Email from Bank:

    We do not use ChexSystems or a credit report of any type.

    Types of Accounts Offered:

    Personal checking and savings

    Learn more about Jemez Valley Credit Union
  • Bank of the West
    Form of Verification:

    ChexSystems

    Special Notes

    The manager told me its called "Fresh Start". Your last entry into ChexSystems must be older than one year. Cannot say Fraud. $10 a month.

    Types of Accounts Offered:

    Second Chance Checking

    Learn more about Bank of the West