Non ChexSystems Banks in New Mexico
If you have found yourself on the ChexSystems database, you may be wondering how you will ever open another bank account. Luckily, there are financial institutions that do not use ChexSystems, or they subscribe to it but do not use the information to keep people from joining.
If you have poor financial credit, many banks will consider you a risk. This includes when you have bounced checks, kited checks, accrued NSF fees, or even had a negative balance for a specific amount of time. Oftentimes, once your poor credit has been noticed you will no longer be extended the opportunity to bank with ChexSystems banks. With 80% of all banks belonging to the ChexSystems agency, it can be difficult to find a bank that will work with you.
However, almost every state has what are sometimes called ‘last chance banks’ or ‘non-ChexSystems banks’ which provide services to customers with bad credit. These financial institutions accept you, knowing that you are a risk. This can mean that they may require a deposit to be held in reserve, in case of NSF fees, etc. or it may mean that they require some form of collateral. Either way, you are able to rebuild your credit by using these alternative banks or credit unions.
New Mexico has one financial institution that does not use ChexSystems. You may want to start with this one and see if they can provide the services you are looking for.
Please note that the information about non chexsystems banks changes each year (even month). We cannot guarantee any of the banks listed won’t do a non chexsystems check (though at the time of compiling, these banks don’t require a chexsystems check). You will have to call the banks to see.
We recommend trying to apply for the BBVA Compass ClearConnect Checking Account. This bank account can be applied for nationally and they have a reputation for giving accounts to customers with bad banking history — like you.
Even better, if you get your application rejected, they will offer you their Second Chance ‘BBVA Compass Easy Checking‘ Account. So either way, you should be able to get an account.
You can also see our list of Best Second Chance Accounts, which are accounts for people with EWS, Telecheck, or ChexSystems records.
Non Chexsystems Banks in New Mexico
Alamogordo Federal (575) 521-8100
BOK Financial (918) 588-6000
Commerce Bank (800) 453-2265
Compass Bank (800) 266-7277
Bank of Albuquerque Opportunity Checking
Lea County State Bank Opportunity Checking
New Mexico Educator’s Credit Union (800) 347-2838
More Non ChexSystems Banks in the US by State