Deposit Products

First New Mexico Bank, Las Cruces offers a wide variety of accounts and convenient services to make banking easier, but the best part is that we are here for you.
The latest products and services delivered with a personal touch. That's our promise to you.

Lite Checking:

No excessive item charge on 20 or fewer debit/withdrawals per statement cycle
An excessive item charge of $.30 for each debit/withdrawal in excess of 20 twenty per cycle
Paper statement fee of $3.00 per month to receive paper statement

E-Checking:

$200 minimum daily balance required each monthly statement cycle to avoid $3.00 monthly service charge
$3.00 monthly service charge each statement cycle with minimum daily balance <$200
eStatements required to qualify for account.
Online Banking required
No paper statement fee

Personal Checking:

$500 minimum daily balance required each monthly statement cycle to avoid $5.00 monthly service charge
$5.00 monthly service charge each statement cycle with minimum daily balance <$500
Paper statement fee of $3.00 per month to receive paper statement

Senior Checking:

Age 55 and over
No service charge
No minimum balance required
No interest earned
Unlimited check writing
Complimentary basic checks
No paper statement fee

Interest Checking:

$1,000 minimum daily balance required each monthly statement cycle to avoid $10.00 monthly service charge; interest paid on daily balance above minimum $1,000
$10.00 monthly service charge each statement cycle with minimum daily balance <$1,000 and no interest
Paper statement fee of $3.00 per month to receive paper statement

Money Market Account:

$2,500 minimum daily balance required each monthly statement cycle to avoid $10.00 monthly service charge and earn money market rate
$10.00 monthly service charge each statement cycle with minimum daily balance <$2,500
Tiered interest rates:
- $1,000 -$2,499.99
- $2,500 - $24,999.99
- $25,000 - $99,999.99
- $100,000 and over
Activity limited to 6 debits/withdrawals per month under Regulation D
$10 excessive item charge per each debit/withdrawal in excess of 6 per statement cycle
No paper statement fee

Savings Account:

$50 minimum daily balance required to earn interest
$100 minimum daily balance required to avoid $5.00 per quarter service charge
Tiered interest rates:
- $50.00 - $999.99
- $1000 +
Activity limited to 6 debits/withdrawals per month under Regulation D
No charge for first 6 debits/withdrawals per quarter, thereafter $2.00 each excessive item charge per debit/withdrawal
Paper statement fee of $2.00 per quarter to receive paper statement
Senior Savings (Age 55 & over)- All items above with addition of unlimited withdrawals in person or at ATM and no paper statement fee

*All accounts require $100 to open. All product descriptions as of 11/14/2016.
*Sales tax will be collected on all deposit product service charges and fees.
*Excessive item charge for all accounts will be included in the service charge each statement cycle.

USA Patriot Act:

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING OR CHANGING AN ACCOUNT WITH OUR FINANCIAL INSTITUTION

Section 326 of the USA PATRIOT ACT requires all financial institutions to obtain, verify and record information that identifies each person who opens an account or changes an existing account. This federal requirement applies to all new customers and current customers. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.

What this means to you: when you open an account or change an existing account, we will ask each person for their name, physical address, mailing address, date of birth and other information that will allow us to identify them. We will ask to see each person’s driver’s license and other identifying documents and copy or record information from each of them.