Building stronger financial futures for New Mexico residents.
Bank On New Mexico works to ensure that everyone has access to a safe, affordable bank or credit union account.
Powered by the nonprofit Prosperity Works, Bank On New Mexico is a collaboration between banks and credit unions, nonprofit and community organizations, and government agencies to ensure that consumers have access to Bank On certified accounts. Together, we are working to encourage economic stability and expand access to safe and affordable accounts.
“A key requirement for economic prosperity is access to a safe and affordable transactional financial account. Prosperity Works has supported thousands of New Mexicans to access financial accounts to build assets over the past 20 years. We are very excited to expand our asset building work through the development of the Bank On New Mexico Coalition.”Ann Lyn Hall, Chief Executive Officer of Prosperity Works
5.3%
Unbanked New Mexico Households
4.2% Unbanked Households Nationwide
44,785
Unbanked New Mexico households
Approximately 32,500 Hispanic/Latinx households, 9300 Native households, 1800 Black households, 1500 White households, and 100 Asian households
20.8%
Underbanked New Mexico Households
14.2% Underbanked Households Nationwide
BANK ON CERTIFIED ACCOUNTS ARE
Safe
These accounts do not allow overdraft or non-sufficient funds fees, so you’ll never be hit with a surprise fee.
Low or No-Cost
Certified accounts are $5 or less per month, with an opening deposit of $25 or less.
Functional
Certified accounts always allow free deposits, free withdrawals, and free bill payments.
Our Coalition
Join us in connecting New Mexico residents to safe and affordable banking products.
Bank On New Mexico coalition members are working together to ensure that all households have access to safe and affordable bank accounts that meet their needs, allows them to increase assets, and strengthen their financial stability.
News
Federal Government Eliminating Paper Checks Sept 30
The U.S Department of the Treasury will not be issuing paper checks after September 30 as announced in a press release on August 14, 2025. If your organization works with individuals
New Mexico ranks third on the top 10 worst states for banking access
New Mexico ranks third on list of top 10 worst states for banking access. Read in the ABQ Journal here.
Prosperity Works Awarded Fellowship to Expand New Mexico Banking Access
Press release announcing Bank On Fellowship award to Prosperity Works. Read the full press release here.