Business Checking

checkbook

We Offer A Wide Range of Accounts To Meet Your Needs

First New Mexico Bank, Las Cruces offers a complete line of business checking accounts that will make it easy for you to keep an eye on your business finances.

Business Lite

  • $500 minimum daily balance required each monthly statement cycle to avoid $5.00 service charge
  • An excess item charge of $0.25 plus tax for each debit/withdrawal in excess of (25) per cycle will be added to monthly service charge each statement cycle

Business First

  • $1,000 minimum daily balance required each monthly statement cycle to avoid $10.00 service charge
  • An excess item charge of $0.10 plus tax for each debit/withdrawal in excess of (100) per cycle will be added to monthly service charge each statement cycle

Business Plus

  • Only sole proprietorship eligible to hold account
  • Minimum daily balance of $1,500 per month to obtain annual percentage yield*
  • $1,500 minimum daily balance required each monthly statement cycle to avoid $15.00 service charge
  • An excess item charge of $0.15 plus tax for each debit/withdrawal in excess of (75) per cycle will be added to monthly service charge each statement cycle
  • $0.15 per item charge * over 75 debits

Business Money Market

  • Minimum daily balance of $2,500 per month to obtain annual percentage yield*
  • $2,500 minimum daily balance required each monthly statement cycle to avoid $15.00 service charge
  • Activity limited to 6 debits/withdrawals per month under Regulation D
  • $15 each excessive item charge per debit/withdrawal over 6 per four week period
  • Tiered *interest rates $2,500 – $24,999 and over $25,000

Business Account Analysis

  • Account activity charges and credits determined by analysis

All accounts require $100 to open.  All products as of 8/5/2015.

*See rate schedule for rates or speak with a customer service representative

New Mexico Gross Receipts tax will be collected on all fees except NSF Returned Item Fee.

 

 

 


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.


 Unlawful Internet Gambling Notice

Restricted transactions as defined in the Federal Reserve Regulation GG are prohibited from being processed through your account or relationship with our institution. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling.

Commercial Loans