Best Business Bank in New Mexico

WaFd Bank has won Best Bank awards in both the Regional Bank and Employer categories every year since 2017, so you know you'll have a great partner to help you grow your business. Wherever your business is located in the state of New Mexico, WaFd is there for you. With branches from Farmington to Silver City, Hobbs to Clovis and just about everywhere in between, you'll be able to get your banking done and get back to running your business.

Get an Account That Works For You
All options come with business account online banking and the all the tools you need to get things done.
Business Credit Cards
Get cash back on purchases, plus flexibility and convenience. Our card options are designed for business owners like you!
WaFd is Here to Help Your Business Grow
From business lines of credit to commercial real estate financing, WaFd has options to fit your needs.

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New Mexico Business Services

WaFd Bank is here to help you manage and grow your business. Whatever your business needs are WaFd has business services to help you get back to doing what you do best! Find solutions for point of sale and inventory systems, payment processing services, accounting automation, and even getting your invoices paid in hours vs weeks with CollectEarly™, find ways to streamline your processes and increase productivity.

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What is Needed to Open a Business Bank Account in New Mexico

Starting a business bank account doesn't have to be complicated! The documents needed to open an account depend on your business structure, such as LLC or sole proprietorship, but typically you need to provide your EIN or SSN, the legal name of your business and any DBAs (doing business as) if different from the legal name of your business. Other than that, you'll need your own ID, any formation documents, and a printout from the Secretary of State verifying your business is active. You can read more in our article What is Needed to Open a Business Bank Account in New Mexico.

Businesswoman typing order while on phone with a client.

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Open a Business Bank Account Online

We've designed our accounts to work for you, whether you're looking for business checking or savings accounts we also have add-on services you can use to continue to grow your business. After opening your accounts, you can upgrade with Remote Deposit Capture, wires, and ACH. Come see for yourself the difference WaFd can make for you!

Open an Account