Are you interested in a new banking experience? Here’s an updated list of KeyBank promotions, bonuses, and offers.
Currently, they have a $100, $200 when you open a checking account and meet all the requirements.
KeyBank Promotions Review
The Consumer Bank serves individuals and small businesses throughout their 15-state branch footprint and through their national Laurel Road® digital lending business targeted toward healthcare professionals by offering a variety of deposit and investment products, personal finance and financial wellness services, lending, student loan refinancing, mortgage and home equity, credit card, treasury services, and business advisory services. In addition, wealth management and investment services are offered to assist nonprofit and high-net-worth clients with their banking, trust, portfolio management, charitable giving, and related needs.
The Commercial Bank includes their Institutional and Commercial operating segments. The Commercial operating segment is a full-service corporate bank focused principally on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology. The Commercial operating segment is also a significant servicer of commercial mortgage loans and a significant special servicer of commercial-backed mortgage security. The Institutional operating segment delivers a broad suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance.
I’ll go over KeyBank offers below.
KeyBank Key Smart Checking® $200 Checking Bonus
What You’ll Get: $200 bonus- Availability: AK, CO, CT, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA (Bank Locator)
- Direct Deposit Requirement: Yes
- Monthly Maintenance Fee: None
- How to Earn It:
- Earn $200 by opening a Key Smart Checking® account online by December 8, 2023 and making the minimum opening deposit of $10, plus one direct deposit of at least $500 within the first 60 days of account opening.
- Your $200 cash bonus will be deposited into your account within 90 days of meeting requirements.
- Account must not be closed or restricted during the time of promotional period.
(Expires 12/08/2023)
| Compare this offer to some of the higher end checking offers available such as U.S. Bank Smartly® Checking ($450 Bonus), and TD Bank Beyond Checking ($300 Bonus), Fifth Third Bank Preferred Checking ($200 Bonus), KeyBank Checking ($200 bonus). |
Fine Print
- You must open a Key Smart Checking® Account (this is the basic banking account in NY) by the expiration date at 11:59 p.m. (ET) and make ONE single KeyBank direct deposit of $500 or more within the first 60 days after account opening to get $200.
- Normal account service charges and balance requirements apply to these accounts, including the minimum opening deposit.
- Direct deposit transactions are limited to: payroll, Social Security, pension and government benefits.
- Accounts titled as Trust Accounts, Estate and No Access are excluded from eligibility.
- Employees of KeyBank, its affiliates and subsidiaries are not eligible for this offer.
- One account opening gift per qualifying account. One account opening gift per individual.
- The value of your gift will be reported on Form 1099-INT and deposited into your account within 90 days of meeting requirements.
- Fees may reduce earnings.
- Offer not available to individuals who have had a KeyBank checking account or a KeyBank Hassle-Free Account® in the last 12 months.
- Accounts overdrawn or closed at the time of gift payment are not eligible.
- Offer is subject to cancellation without notice.
- KeyBank is not responsible for, and will not honor, promotional offers that appear on non-KeyBank websites or that are not authorized by KeyBank.
- Geographic restrictions apply.
KeyBank Key Select CheckingSM $200 Account Opening Bonus + $100 Annual Cash Bonus
Earn a $200 bonus when you open a Key Select CheckingSM account with qualified activities. This is KeyBank’s premium checking account that earns interest and a $100 cash bonus year after year with qualifying activities (this is separate from the $200 welcome bonus – see requirements below).
- What you’ll get: $200 account opening bonus + $100 Annual Cash Bonus
- Availability: AK, CO, CT, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA
- Direct Deposit Requirement: Yes
- Monthly Maintenance Fee: $25, avoidable if requirements are met
- How to Earn It:
- Earn $200 by opening a Key Select CheckingSM account online by December 8, 2023 and making the minimum opening deposit of $50, plus one direct deposit of at least $500 within the first 60 days of account opening.
- Your $200 cash bonus will be deposited into your account within 90 days of meeting requirements.
- Account must not be closed or restricted during the time of promotional period.
(Expires 12/08/2023)
| Furthermore, I would compare this offer to U.S. Bank Smartly® Checking ($450 Bonus), SoFi Checking and Savings Account ($275 Bonus), Chase Total Checking ($200 Bonus), Fifth Third Bank Momentum® Checking ($200 Bonus), KeyBank Checking ($200 bonus). |
Fine Print
- Normal account service charges and balance requirements apply to these accounts, including the minimum opening deposit.
- Direct deposit transactions are limited to: payroll, Social Security, pension and government benefits.
- Accounts titled as Trust Accounts, Estate and No Access are excluded from eligibility.
- Employees of KeyBank, its affiliates and subsidiaries are not eligible for this offer.
- One account opening gift per qualifying account. One account opening gift per individual.
- The value of your gift will be reported on Form 1099-INT and deposited into your account within 90 days of meeting requirements.
- Fees may reduce earnings.
- Offer not available to individuals who have had a KeyBank checking account or a KeyBank Hassle-Free Account® in the last 12 months.
- Accounts overdrawn or closed at the time of gift payment are not eligible.
- Offer is subject to cancellation without notice.
- KeyBank is not responsible for, and will not honor, promotional offers that appear on non-KeyBank websites or that are not authorized by KeyBank.
- Geographic restrictions apply.
KeyBank Key Select Money Market Savings®
- What You’ll Get: Earn 3.50% – 5.00% interest rate (2.14 – 3.17% blended APY*) for 6 months.
- Availability: AK, CO, CT, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA
- Direct Deposit Requirement: No
- Monthly Maintenance Fee: $20, avoidable if requirements are met
- How to Earn It:
- Earn 3.50% – 5.00% interest rate (2.14 – 3.17% blended APY*) for 6 months.
- Rate available on balances of $25,000 to $1,999,999.99 with an increase in total relationship balances of at least $25,000.
- To earn the 6 month bonus APY: Open a new Key Select Money Market savings account. Deposit at least $25,000 to your Key Select Money Market Savings account or other eligible accounts. Maintain a balance of $25,000 to $1,999,999.99 with an increase in total relationship balances of at least $25,000.
(at KeyBank)
*The APY for this account varies by location. Click “Learn More” to find the APY available in your zip code.
| Compare this savings account to alternatives like SoFi Checking and Savings Account ($275 Bonus + 4.50% APY), CIT Bank Platinum Savings (5.05% APY). |
Fine Print
- Competitive Interest Rates. Our interest rates are compounded daily to give you the best possible returns.
- Waivable Monthly Maintenance Fee. To waive the monthly maintenance fee, you need to have either a premium KeyBank checking account, or a minimum daily balance of $25,000.
- Check Writing and Transfers. Access your savings anytime with an unlimited number of withdrawals and transfers.
- Secure, Easy Online Banking. Check your balance, make deposits and manage your account anytime with KeyBank online and mobile banking.
- Overdraft Protection. Link a savings account to your checking account to automatically cover overdrafts without a transfer fee.
- FDIC Insurance. This account is FDIC insured up to the maximum allowable limit.
How To Avoid Monthly Fees
- Key Smart Checking®: No monthly maintenance fee
- Key Select CheckingSM: The $25 monthly maintenance fee for the Key Select Checking℠ Account can be waived by:
- Having direct deposits totaling at least $5,000 during each statement period. OR
- Being a Key@Work® program member and having at least $3,000 in cumulative direct deposits each statement period. OR
- Having a combined balance in any combination of KeyBank checking and savings deposit accounts, certificates of deposit, retirement deposits, and Key Investment Services LLC accounts of $15,000 or more.
- Also, the fee is waived for the first three statement cycles.
- Key Select Money Market Savings®: $20 Waivable Monthly Maintenance Fee
- Waive the $20 monthly maintenance fee when you have either a premium KeyBank checking account or a minimum daily balance of $25,000.
Author’s Verdict
KeyBank offers some of the best promotions, bonuses, and offers available. That is because branches are bountiful and you can even sign-up for these accounts online.
For more current offers, check out our bank bonuses page. Compare KeyBank rates for CDs and Savings with our best rates for Savings and CD accounts.
Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
Check back to see all Keybank bonuses, offers, and promotions here.
About KeyCorp: For more information, visit https://www.key.com/. KeyBank is Member FDIC. STUDENT LOANS, MORTGAGES, PERSONAL LOANS AND CREDIT CARDS ARE NOT FDIC INSURED OR GUARANTEED. All credit products are subject to collateral and/or credit approval, terms, conditions, availability and are subject to change. NMLS #399797. Equal Housing Lender.
Laurel Road is a brand of KeyBank N.A. All products are offered by KeyBank N.A.
Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank). Investment and insurance products made available through KIS and KIA are:
NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank.
hi—if there is a referral code for this 400 send to me
https://www.key.com/personal/promo/get-400.html?ppc=2211_CMPCON_RETK1122_dm
A word of caution that Key Bank uses a Social Security benefit as one of the very few ways to make a direct deposit that satisfies the terms of the bonus, and the only way possible for me since they don’t accept withdrawals from an IRA as a “pension”, and I have only a small pension from my early days of working.
From what I saw after opening the account, it would be difficult to get that accomplished in time without checking on the ssa.gov website, to know when you should open the account. My estimate is that there might be only six days in a month to open the account, and you still have to act very quickly to change the Social Security payment as well.
I made this mistake and opened an account without doing this, and was left without any possibility of getting the bonus from the start, and now waiting for the 180 days to go by so I can close this account without penalty.
Not exactly illegal, but I do think a bit sleazy, not sure what it accomplishes for them. Well, you will get contacted right away from their agents, so maybe they try to get some things sold to you before you discover that you’re not getting a bonus after all.
Key bank will NOT honor any promo unless you have also a reservation code
How do you get a code if you were not targeted? Can you call and ask to open over the phone?
If I opened the $400 promo account within the time frame but my first direct deposit didn’t go in until after the promo expired, am I still eligible?
I know they give you 60 days to have a direct deposit.
Can’t get a real answer from them.
As long as you do the direct deposit requirement within 60 days of opening the account, you are ok.
Hi