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, $400 bonus when you open a Checking Account and meet all the requirements.
KeyBank Promotions Review
KeyBank has a strong tradition of embracing diversity and giving back to the community. For almost a century, they have helped their customers take charge of their personal finances by offering a wide range of financial services at each and every branch.
I’ll go over KeyBank offers below.
KeyBank $400 Checking Bonus
- What You’ll Get: $400 bonus
- Availability: AK, AL, CO, CT, FL, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA (Bank Locator)
- Direct Deposit Requirement: Yes, $500+
- Credit Inquiry: Soft Pull
- Monthly Fees: $0 to $50, avoidable.
- Early Account Termination Fee: $25 if close within 180 days
- How to Earn It:
- Use offer code RETK0323 to open your qualifying checking account by May 11, 2023.
- Make ONE single direct deposit of at least $500 within 60 days after account opening.
- Minimum opening deposit is required.
- Your gift will be deposited into your account within 60 days of meeting the requirements if your account is open and not overdrawn.
(Expires 05/11/2023)
Furthermore, I would compare this offer to Citi Priority Account (Up to $2,000 Cash Bonus), U.S. Bank Smartly® Checking (Up to $400 Bonus), Fifth Third Bank Momentum® Checking ($225 Bonus), SoFi Checking and Savings Account ($275 Bonus), Chase Total Checking ($200 Bonus). |
Fine Print
- You must open a Key Smart Checking® account (this is the basic banking account in NY), Key Advantage Checking® account, Key Privilege Checking® account or Key Privilege Select Checking® account by the expiration date at 11:59 p.m. (ET) and make ONE single direct deposit of $500 or more within 60 days after account opening to get $400.
- Normal account service charges and balance requirements apply to these accounts, including the $10 minimum opening deposit of a Key Smart Checking account, or the $50 minimum opening deposits of a Key Advantage Checking account, Key Privilege Checking account or Key Privilege Select Checking account.
- 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.
- You must have received a personalized offer/coupon/promotional code directly from KeyBank via mail or email and enter an offer/reservation code at the time of account opening to qualify.
- Limit one gift per qualifying account.
- Limit one gift per individual.
- The value of your gift will be reported on Form 1099-INT and deposited into your account within 60 days of meeting requirements.
- 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 any time prior to receipt of gift payment are not eligible.
- If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee. Other miscellaneous charges may apply. Offer is subject to cancellation without notice and cannot be combined with any other offer. KeyBank is not responsible for, and will not honor, promotional offers that appear on non-KeyBank websites or that are not authorized by KeyBank. Some eligible checking accounts are interest bearing; for current balance tiers and rates, please call 1-866-821-9154 or visit key.com/comparechecking. Geographic restrictions apply and account opening is subject to approval.
KeyBank $200 Checking Bonus
What You’ll Get: $200 bonus
- Availability: AK, AL, CO, CT, FL, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA (Bank Locator)
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull
- Monthly Fees: $0 to $18, avoidable.
- Early Account Termination Fee: $25 if close within 180 days
- How to Earn It:
- Use offer code: ONAS0523
- Open a Key Smart Checking® or Key Select Checking? account online by June 16, 2023.
- Make ONE qualifying direct deposit of at least $500 within the first 60 days of account opening.
- Minimum opening deposit of $10 required.4
- Your gift will be deposited into your account within 90 days of meeting requirements if your account is open and not overdrawn.
- Offer redeemable online only.
(Expires 06/16/2023)
Compare this offer to some of the higher end checking offers available such as Citigold® Checking Account (Up to $2,000 Cash Bonus), U.S. Bank Smartly® Checking (Up to $400 Bonus), Fifth Third Bank Preferred Checking ($225 Bonus), and TD Bank Beyond Checking ($300 Bonus). |
Fine Print
- You must open a Key Smart Checking® Account (this is the basic banking account in NY) or Key Select Checking? Account 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.
- Limit one gift per qualifying account.
- Limit one 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.
- If you close your account within the first 180 days of account opening, you will be charged a $25 account early closure fee.
- Other miscellaneous charges may apply.
- 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 and cannot be combined with any other offer.
- 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 $100 Referral Bonus (Up to $500)
What you’ll get: $100 for each referral, up to $500 total
- Availability: AK, AL, CO, CT, FL, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA (Bank Locator)
- Credit Inquiry: Soft Pull
- Credit Card Funding: Up to $50
- Early Termination Fee: $25 if account is closed within 180 days
- How to earn it:
- Send your friend a custom URL they can use to open a new KeyBank checking account.
- Earn $100 when your friend opens a new qualifying checking account with minimum opening deposit by December 31, 2023 and makes one direct deposit of at least $500 in the first 60 days.
- Your $100 gift will be delivered to you within 60 days of meeting the requirements as long your account is open and not overdrawn.
- Your friend gets a great new account and $100, too.
(Expires 12/31/2023)
Furthermore, I’d recommend checking out Chase Business Complete BankingSM ($300 or $500 Bonus), U.S. Bank Business Checking ($500 or $750 Bonus), Axos Bank Basic Business Checking ($100 Bonus), Huntington Unlimited Plus Business Checking ($1,000 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus). |
[Expired] KeyBank $250 Checking Bonus – [email protected] Members
What you’ll get: $250 bonus
- Availability: AK, AL, CO, CT, FL, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA (Bank Locator)
- Credit Inquiry: Soft Pull
- Credit Card Funding: Up to $100
- Early Termination Fee: Unknown
- How to earn it:
- Open your Key Express, Key Advantage, Key Privilege, or Key Privilege Select Checking account.
- Use offer code: ONKW0820
- Make a total of $1,000 in direct deposit within 60 days after account opening.*
- [email protected] Members only
- When it expires: 06/25/2021
Editor’s Note: This offer is only available in the following markets ONLY: Albany, Buffalo, Cleveland, Denver, Hartford-New Haven, Pittsburgh, Portland, Rochester, Seattle, and Syracuse.
(Expires 06/25/2021)
Furthermore, I would compare this offer to Citi Priority Account (Up to $2,000 Cash Bonus), U.S. Bank Smartly® Checking (Up to $400 Bonus), Fifth Third Bank Momentum® Checking ($225 Bonus), SoFi Checking and Savings Account ($275 Bonus), Chase Total Checking ($200 Bonus). |
[Expired] KeyBank $250 Savings Bonus
What you’ll get: $250 bonus
- Availability: AK, AL, CO, CT, FL, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA (Bank Locator)
- Credit Inquiry: Soft Pull
- Credit Card Funding: Up to $100
- Early Termination Fee: Unknown
- How to earn it:
- To receive the $250 cash gift,
- Must have or open a KeyBank relationship package checking account (Key Advantage Checking®, Key Privilege Checking®, or Key Privilege Select Checking®).
- Open your Key Gold Money Market Savings account online or in a branch, using the code and reservation number from your email.
- You must deposit a minimum of $25,000 of funds not currently held in accounts at KeyBank or its affiliates and maintain a daily balance of $25,000 or more in the Gold Money Market Savings account.
- To receive the $250 cash gift,
- When it expires: 01/02/2021
(Expires 01/02/2021)
Compare this savings account to alternatives like SoFi Checking and Savings Account ($275 Bonus + 3.25% APY), UFB Premier Money Market (4.81% APY), CIT Bank Platinum Savings (4.85% APY). |
How To Avoid Monthly Fees
- Key Smart Checking: No monthly fees
- Key Advantage Checking: $18 monthly fee waived if:
- The combined balance in any combination of KeyBank checking and savings deposit accounts, certificates of deposit, retirement deposits, investment account* (including annuity balances reflected on your KIS account statement) and credit accounts was $10,000.00 or more.
- You have a mortgage originated through KeyBank and you have an automatic payment deduction plan via ACH deducting $500.00 or more from your Key Advantage Checking account during a statement cycle. If your mortgage automatic payment deduction plan should be discontinued, you may be subject to the combined balance requirements to avoid the monthly maintenance fee.
- You are a [email protected] program member and you have direct deposits totaling $1000.00 or more credited to your Key Advantage Checking account during a statement cycle. If you should leave your current employer and direct deposits have been discontinued, you may be subject to the combined balance requirement to avoid the monthly maintenance fee until direct deposits are reinstated by your new employer.
- Key Privilege Checking: $25 monthly fee waived if:
- You maintain a combined balance of $25,000 or more in any combination of deposit, investment, and credit accounts.
- You have a mortgage originated through KeyBank and you have an automatic payment deduction plan via ACH deducting $500 or more from your Key Privilege Checking account during a statement cycle. If your mortgage automatic payment deduction plan should be discontinued, you may be subject to the combined balance requirements to avoid the monthly maintenance fee.
- You are a [email protected] program member and you have direct deposits totaling at least $2,500.00 or more credited to this account during a statement period. If you leave your current employer and direct deposits stop, you may be subject to the combined balance requirement to avoid the monthly Maintenance Service Charge until direct deposits are reinstated.
- Key Privilege Select Checking: $50 monthly fee waived if:
- Maintain a minimum of $100,000 in combined relationship balances (sweep investment, deposits and investment [including annuity balances reflected on your KIS account statement]) each statement cycle OR
- Be a [email protected] program member and have a total of at least $5,000 in direct deposits each statement cycle credited to this Account.
- KeyBank Hassle-Free Account: No monthly fees
- KeyBank Basic Business Checking: $5 monthly fee waived if:
- The Average Ledger Balance in your KeyBank Basic Business Checking account was $1,000.00 or more during the monthly statement period; or
- The total of the following was $10,000.00 or more: 1) the combined cycle-to-date Average Ledger Balance in any combination of business checking (excluding certain business accounts opened for the benefit of others), business savings and business certificates of deposit accounts within two business days prior to your KeyBank Basic Business Checking account statement cycle date; and/or 2) the outstanding balance of all commercial loans and lines of credit including your Business Cash Reserve credit account(s) (excluding balances past due 60 days or more) as of no more than five business days prior to your KeyBank Basic Business Checking account statement cycle date.
- KeyBank Business Interest Checking: $15 monthly fee waived if:
- The Average Ledger Balance in your KeyBank Business Interest Checking account was $5,000.00 or more during the monthly statement period; or
- The total of the following was $15,000.00 or more: 1) the combined cycle-to-date Average Ledger Balance in any combination of business checking (excluding certain business accounts opened for the benefit of others), business savings and business certificates of deposit accounts within two business days prior to your KeyBank Business Interest Checking account statement cycle date; and/or 2) the outstanding balance of all commercial loans and lines of credit including your Business Cash Reserve credit account(s) (excluding balances past due 60 days or more) as of no more than five business days prior to your KeyBank Business Interest Checking account statement cycle date.
- Key Business Reward Checking: $25 monthly fee waived if:
- The Average Ledger Balance in your Key Business Reward Checking account was $7,500.00 or more during the monthly statement period; or
- The total of the following was $20,000.00 or more: 1) the combined cycle-to-date Average Ledger Balance in any combination of business checking (excluding certain business accounts opened for the benefit of others), business savings and business certificates of deposit accounts within two business days prior to your Key Business Reward Checking account statement cycle date; and/or 2) the outstanding balance of all commercial loans and lines of credit including your Business Cash Reserve credit account(s) (excluding balances past due 60 days or more) as of no more than five business days prior to your Key Business Reward Checking account statement cycle date.
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.
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