KeyBank Promotions: $100, $200, $400 Checking, Referral Bonuses [Many States]

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:
  • Open your Key Express, Key Advantage, Key Privilege, or Key Privilege Select Checking account.
  • Use offer code: RETK1122
  • Make ONE single direct deposit of at least $500 within 90 days after account opening.

(Expires 12/09/2022)

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. 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 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.

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, $500+
• 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: ONAS1122
  • Open a Key Smart Checking®, Key Advantage Checking®, Key Privilege Checking® or Key Privilege Select Checking® account online by November 9, 2022.
  • Make one direct deposit of at least $500 within 60 days of account opening.

(Offer expires 12/09/2022)

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 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.

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, 2021 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.
• When it expires: 12/31/2022

(Expires 12/31/2022)

[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)

[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.
• When it expires: 01/02/2021

(Expires 01/02/2021)

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.