Choosing the right checking account can be daunting with so many options available. KeyBank offers a variety of checking accounts tailored to different needs, whether you’re seeking a no monthly fee option, a premium interest-bearing account, or one that helps you build savings effortlessly. Let’s dive into each type and find the one that suits your financial goals!
Key Takeaways
- Key Smart Checking®: A no monthly maintenance fee, simple checking option with a $300 bonus offer.
- Key Select Checking®: Offers interest and a $100 bonus year after year with direct deposit requirements.
- Key Hassle-Free Account®: An ideal choice for those who prefer a checkless, low-maintenance account.
KeyBank Checking Accounts Overview
1. Key Smart Checking®
This is KeyBank’s most popular option for those looking for a straightforward account. It has no monthly maintenance fees, no minimum balance requirements, and includes access to the KeyBank and Allpoint® nationwide ATM network.
- Promotion: Earn a $300 bonus by opening the account by October 17, 2025, and make the minimum opening deposit of $10, plus a total of $1,000 or more in eligible direct deposits within the first 90 days of account opening.
- Features:
- Minimum opening deposit: $10.
- Overdraft protection with no transfer fee when linked to an eligible KeyBank credit or savings account.
- Benefits:
- ATM Access: Enjoy fee-free transactions at KeyBank and Allpoint® ATMs nationwide.
- EasyUp®, Automatic Savings: Choose an amount from 10¢ to $5 to be sent to your KeyBank savings account or to a company to pay down debt faster every time you make a debit card purchase.
This account is perfect if you want a low-maintenance, easy-to-manage option that still offers great perks like the Early Pay service, which could allow you to access your direct deposits up to two days earlier
2. Key Select Checking®
For those seeking more benefits, Key Select Checking provides an interest-bearing option with additional rewards.
- Annual Bonus: Earn $100 year over year when you meet direct deposit requirements.
- Monthly Maintenance Fee: $25, which is waived if you maintain $5,000 a month in direct deposits or at least $15,000 in combined KeyBank balances
- Benefits:
- Earn Interest & Annual Bonus: Annual $100 cash bonus for eligible direct deposits, in addition to interest on balances. This bonus is not a one-time payment, but rather earned and paid out annually.
- ATM Fee Rebates: Up to $6 back per month on fees charged by out-of-network ATMs.
This account is ideal if you want to earn interest and bonuses but are also comfortable meeting higher balance requirements to waive fees.
3. KeyBank Hassle-Free Account®
This is a simple, checkless option for those who prefer digital banking without any monthly fees.
- No Monthly Fee: No maintenance fees, minimum balance requirements, or paper checks make it a low-commitment choice.
- ATM Access: Enjoy fee-free transactions at KeyBank ATMs nationwide.
It’s best for users who prefer managing their finances online and want to avoid any unnecessary fees.
4. Key Private Client® Checking
For those seeking a premium banking experience, Key Private Client® Checking offers personalized financial services and exclusive benefits designed for high-net-worth individuals. This account provides a tailored banking experience with a focus on relationship management and wealth-building opportunities.
Features and Benefits
- Personal Relationship Manager: Access to a dedicated relationship manager to assist with all your financial needs, from daily banking to long-term planning.
- Waived Fees: Enjoy waived fees on KeyBank services, including wire transfers, ATM transactions (even outside the network), and overdraft protection services.
- Enhanced Rates: Take advantage of relationship-based rates on mortgages, loans, and deposit accounts, providing better value and returns.
- Specialized Financial Advice: Get priority access to KeyBank’s investment and financial planning services, designed to optimize your wealth management strategy.
Requirements
To qualify for Key Private Client® Checking, clients must maintain a balance of at least $250,000 in combined deposits and/or investments at KeyBank. You have 90 days from account opening to meet this requirement. This tier is best suited for clients looking for a comprehensive and personalized banking experience with a focus on maximizing their financial potential.
Where is KeyBank Available?
KeyBank operates primarily in the Midwest, Northeast, and Western regions of the United States, with branches and services offered in over 15 states. These include:
- Midwest: Ohio, Michigan, and Indiana
- Northeast: Massachusetts, New York, Pennsylvania, Vermont, Connecticut, and Maine
- West: Alaska, Colorado, Utah, Idaho, Oregon, and Washington
In addition to branch locations, many KeyBank checking accounts provide access to its extensive network of over 40,000 fee-free ATMs nationwide, including both KeyBank and Allpoint ATMs
Customers can also manage their accounts and services through KeyBank’s secure online and mobile banking platforms, making it accessible even for those outside its physical service areas.
Our Take: Finding Your Perfect Match
Whether you’re after a simple, no monthly maintenance fee option like Key Smart Checking, prefer earning a year over year bonus through Key Select, or want a simple account with no overdraft fees with the Hassle-Free Account, KeyBank offers a variety of accounts to meet different banking needs. If you’re starting fresh or want a straightforward, low-cost account, Key Smart Checking is a top pick, especially with its attractive $300 bonus. For those looking for more features and willing to maintain higher balances, Key Select Checking provides an excellent mix of interest and bonuses.
Ready to open your account? Visit KeyBank’s website to explore the options further and take advantage of current promotions.
For more opportunities to earn bank bonuses, check out our guide to the Best Bank Promotions.
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