KeyBank is offering a $200 cash bonus when you open a new checking account and make one single direct deposit of at least $500 within 60 days after the account opening. Take advantage of this exclusive offer and earn a $200 cash bonus by meeting offer requirements.
Key Takeaways
- Limited Time Offer: Secure a $200 cash bonus by opening a KeyBank checking account before May 10, 2024.
- Simple Requirement: Make a single direct deposit of at least $500 within 60 days of account opening to qualify.
- No Monthly Fees: Enjoy a Key Smart Checking Account with no monthly service fees and no minimum balance requirements.
- Avoid Monthly Fees for Key Select: Key Select Checking Account holders can avoid the $25 monthly fee by meeting certain criteria.
- Referral Bonus: KeyBank offers a $100 referral bonus, allowing you to earn up to $500 per year by referring friends.
Introduction: KeyBank’s Generous Checking Account Promotion
Are you looking for a new checking account that not only meets your banking needs but also rewards you right from the start?
KeyBank has just rolled out an enticing offer that’s hard to pass up. With a straightforward requirement and a generous cash bonus, KeyBank is making it more appealing than ever to join their banking family. Whether you’re new to KeyBank or considering switching your primary banking, this promotion offers a compelling reason to make the move. By opening a new KeyBank checking account and fulfilling a simple direct deposit requirement, you can enrich your banking experience with an extra $200 in your pocket.
Let’s look into the details of this offer and how you can take advantage of it before the deadline.
Recent Updates:
- Update 5/10/2024: The offer is back, now expiring 5/10/24. Use offer code PDSB0324.
- Update 1/21/2023: The offer is back to $200. The new expiration date is March 15, 2024. Use offer code PDSA0124.
- Update 12/11/2023: The bonus increased from $200 to $300 with new promo code LDSB1223.
- Update 10/16/2023: The offer was extended through 12/8/2023 with new promo code ONAF0923.
- Update 9/18/2023: The offer is back through 10/13/2023. The new offer code is ONAS0923.
- Update 8/22/2023: Offer is back through 9/15/2023. New offer code is ONAS0823.
- Update 7/26/2023: Offer is back through 8/18/2023. New offer code is ONAS0723.
- Update 6/23/2023: Offer is back through 7/21/2023. New offer code is ONAS0623.
- Update 5/31/2023: The offer has been extended until 6/16/23. The new offer code is ONAS0523.
- Update 4/17/2023: Offer has been extended until 5/20/2023. Offer code now ONAS0423.
- Update 3/15/2023: Offer has been extended until 4/7/2023.
- Update 2/3/2023: Offer has been extended until 3/3/2023 and now requires direct deposit. Details below.
- Update 1/9/2023: Offer has been extended until 2/23/2023 and no longer requires direct deposit. See the details below.
- Update 12/17/2022: Offer is back and valid until 1/6/23.
- Update 11/11/2022: The offer has been extended until December 9, 2022. The new offer code is ONAS1122. See offer below.
KeyBank is also offering a $100 referral bonus. You can earn up to $500 per year. Read more about it here.
See bottom of the page for more offers from KeyBank.
KeyBank Bonus: $200 Checking Offer
- What you’ll get: $200
- Where it’s available: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA
- How to earn it:
- Open Key Smart Checking or Key Select Checking account online.
- Use offer code PDSB0324 if not opened from the specified page.
- Minimum opening deposit: $10 for Key Smart Checking, $50 for Key Select Checking.
- Make a single qualifying direct deposit of at least $500 within 60 days of account opening.
- Bonus will be deposited into the account within 90 days of meeting the requirements.
- When it expires: 5/10/24
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA AND BMO.
Waive The Monthly Fee
- Key Smart Checking Account has no monthly service fees and no minimums
- The $25 monthly maintenance fee for the Key Select Checking Account can be avoided if one of the following requirements is met in a statement period:
- You have direct deposits totaling at least $5,000 during each statement period.
- You are a Key@Work® program member and have at least $3,000 in cumulative direct deposits each statement period. If you leave your current employer and direct deposits are 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.
- The combined balance in any combination of KeyBank checking and savings deposit accounts, certificates of deposit, retirement deposits, and Key Investment Services LLC accounts is $15,000 or more.
READ MORE: BE SURE TO GET THIS BMO OFFER BEFORE IT EXPIRES
Fine Print
- Minimum $50 deposit required to open a Key Select Checking Account.
- Key Select Checking Account is interest-bearing; contact 866-821-9154 or visit key.com for current balance tiers and rates.
- To earn a $100 bonus on your Key Select Checking Account, the following criteria must be met:
- Account will be reviewed for eligible direct deposits during Evaluation Periods.
- Eligible direct deposits must total at least $60,000 during the Evaluation Period.
- Eligible direct deposits are limited to electronic direct deposits like payroll, pension, and government benefits.
- At least one eligible direct deposit transaction must be received within the final 60 days of the Evaluation Period.
- The $100 bonus will be reported to the IRS and deposited into the checking account within 30 calendar days at the end of the Evaluation Period.
- Accounts closed, inactive, or in an escheatable status at the time of bonus payout are not eligible.
- Key Smart Checking Account or Key Select Checking Account must be opened by the specified expiration date and a single KeyBank direct deposit of $500 or more must be made within the first 60 days to receive a $200 bonus.
- Normal account service charges and balance requirements apply.
- Direct deposit transactions limited to payroll, Social Security, pension, and government benefits.
- Certain account types and individuals (KeyBank employees) are excluded from the offer.
- One account opening gift per qualifying account and per individual.
- The value of the gift will be reported on Form 1099-INT and deposited into the account within 90 days of meeting requirements.
- Fees may reduce earnings.
- Offer not available to individuals with a KeyBank checking account or KeyBank Hassle-Free Account® in the last 12 months.
- Overdrawn or closed accounts at the time of gift payment are not eligible.
- Offer is subject to cancellation without notice.
- KeyBank is not responsible for unauthorized or non-KeyBank website offers.
- Geographic restrictions apply.
READ MORE: GET THIS $200 OFFER FROM CHASE FOR A NEW PERSONAL CHECKING ACCOUNT
Bottom Line
Their better $300 offer hasn’t been available for some time now. So, this $200 one is the regularly available promo.
See more:
- KeyBank Promotions: Up To $500 In Referral Bonuses [Paused] – Ends 12/31/23
- Key2More Rewards Credit Card 50,000 Bonus Points ($100 Value)
- KeyBank Student Checking Account Review (Students 16 To 24)
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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