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.
- 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 Posts History below 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:
- Use offer code: ONAS0423
- Open a Key Smart Checking®, Key Advantage Checking®, Key Privilege Checking® or Key Privilege Select Checking® account online.
- Make ONE direct deposit of at least $500 within the first 60 days of account opening.
- Minimum opening deposit of $10 required.2
- 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.
- When it expires: 5/20/23
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA, TD BANK AND U.S. BANK.
Waive The Monthly Fee
- Key Smart Checking Account has no monthly service fees and no minimums
- As a Key Privilege client, you can avoid the $25 monthly Maintenance Service Charge 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 Service Charge.
- You are a Key@Work 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.
- To avoid the $50 monthly Maintenance Service Charge for Key Privilege Select Checking Account, you must 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 Key@Work program member and have a total of at least $5,000 in direct deposits each statement cycle credited to this Account.
- To avoid the $18 monthly Maintenance Service Charge for Key Advantage Checking Account, meet any of the following requirements:
- Any combination of balances from your KeyBank checking, savings deposit, certificates of deposit, retirement deposits, investment (including annuity balances reflected on your KIS account statement) and credit accounts was $10,000.00 or more.
- You have a KeyBank originated mortgage and you have automatic payment deducted via ACH deducting $500.00 or more from your Key Advantage Money Market 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 Service Charge.
- You are a Key@Work program member and you have direct deposits totaling $1000.00 or more credited to your Key Advantage Money Market Checking account during a statement cycle. 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 Service Charge until direct deposits are reinstated by your new employer.
Fine Print
- Open a Key Smart Checking®, Key Advantage Checking®, Key Privilege Checking® or Key Privilege Select Checking® Account by the expiration date and make a single KeyBank direct deposit of $500 or more within 60 days of account opening to get $200.
- Normal account service charges and balance requirements, including minimum opening deposit, apply.
- Direct deposit transactions eligible: payroll, Social Security, pension, government benefits. Trust Accounts, Estate, No Access excluded.
- Employees of KeyBank, its affiliates and subsidiaries not eligible for offer. Limit one gift per qualifying account and per individual.
- The value of the gift will be reported on Form 1099-INT and deposited within 90 days of meeting requirements.
- If account is closed within 180 days of opening, $25 account early closure fee will be charged. Miscellaneous charges may apply.
- Offer not available to individuals who had a KeyBank checking account or KeyBank Hassle-Free Account® in the last 12 months. Accounts overdrawn or closed at gift payment time not eligible.
- Offer subject to cancellation without notice and cannot be combined with any other offer. KeyBank not responsible for unauthorized offers. Geographic restrictions apply.
Bottom Line
Their better $300 offer hasn’t been available for some time now. So, this $200 one is the regularly available promo.
Posts History:
- KeyBank Promotions: Up To $500 In Referral Bonuses – 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.
