Are you interested in a new banking experience? Here’s an updated list of KeyBank promotions, bonuses, and offers.
Currently, they have a $200, $250 bonus when you open a Checking Account or Savings Account and meet all the requirements.
Table of Contents
- 1 About KeyBank Promotions Review
About KeyBank Promotions Review
KeyBank has a long history of commitment to diversity, and to help out their community. For over a hundred years, they have been helping their customers take control of their financial future with their multitude of financial services at any branch.
I’ll review the current KeyBank promotions below.
KeyBank $200 Checking Bonus
KeyBank is offering a $200 bonus when you open a new eligible checking account and meet the qualifying requirements.
- What you’ll get: $200 bonus
- Account Type: Key Smart Checking
- 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+ required
- Credit Inquiry: Soft Pull
- ChexSystem: Mixed Datapoints, might be sensitive
- Credit Card Funding: Up to $50
- Monthly Fees: $7, avoidable
- Early Account Termination Fee: $25 if close within 180 days
- Household Limit: None
(Offer expires 07/15/2022)
| You can compare this to several great entry level Checking accounts with bonus offers include the Citi Priority Account (Up to $1500 Cash Bonus), Chase Total Checking® ($200 bonus), U.S. Bank Checking ($400 bonus), and Aspiration Spend & Save Account ($150 bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Use offer code: ONAS0622
- Open a Key Smart Checking®, Key Advantage Checking®, Key Privilege Checking® or Key Privilege Select Checking® account online by July 15, 2022.
- Make ONE direct deposit of at least $500 within the first 60 days of account opening.
- Minimum opening deposit required.
- 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.
- 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)
Earn a $100 bonus at KeyBank!
KeyBank is offering a $100 bonus when you refer friends who open a new eligible checking account and meet the qualifying requirements.
- What you’ll get: $100 bonus
- Account Type: Checking
- Availability: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA
(Offer expires December 31, 2022)
| If you're looking for more advanced features for a checking account, you may want to compare this offer to the following: Citigold® Checking Account (Up to $1500 Cash Bonus), U.S. Bank Platinum Checking ($300 Bonus), Huntington 25 Checking ($300 Bonus), and BMO Harris PremierTM Account ($500 Bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
Qualify for $100 per referral – up to $500 per year.
- 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, 2022 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.
- You must be a current KeyBank consumer checking or savings client at the time of referral.
- Referrals must be made with the email address of the primary account holder/owner.
- The client you refer must be the primary owner on the account they open
- . The client you refer must open a Key Smart Checking® account with a minimum opening deposit of $10 (this is the basic banking account in NY), or a Key Advantage®, Key Privilege®, or Key Privilege Select Checking® account with a minimum opening deposit of $50 and make a single direct deposit of $500 or more within 60 days after account opening (direct deposit transactions are limited to payroll, Social Security, pension and government benefits)in order for you to receive your referral gift of $100.
- Referee offer is available to clients who do not have or haven’t had a KeyBank Hassle-Free Account® or a KeyBank checking account during the past 12 months.
- Due to privacy regulations, KeyBank is unable to disclose the status of your referral’s account opening and account usage.
- Your existing checking account must be open and in good standing upon gift payment.
- Your gift will be delivered within 60 days of the referred new client meeting all requirements.
- If the Referee accepts a different promotion available in market, other disclosures may apply.
- Employees of KeyBank, its affiliates, or subsidiaries are not eligible to receive the $100 referral gift.
- Offer is subject to cancellation without notice.
- The maximum you can earn by referring new KeyBank clients is $500 per qualifying customer per calendar year.
- Your participation in this program may result in the receipt of taxable income from KeyBank and we may be required to send to you, and file with the IRS, a Form 1099-MISC (miscellaneous income).
- You are responsible for any tax liability, including disclosure requirements, related to participating in this program.
- Please consult your tax advisor if you have any questions about your personal tax situation.
- Offer cannot be sold/auctioned.
KeyBank $400 Checking Bonus
Take advantage of a $400 bonus from KeyBank when you sign up for a new Checking Account utilizing the promo code RETK0722.
- What you’ll get: $400 bonus
- Account Type: Smart Checking, Advantage Checking, Privilege Checking, Privilege Select Checking
- Availability: AK, AL, CO, CT, FL, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VT, WA
- Direct Deposit Requirement: Yes, $500+ required
- Credit Inquiry: Soft Pull
- ChexSystem: Mixed Datapoints, might be sensitive
- Credit Card Funding: Up to $50
- Monthly Fees: $7, avoidable
- Early Account Termination Fee: $25 if close within 180 days
- Household Limit: None
(Offer Expires August 19, 2022)
| If you're looking for more advanced features for a checking account, you may want to compare this offer to the following: Citigold® Checking Account (Up to $1500 Cash Bonus), U.S. Bank Platinum Checking ($300 Bonus), Huntington 25 Checking ($300 Bonus), and BMO Harris PremierTM Account ($500 Bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open your Key Express, Key Advantage, Key Privilege, or Key Privilege Select Checking account.
- Use offer code: RETK0722
- Make ONE single direct deposit of at least $500 within 90 days after account opening.
- 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 $250 Checking Bonus – Key@Work Members Only *Expired*
Earn a $250 bonus when joining the Key@Work Program and opening a checking account.
KeyBank is offering new Key@Work Members a chance to earn $250 bonus when they enroll for the program using marketing code ONKW0121 and open a new checking account.
- What you’ll get: $250 bonus
- Account Type: Checking
- Availability: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, WA
- Must be a Key@Work Member
(Offer expires June 25, 2021)
| If you're looking for more advanced features for a checking account, you may want to compare this offer to the following: Citigold® Checking Account (Up to $1500 Cash Bonus), U.S. Bank Platinum Checking ($300 Bonus), Huntington 25 Checking ($300 Bonus), and BMO Harris PremierTM Account ($500 Bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- This offer is for Key@Work members only – KeyBank’s employee financial wellness program.Enroll in the Key@Work program and enter marketing code ONKW0121 when applying for your account on key.com.
- Open a Key Express Checking, Key Advantage Checking, Key Privilege Checking, or Key Privilege Select Checking Account.
- Make a total of $1,000 or more in direct deposits within 60 days from account opening.
- You must be a Key@Work program member and have a cumulative total of at least $1,000 in direct deposits each statement cycle for Key Advantage, $2,500 for Key Privilege, or $5,000 for Key Privilege Select Checking.
- Limit one cash gift per qualifying account.
- Limit one cash gift per individual.
- The cash gift will be reported to the IRS on Form 1099-INT.
- Your gift(s) will be deposited to your account within 90 days of meeting requirements.
- Direct deposit transactions are limited to: payroll, Social Security, pension, and government benefits. Offer not available to clients who had a checking account or a KeyBank Hassle-Free Account with KeyBank in the last 12 months as a primary owner. Employees of KeyBank, its affiliates, and subsidiaries are not eligible for this offer.
- If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee.
- Accounts overdrawn or closed at the time of gift payment are not eligible for this offer.
- Accounts titled as Trust Accounts, Estate, Non-Individual, and No Access are excluded from eligibility.
- Offer is subject to cancellation without notice, and cannot be combined with any other offer.
- Other miscellaneous charges may apply.
- Coupon/Offer code required.
- Cannot be sold.
- Key is not responsible for and will not honor promotional offers that appear on third-party websites that are not authorized by KeyBank.
- EasyUp® requires a KeyBank checking account and KeyBank savings account.
- Bonus eligibility will be calculated based on all posted debit transactions made with your linked debit card within 60 days after account opening.
(Expired) KeyBank $250 Savings Bonus – Targeted
Earn a $250 bonus with KeyBank once you complete qualifying activity!
KeyBank is offering a $250 bonus when you open a Key Gold Money Market Savings account and meet the qualifying requirements.
Offer code and reservation number are required to qualify for this offer.
- What you’ll get: $250 bonus
- Account Type: Key Gold Money Market Savings
- Availability: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA
(Expires January 2, 2021)
| Compare this savings account to alternatives like Aspiration Spend & Save Account ($150 Bonus + 5.00% APY), Discover Bank Savings Account ($200 Bonus + 1.10% APY), CIT Money Market (Free Amazon Prime + 1.00% APY), Quontic Bank High Yield Savings (1.58% APY), and American Express High Yield Savings (1.00% APY). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- 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.
- You must maintain the funds in the account for 90 days after account funding and the gift will be deposited into your account within 90 days after this requirement is met. The value of your gift will be reported on Form 1099-INT.
- This offer is not transferable. Employees of KeyBank, its affiliates, and subsidiaries are not eligible.
- Accounts titled as Minor/Custodian, Trust Accounts, Estate, Non-Individual, and No access are excluded from eligibility.
- Offer not available to business, institutional, and public entities.
- 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.
- Offer code and reservation number are required to qualify for this offer.
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 Key@Work 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 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.
- 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 Key@Work 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.
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Bottom Line
While the bonuses at KeyBank sounds enticing, setting up a direct deposit is a big commitment. They offer many different accounts to qualify for this bonus, so you have several options for any that can best suit your needs.
While they have a generous bonus, KeyBank doesn’t have great rates for CDs and Savings. Additionally, you may want to check out our full list of Bank Rates and CD Rates.
Compare KeyBank Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!
*Check back at this page for updated KeyBank promotions, bonuses, and offers.
Tried to open this offer and it also required a reservation code-without it you get no bonus. What looks like a slam dunk is really flop. As Bo says-if anyone has that code I’d love to know it too, as of now don’t waste your time.
Key bank intentionally makes it difficult to get this promotion. I went to a bank, in person, with the red ‘promotional brochure’ I receive in mail on 8/17/2021 and opened an account and deposited $1000 as required, and left the funds there untouched. Till today (11/18/2021), three months later, I have seen no ‘promotion’ added to my balance. – it’s still $1000. I called the representative who opened my account at least a dozen times, texted them 20+ times, and even talked to a branch manager. They keep telling various excuses, like wrong code was entered, there was a system error, they misplaced my paperwork, they are contacting their Operations Lead, etc. etc. I am not sure what to do at this point. I am so tempted to withdraw my initial deposit, close my account, and just forget the whole deal. But after spending so much energy, effort, and time on this, I feel stupid to take that approach.
Any advice from anyone is highly appreciated.
I had a direct deposit of 500 Federal Reserve Notes from my pension. I received 200 Federal Reserve Notes from Key. Maybe you were required to do direct deposit.
Anthony,
Key bank offer is not limited to one per household.
None of these are working — besides the offer code, you have to have a reservation code which probably means it’s targeted which would be nice to know before we go in and apply — the Key phone reps are clueless..
Key Bank is asking for a “reservation code” when trying to apply the promo code RETK1120. Any idea where to obtain a reservation code?
I have had similar problems with KEY bank in the Seattle area about 3 years ago. Their people seldom are told of marketing promos so I have no idea how this bank functions with that attitude that irritates the heck out of many clients.
I now live in Dallas but will be in WA again for Thanksgiving, and hope to be allowed to try opening one of their many great offers so we’ll see and report back if it works or not.
EE