Here’s an updated list of KeyBank promotions, bonuses, and offers.
Currently, they have a $100, $200, $400 bonuses when you open a Checking Account and meet all the requirements.
About KeyBank Promotions
Based in Cleveland, Ohio, KeyBank has over 1,200 locations across 16 states, with over 1,500 ATMs. They have 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.
KeyBank offers a range of checking and savings accounts, including a free checking option. Some relationship products offer perks like lower loan rates and higher savings APY.
I’ll review the current KeyBank promotions below.
KeyBank $400 Checking Bonus
Take advantage of a $400 bonus from KeyBank when you sign up for a new Checking Account.
- 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 (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: $0 to $25, avoidable.
- Early Account Termination Fee: $25 if close within 180 days
- Household Limit: None
(Expires 05/11/2023)
| For more advanced features in a checking account, compare this offer to BMO Harris PremierTM Account ($350 Bonus), U.S. Bank SmartlyTM Checking (Up to $600 bonus), Chase Private Client ($3,000 Bonus), TD Bank Beyond Checking ($300 Bonus), Fifth Third Bank Preferred Checking ($275 bonus), and Citigold® Checking Account (Up to $2000 Cash Bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Use offer code RETK0323 to open your qualifying checking account by May 11, 2023.
- Make ONE single direct deposit of at least $500 within 60 days after account opening.
- Minimum opening deposit is required.
- Your gift will be deposited into your account within 60 days of meeting the requirements if your account is open and not overdrawn.
- 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.
- 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 any time prior to receipt of gift payment are not eligible.
- 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 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. Some eligible checking accounts are interest bearing; for current balance tiers and rates, please call 1-866-821-9154 or visit key.com/comparechecking. Geographic restrictions apply and account opening is subject to approval.
KeyBank $200 Checking Bonus
- What you’ll get: $200 bonus
- Account Type: Key Smart Checking, Key Advantage Checking, Key Privilege Checking or Key Privilege Select 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 (see what works)
- Credit Inquiry: Soft Pull
- ChexSystem: Mixed Datapoints, might be sensitive
- Credit Card Funding: Up to $50
- Monthly Fees: $0 to $25. Waivable. Choose Key Smart since it has no monthly fee.
- Early Account Termination Fee: $25 if account is closed within 180 days
- Household Limit: None
(Expires 04/07/2023)
| You can compare this to several great entry level Checking accounts with offers include the BMO Harris Smart Money™ Account ($200 bonus), U.S. Bank SmartlyTM Checking (Up to $600 bonus), Chase Total Checking® ($200 bonus), Fifth Third Bank Momentum® Checking ($275 bonus), SoFi Checking and Savings ($275 bonus), and Citi Priority Account (Up to $2000 Cash Bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Use offer code: ONAS0323
- Open a Key Smart Checking®, Key Advantage Checking®, Key Privilege Checking® or Key Privilege Select Checking® account online by April 7, 2023.
- Make ONE qualifying direct deposit of at least $500 within the first 60 days of account opening.
- Minimum opening deposit of $10 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.
- Geographic restrictions apply.
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
- Direct Deposit Requirement: Yes, $500+ required
- Credit Inquiry: Soft Pull
- ChexSystem: Mixed Datapoints, might be sensitive
- Credit Card Funding: Up to $50
- Monthly Fees: $0 to $25. Waivable. Choose Key Smart since it has no monthly fee.
- Early Account Termination Fee: $25 if account is closed within 180 days
- Household Limit: None
(Expires 12/31/2023)
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, 2023 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, and cannot be combined with any other offer.
- 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 $250 Savings Bonus (Expired)
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 Discover Bank Savings ($200 Bonus + 3.60% APY), UFB Preferred Savings (5.02% APY), CIT Bank Savings Connect (4.20% APY), SoFi Checking & Savings ($275 Bonus + 3.75% APY), and Western Alliance Bank Savings (4.45% 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
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.
Reservation code may be required. Seems this offer is targeted
3-8-19 $500 keybank offer is NOT public. I tried it and it did not let me open online. I went to the branch and was told this is an invitation only offer. The webpage does NOT say it is invitation only nor does it need a reservation code. Please update this offer to *targeted*
Held a CD of mine for nearly a month because I needed to show our Trust was terminated. We submitted numerous documents, but their lawyers would not accept the information. My wife and I hired a lawyer to handle the case with no success. As a last resort, our Congressman made some calls to the bank and we finally got our money. Bottom line, do not use Key Bank.
KeyBank snail mailed me a flyer offering a $400 bonus if I opened a checking account with min $500 direct deposit within 60 days. I opened the account in late Aug, transferred the money from Paypal a week or so later and they paid the bonus in mid-Sept. They do have a service charge if I don’t either “regular deposit” $500 monthly or do something like 8 transactions per month. But I figure that in exchange for $400 I can work with that 🙂
I have been trying to open an account for weeks (I am not going to give up now) First time, I failed the credit questions even though I gave the correct answer. I went to the branch and they can’t give me the promo, I have to apply online. I came home and said I had to wait 24 hrs, 48 had passed by then. I tried again and finally I got through, just to find out I had to have a money transfer from e.i. a checking account or a Visa/MC card to put the $50 funds required to open the account. I didn’t so I ran to Walmart and bought a Visa cash card, I guess I took too long and the browser closed itself, I tried again and fail. I have been trying ever since, this is day 14th. Phone customer services can’t help, I tried twice and they keep bouncing me around.
Hey KeyBank, if you want customers but don’t want to give up the money, then don’t.
You’re better off taking any other promo than the keybank promo. First they had me fill out a bunch of forms online before telling me I wasn’t eligible for the 1st offer, then once I came into a branch to complete paperwork I was left to wait for over an hour before speaking with an absolutely incompetent and unhelpful employee
I worked over 8 hours on getting the $300 bonus from Keybank. The online application didn’t work and customer service couldn’t fix the system or figure out the problem and recommended that I call the executive office. Talked to a VP who said she’d escalate to resolve the problem. She got no where, told me to go into a branch. Did that and banker entered wrong code and can’t get the system to generate any bonus. Tried to do it manually and failed. Will have to bring small claims action. Will lose interest on $10K and spend maddening hour after hour, day after day. Stay away from this bank.
The $100 and $200 offers for KeyBank are not available in Colorado. Is there a way to better express that other than in the tiny fine print at the bottom?
Please note we have added the state availability next to the promotion links. Let me know if you have any other questions or concerns.
I opened the $400 promo in co online with all the right info.
But my first deposit didn’t go in until after the promo expired.
Will I still get the $ ?
I know they give 60 days to do a direct deposit.
Key bank has an ongoing 200. Get a code at https://www.key.com/personal/promotions/checking-200-ps.jsp?ppc=1801_CMPPRM_ONAS0118_ps+Google_Primary_Brand_Alpha_Mid+key_bank_bonus
I live in PA and was able to get the $300 bonus, the promotions come and go and they are different for different states every time, you need to read the small letters at the bottom of the website and if your state is not included now it might be later, just keep checking.
Now, can someone tell me if they allow you to downgrade to a free checking account? I had to open a premier account to get the bonus which has a $18 monthly maintenance fee
The $300 links just redirect to a “this offer has ended” page. So I was going to go with the $200 bonus, but it bugged me that their website couldn’t have known whether I was in the right zip code. Scrolled down reading their $200 offer page & saw a link for the $300 offer as a “cross-sell”. Clicked & bingo!
https://www.key.com/personal/promotions/checking/get-300.jsp?ppc=crosssell_MASP0617
FIFY. You’re welcome.
Tried to get 400 $ but needed a reservation code. So I tried to go in the branch to open an account to get the 300$ One with the promotional code.
The banker did not know of any promotional code that exist. I explained to her this promotion and gave her the code but she said she did not know how to open it and had to ask her manager how to apply this code!! Im talking about the 300$ one.
Just got a call the from the bank who is asking me to email her the promotinal code again and is now insisting on a reservation code as well. I thought it was only for the 400$ one but apparently i’m being asked to get one for the 300$ one and am stuck here.
Anyone get this to work successfully for 300?
Had to go to the authorities with them. Then they cooperated.
Anthony, can you please stop posting misleading and incorrect offers? TWICE NOW I have tried to open a Keybank offer because you state that PA is among the locations. I just completed an application for the second time only to discover that I do not qualify for the bonus. I was able to receive an email with a reservation code, BUT that email did not include PA among the locations. A chat with a customer service rep told me there are NO CURRENT PROMOTIONS IN PA!!!!
Do you even bother to review the fine print before you post them?
Hi Dave,
Sorry to hear about that. Please note we listed all the general available states that have Keybank branches here on the Master post. For the actual promotions, we have listed the qualifying states in our individual review:
https://www.hustlermoneyblog.com/keybank-checking-review/
https://www.hustlermoneyblog.com/keybank-checking-account-review/
Hi
I really like your website and your posts
unfortunately even though u claim that its valid in NY in your post and i did get an email code an the phone rep said it;s valid the chat rep confirmed that there r no valid codes in NY and i just wasted more than an hour with them. its a shame and i lost very precious time and resources..
Same thing happened to me here in PA, also listed. Extremely frustrating.
Keybank RETK0317 does NOT work. According to online chat:
This promotion and the associated online link were meant for those who received a direct mailer from Key regarding the promotion. This promotion also requires a reservation code that would have been found on the mailer. We are not able to give this code out as we do not have access to them.
Does anyone know if Fidelity triggers the DD requirements for Keybank?
KEY BANK DOES NOT DO BUSINESS IN FLORIDA AS YOUR SITE STATES PLEASE CORRECT AS I JUST SPOKE TO THEM.
please stop yelling
I tried this. Naples Fla is zip 34109. I got rejected as apparently that zip code, while in Florida does not meet the application standard.
Is there any stipulation for people who have had a KeyBank account in the past?
Yes, just read the fine print.
this is not helpful. if you cannot answer the question, you should not respond.
Keybank requires a reservation number with the promotional code. Where is that located?
You must first request a coupon code from Key Bank–you request the code to be emailed to you on the same webpage where you apply for an account online. Unfortunately, Key Bank placed its “Apply Online” button at a more prominent location; the “Request Email Code” is closer to the bottom of the webpage. What is even more frustrating is that when you get the email, the reservation # code immediately follows the promo/marketing code (I inadvertently missed it the first time it was sent to me and was frustrated at trying to apply for the checking account).
To make things worse, finished the online application, but at the very end was sent to a splash screen that informed me that my account couldn’t be opened online.
So I did the next best thing–tried to apply via its 800#. Again, the bank rep on the phone got stuck when I informed him of the reservation #–he actually requested that I initiate a chat session with an online rep. Played a little phone/chat tag–both reps at the end told me I had to go to a physical branch.
I’m going to try but so far, this bank seems like it doesn’t have its act together.