KeyBank Promotions for May 2024 ($200 New Checking Account Bonus)

KeyBank, one of the nation’s largest regional banks, is based in Cleveland, OH, and operates in a total of 15 states.

Their footprint includes Alaska, Colorado, Connecticut, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington.

If you currently live in a state where KeyBank operates, we’ve listed some of the best KeyBank promotions and the requirements you’ll need to complete.

If you’re not eligible for a KeyBank account, there are many other bank promotions available that you can take advantage of.

Active KeyBank Promotions

Key Smart Checking® Account – $200 cash bonus

For a limited time, you can earn a $200 bonus when you sign up for a Key Smart checking account and make a direct deposit of at least $500 within 60 days of account opening.

Bonus Requirements

Before receiving your $200 checking account bonus, you’ll need to complete the following steps.

1. Open a new Key Smart Checking® account before July 19, 2024, using the KeyBank coupon code ADSA0324.
2. Make a minimum opening deposit of at least $10 and set up at least one direct deposit of at least $500 within 60 days of account opening.

Once you complete the requirements, your bonus should be deposited into your new account within 90 days. However, you’ll be charged a $25 fee if you close your account within 180 days.

Expiration: July 19, 2024

Eligible states: You can open your checking account online or in-branch if you live in the following states. AK, CO, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VE, and WA

Monthly maintenance fee: $0

Account features: When you open a KeySmart Checking® account, you’ll receive Early Pay. With Early Pay, you’ll receive your paycheck two days after you set up direct deposits.

When you’re enrolled in online and mobile banking, you’ll also have access to EasyUp. You’ll need to sign up, but then each time you make a transaction with your KeyBank checking account, a set amount of your choosing will be deposited into your savings account. You can choose anything from $0.10 to $5.00. This is a great way to boost your savings or pay off debt.

Key Select Checking Account – $200 cash bonus

For a limited time, you can earn a $200 bonus when you sign up for a Key Select checking account and set up a direct deposit of at least $500 within 60 days of account opening.

Bonus Requirements

You must complete the following requirements before earning the $200 bonus on a Key Select checking account.

1. Open a new Key Select checking account before July 19, 2024, using coupon code ADSA0324.
2. Within 60 days of opening your account, make a minimum opening deposit of at least $50 and set up at least one direct deposit of at least $500.

Once you complete all the requirements, your bonus will be deposited into your new account within 90 days. If you close your account within 180 days, you will be charged a $25 fee.

Expiration: July 19, 2024

Eligible states: You can open your checking account online or in-branch if you live in the following states. AK, CO, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VE, and WA

Monthly maintenance fee: There is a $25 monthly maintenance fee. You can waive it if you have at least $5,000 worth of eligible direct deposits or have at least $15,000 in combined KeyBank account balances.

Key Select Money Market Savings® Account – up to 4.50% APY

For a limited time, you can earn up to a 4.50% APY for six months when you sign up for a Key Select Money Market Savings® account. To earn this promotional rate, you must complete the following requirements.

1. Open a NEW Key Select Money Market savings account.
2. Deposit $25,000 or more into your Key Select Money Market Savings account or other eligible accounts.
3. Maintain a balance of at least $25,000.

Expiration: Ongoing

Eligible states: AK, CO, ID, IN, ME, MA, MI, NY, OH, OR, PA, UT, VE, and WA

Monthly maintenance fee: There is a $20 monthly maintenance fee. You can waive it when you have a KeyBank consumer relationship package checking account or keep a minimum daily balance of $25,000.

Who can open a KeyBank Checking Account?

You can only open a KeyBank checking account if you live in a state with a KeyBank branch location. You are only eligible for a KeyBank Checking bonus if you don’t currently have a KeyBank Checking account or a KeyBank Hassle-Free Account and haven’t had an open account within the past 12 months.

How do KeyBank Promotions compare to other accounts?

KeyBank has some great sign-up bonuses, but they won’t be available for everyone. Below are a few other checking account bonuses you can consider instead.