KeyBank is back with their business checking bonus and is offering $500 to new business checking account customers after qualifying activities.
What's even more? You can stack this offer with their personal checking account bonus to earn a total of $800. There's also another $600 bonus for adding merchant services.
Quick note: This offer does have targeting language in it, so YMMV.
How To Earn The Bonus
The KeyBank Business Checking promotion requires you to deposit and maintain a minimum balance in order to earn the $500 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- You must have received a personalized $500 Business Banking promotional offer letter directly from KeyBank.
- Offer is only available if the business entity (SSN/EIN) has not had a KeyBank business checking or KeyBank business savings account during the past 12 months.
- The minimum opening deposit for a KeyBank Basic Business Checking or KeyBank Business Reward Checking account is $25.
Open a Business Checking account before the bonus expires on August 21, 2026
How does this business checking offer from KeyBank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
U.S. Bank
Business Checking
- Bonus
- up to $1200
- Account Type
- Business Checking
- Expires In
- 28 days
- Requires
- Min Balance
- Bill Pay (optional)
- Card Spend (optional)
Chase
Chase Business Complete Checking®
- Bonus
- up to $500
- Account Type
- Business Checking
- Expires In
- 72 days
- Requires
- Min Balance
- Card Spend (optional)
Bank of America
Bank of America® Business Advantage Banking
- Bonus
- up to $750
- Account Type
- Business Checking
- Expires In
- 303 days
- Requires
- Min Balance
Why KeyBank?
KeyBank has more than 1,000 physical branches across 15 states. They offer no-frill deposit and loan products, and are best known for their emphasis on investing in diversity and local, under-served communities. They're an 11x Civic 50 award winner, along with a long list of diversity-focused awards: Best Places to Work for LGBTQ, Leading Disability Employer, Bloomberg's Gender-Equality Index, Military-Friendly Employer, and more.
While you can feel good about banking with a value-focused company, their rates aren't particularly impressive. But they do offer 24/7 customer support, a good digital experience, and the ability to earn better interest rates on savings and money market accounts, more cash back, loan discounts and more with KeyBank's Relationship Benefits.
Learn more in our KeyBank review
Business Rewards Checking®
The Key Business Reward Checking® account is KeyBank’s higher-tier small-business checking designed for companies with moderate to high transaction activity, offering up to 500 fee-free combined transactions per statement cycle plus unlimited ACH and bill pay transactions.
The account also includes free incoming domestic wires and three outgoing domestic wire transfers per cycle at no charge, overdraft protection when linked to an eligible KeyBank business account, and access to KeyBank’s Key@Work® financial wellness program for employees.
Additionally, all KeyBank business checking accounts support secure online and mobile banking, mobile check deposit, and fee-free cash deposits up to $25,000 per month.
Fees
Business Rewards Checking® does charge a monthly maintenance fee of $25, but there are ways to get this waived:
- Maintain a $7,500+ average ledger balance
- OR, Have a Key Merchant Services relationship
- OR, maintain $20,000 in combined balances in business deposit accounts, commercial loans and lines of credit (sole proprietors may also include personal account balances)
Basic Business Checking
The KeyBank Basic Business Checking Account is a small-business deposit account designed for growing companies with low to moderate monthly transaction activity.
The account includes up to 200 combined fee-free transactions per month (plus unlimited ACH and bill pay), allows you to deposit up to $25,000 in cash per statement cycle without deposit fees, and offers access to KeyBank’s online and mobile banking tools and Key@Work financial wellness program for employees.
Overdraft protection can be linked from other KeyBank business accounts, but this basic option does not earn interest and is best suited for businesses that want simple, affordable checking with moderate transaction limits.
Fees
Basic Business Checking does charge a monthly maintenance fee of $5, but there are ways to get this waived:
- Maintain at least a $1,000 average daily balance per monthly statement cycle
- OR, Maintain $10,000 in combined balances from business deposit accounts, commercial loans and lines of credit (sole proprietors may also include personal account balances)
Apply now for a Business Checking account to earn the $500 bonus offer
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