KeyBank Personal Checking Account $200 Bonus

KeyBank : Personal Checking Account

Bonus Amount
$200
Account Type
Personal Checking
Available In Your Area?
No
Offer Expires In
Bonus Requirements
  1. Open a new KeyBank checking account using the promo code ONAS1021.
  2. Within 60 days, make one direct deposit of at least $500.
  3. Bonus will be credited to your account within 90 days of meeting requirements.
Other Details
Hard Credit Pull?
Monthly Fees?
Varies By Account
Open Online?
Save for later
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KeyBank is back with their personal checking bonus, offering $200 to new checking account customers.

You can opt into any of their four eligible accounts (Key Smart Checking has no monthly fee; the others have waivable fees!). Regardless of which you choose, you'll need to make a single direct deposit of at least $500.

While this isn't quite nationwide, the bonus has a wide footprint and is redeemable online. Check it out!

How To Earn The Bonus

The KeyBank Personal Checking Account promotion requires you to set up direct deposits in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new KeyBank checking account using the promo code ONAS1021.
  2. Within 60 days, make one direct deposit of at least $500.
  3. Bonus will be credited to your account within 90 days of meeting requirements.

The fine print

  • Offer redeemable online only.
  • A $25 early termination fee will apply if you close the account within 6 months of opening.
  • A qualifying direct deposit is any recurring income electronically deposited into your account, including payroll, pension or government payments (such as Social Security).
  • Limit one gift per qualifying account and limit one gift per individual.
  • 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.

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 a 7x 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 reward points through credit card spend and everyday banking activities like opening an account, bill pay, or direct deposit.

Key Smart Checking℠

Fees

Key Smart Checking℠ does not charge a monthly fee.

Key Advantage Checking℠

Fees

Key Advantage Checking℠ does charge a monthly fee of $18, but there are ways to get this waived:

  • Maintain a combined balance of $10,000 or more in any combination of KeyBank deposit, investment and credit accounts.
  • OR, have a KeyBank mortgage with automatic monthly payments of at least $500 from this account.
  • OR, be a Key@Work program member with direct deposits totaling at least $1,000 each month.

Key Privilege Checking℠

Fees

Key Privilege Checking℠ does charge a monthly fee of $25, but there are ways to get this waived:

  • Maintain a combined balance of $25,000 or more in any combination of KeyBank deposit, investment and credit accounts.
  • OR, have a KeyBank mortgage with automatic monthly payments of at least $500 from this account.
  • OR, be a Key@Work program member with direct deposits totaling at least $2,500 each month.

Key Privilege Select Checking℠

Fees

Key Privilege Select Checking℠ does charge a monthly fee of $50, but there are ways to get this waived:

  • Maintain a combined balance of $100,000 or more in any combination of KeyBank deposit, investment and credit accounts.
  • OR, be a Key@Work program member with direct deposits totaling at least $5,000 each month.