KeyBank Personal Checking Account $200 Bonus

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KeyBank : Personal Checking Account

$200

4.2

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

How To Earn The Bonus

  1. Open a Key Smart Checking® or Key Select Checking℠ account online with at least $10 for Key Smart Checking® or $50 for Key Select Checking℠ by July 19, 2024.
  2. Within 60 days, make 1 direct deposit of at least $500.
  3. Bonus will be credited to your account within 90 days of meeting requirements.
  4. Account must not be closed or restricted during the time of promotional period.

Available in Your Area?

No

Monthly Fees?

Varies

Open Online?

Yes

Credit Pull?

Soft

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Learn More

at KeyBank

KeyBank is back with their personal checking bonus, offering $200 to new checking account customers.

You can open one of 2 eligible accounts (Key Smart Checking® has no monthly maintenance fee; Key Select Checking℠ has waivable fees!). Regardless of which you choose, you'll need to make a single direct deposit of at least $500. This is half of what it's been in recent versions.

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 (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

Please refer to the institution's website for any terms and conditions that may apply.

How does this personal 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:

PNC

Virtual Wallet®

Bonus
up to $400
Account Type
Personal Checking
Expires In
78 days
Requires
  • Direct Deposit

TD Bank

Beyond Checking

Bonus
$300
Account Type
Personal Checking
Expires In
198 days
Requires
  • Direct Deposit

Discover

Discover® Cashback Checking

Bonus
up to $360
Account Type
Personal Checking
Expires In
Limited Time
Requires
  • Card Spend

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 better interest rates on savings and money market accounts, more cash back, loan discounts and more with KeyBank's Relationship Benefits.

Key Smart Checking®

Key Smart Checking® is a no monthly maintenance fee checking account for your everyday needs. You'll also have access to 40,000+ Key and Allpoint ATMs and be able to enroll in automatic overdraft protection transfers from a linked savings or credit account.

Fees

Key Smart Checking® does not charge a monthly maintenance fee.

Key Select Checking℠

You'll earn a $100 cash bonus, year after year with qualifying activities. This is one of the coolest ongoing benefits we've seen for an interest-bearing account.

Fees

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

  • Having direct deposits totaling at least $5,000 during each statement period
  • OR, Having a combined balance in any combination of KeyBank checking and savings deposit accounts, certificates of deposit, retirement deposits, and Key Investment Services LLC accounts of $15,000 or more.
  • OR, Being a Key@Work® program member and having at least $3,000 in cumulative direct deposits each statement period.
  • OR, Be within the first 3 statement cycles

Share Your Thoughts or Questions

There have been 6 comments about the KeyBank Personal Checking Account $200 Bonus.

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Jake

November 16, 2023

This bonus was easy to get. It was very easy for me to get 1 direct deposit of the small amount of $500 or more. I received the $200 within 10 days.

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David Hoevener

April 2 Replying to Jake

What did you use as a source for the $500 direct deposit? I ask because I am self-employed.

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Dane King

November 16, 2023

I did this offer it was one of the easiest bank bonus offers. Colorado only and they do pull Chex.

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BOB

February 13 Replying to Dane King

Can you please tell me what CHEX is? Is that the Bank's Soft Pull?

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Matt Bundrick Author

February 13 Replying to BOB

Here's a helpful article that explains what ChexSystems is: https://bankbonus.com/basics/chexsystems/

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mjonis

November 14, 2023

I didn't see (perhaps I missed it) the requirements for how long a previous account had to be before you can be considered a "new" account. (ie: This offer not available if you have or have had an account in the past 180 days, etc.)

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