[Expired] [NY, OH, CO, CT, PA, OR, WA, ME & UT] KeyBank $300 Checking Bonus

This bonus has expired and is no longer available. Click here for the best current checking bonuses.

Bonus is back, thanks to reader  Karen El for letting us know.

Offer at a glance

• Maximum bonus amount: $300
• Availability: All of New York state except for the greater New York City area, Cleveland, Akron, Canton OH, Denver CO, Hartford and New Haven CT, Maine, Pittsburgh PA, Philadelphia PA, Portland OR, Seattle WA, South Puget Sound WA and Utah
• Direct deposit required: Yes, $500+ required
• Additional requirements: Use promotional code
• Hard/soft pull: Soft pull
• ChexSystems: Mixed DP, most likely does. Also reports of being ChexSystems sensitive.
• Credit card funding: Up to $100
• Monthly fees: $7 avoidable
• Early account termination fee: $25, 180 days
• Household limit: None
• Expiration date: January 12th, 2018

The Offer

Direct link to offer

• KeyBank is offering a sign up bonus of $300 when you open a new Key Advantage, Key Privilege or Key Privilege Select Checking Account checking account with offer code OASP0917 and complete the following requirements:
  • Receive a direct deposit of $1,000 or more within 60 days of account opening
  • Receive a combination of five debit card and/or bill payments within 60 days of account opening
• KeyBank is offering a sign up bonus of $200 when you open a new KeyBank Express checking account with offer code OAPE0917 and complete the following requirements:
  • Receive a direct deposit of $500 or more within 60 days of account opening
  • Receive a combination of five debit card and/or bill payments within 60 days of account opening
• KeyBank is offering a sign up bonus of $100 when you open a new KeyBank Hassle Free checking account with offer code OASH0917 and complete the following requirements:
  • Receive a direct deposit of 300 or more within 60 days of account opening
  • Receive a combination of five debit card and/or bill payments within 60 days of account opening

 

The Fine Print

• 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. Receive $100 when you open a KeyBank Hassle-Free Account® between 09/30/2017 and 01/12/2018 and make a direct deposit of $300 or more and a combination of five KeyBank Debit Card purchases and/or KeyBank Online Banking Bill Payments within 60 days after account opening. Receive $200 when you open a Key Express Checking Account (this is the basic banking account in New York) between 09/30/2017 and 01/12/2018 and make a direct deposit of $500 or more and a combination of five KeyBank Debit Card purchases and/or KeyBank Online Banking Bill Payments within 60 days after account opening. Receive $300 when you open a Key Advantage, Key Privilege or Key Privilege Select Checking® Account between 09/30/2017 and 01/12/2018 and make a direct deposit of $1,000 or more and a combination of five KeyBank Debit Card purchases and/or KeyBank Online Banking Bill Payments within 60 days after account opening. Direct deposit transactions are limited to payroll, Social Security, pension and government benefits. There is no check writing with a KeyBank Hassle-Free Account. Coupon/code required to qualify. Coupon/code cannot be sold. Normal account service charges and balance requirements apply to the checking accounts. Refer to key.com for checking account service charges and balance requirements applicable to the checking accounts listed above. Limit one gift per qualifying account. Limit one gift per individual. Offer available in the following markets ONLY: All of New York state except for the greater New York City area, Cleveland, Akron, Canton OH, Denver CO, Hartford and New Haven CT, Maine, Pittsburgh PA, Philadelphia PA, Portland OR, Seattle WA, South Puget Sound WA and Utah. The value of your gift will be reported on Form 1099-INT. Your gift will be deposited into your account within 90 days of meeting requirements. 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. Accounts overdrawn or closed at the time of gift fulfillment are not eligible for this offer. Employees of KeyBank, its affiliates, and subsidiaries are not eligible for this offer. Accounts titled as Trust Accounts, Estate, Non-Individual, and No access are excluded from eligibility. Offer is subject to cancellation without notice and cannot be combined with any other offer.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Key Advantage Checking Account $18 Monthly Fee ($300 Bonus)

The monthly fee on this account is waived if you do either of the following each statement cycle:

• 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 Money Market 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 Service Charge.
• You are a Key@Work program member and you have direct deposits totaling $1000.00 or more credited to your Key Advantage Money Market 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 Service Charge until direct deposits are reinstated by your new employer.

Key Express Checking $7 Monthly Fee ($200 Bonus)

The monthly fee on this account is waived if you do either of the following each statement cycle:

• Direct deposits of at least $500
• At least 8 customer initiated transactions (any deposits, withdrawals, which includes transfers)

KeyBank Hassle-Free Account No Monthly Fee ($100 Bonus)

This account has no monthly fee to worry about

KeyBank Relationship Rewards Membership Fee $30

This is optional so make sure you opt out of it.

Early Account Termination Fee $25

If you close your account within 180 days, you are required to pay an early account closure fee of $25

Our Verdict

The best bonuses from KeyBank are when they offer $300 for opening a Key Express account. Unfortunately those aren’t very frequent anymore/at all and it seems like this offer is as good as it gets these days for KeyBank. They also have the following bonuses in other areas:

• [MI, AK, OH, ID, IN, VT] KeyBank $200 Checking Bonuses (currently expired)
• [WA, OR, CO, OH, PA, CT, NY] KeyBank $300 Checking Bonus

I think I’ll start adding these bonuses to our best bank account bonus page as even the $200 bonus is pretty good in comparison to other banks and the requirements to get the bonus and keep the account fee free aren’t too high. I personally don’t think the $300 bonus is worth considering due to how hard it is to keep the account fee free.

Big thanks to reader, Vijay who let us know. Learn how to find bonuses and contribute to the site here.

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• Introduction To ChexSystems
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