[Expired] [Select Areas In OH, PA, CT, NY] Keybank $300 Checking Bonus

Deal has expired, view more bank account bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $300
• Availability: Offer available in the following markets ONLY: Cleveland, OH, Akron/Canton, OH, Pittsburgh, PA, Hartford, CT, New Haven, CT, Syracuse, NY, Rochester, NY, and Buffalo, NY.
• Direct deposit required:  Yes, $500+ required
• Additional requirements: Use promo code OASP0119
• Hard/soft pull: Soft pull
• ChexSystems: Mixed DP, most likely does. Also reports of being ChexSystems sensitive. 
• Credit card funding: Can fund up to $100
• Monthly fees: $18, avoidable
• Early account termination fee: $25
• Household limit: None
• Expiration date: May 30th, 2019

The Offer

Direct link to offer

• KeyBank is offering a bonus of $300 when you open a new eligible checking account and complete the following requirements:
  • Use offer code OASP0119
  • Receive a single direct deposit of $500+
• The bonus you receive depends on the account you open:
  • $100 for Key Bank hassle free account
  • $200 for Key Express Checking Account (this is the basic banking account in New York)
  • $300 for Key Advantage, Key Privilege or Key Privilege Select Checking® Account

The Fine Print

• Offer available online only. Offer available in the following markets ONLY: Cleveland, OH, Akron/Canton, OH, Pittsburgh, PA, Hartford, CT, New Haven, CT, Syracuse, NY, Rochester, NY, and Buffalo, NY.
• 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 1/19/2019 and 5/31/2019 and make one single direct deposit of $500 or more 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 1/19/2019 and 5/31/2019 and make a direct deposit of $500 or more within 60 days after account opening.
• Receive $300 when you open a Key Advantage, Key Privilege or Key Privilege Select Checking® Account between 1/19/2019 and 5/31/2019 and make a direct deposit of $500 or more 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.
• 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.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Hassle-Free Checking ($100 Bonus)

This account has no monthly fee.

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:

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

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.

Early Account Termination Fee

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

KeyBank Relationship Rewards Membership Fee $30

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

Our Verdict

Usually it’s better to try and do the $300 deal when you can open one of the accounts that is easier to keep fee free, but that is very rarely available these days. Because of that I do recommend taking advantage of this deal, but it might be a better option to stick to one of the accounts that is easier to keep fee free. There is also another $300 bonus for those in the following areas: NY, CO, IN, CT, ME, OR, WA, UT. I’ll add this bonus to our list of the best checking account bonuses.

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