To Qualify

Step One

Enter your email to start. Make sure it’s the same one you plan to use for your KeyBank account information.

Step Two

Open a KeyBank checking account with a minimum opening deposit by December 31, 2022.

No promotional code needed. Minimum opening deposit for Key Smart Checking is $10. Minimum opening deposit for Key Advantage, Key Privilege and Key Privilege Select is $50.

Step Three

Make one direct deposit of at least $500 in the first 60 days. Your gift will be delivered to you within 60 days of meeting the requirements if the account is still open and not overdrawn.

Benefits with Every Checking Account

KeyBank Debit
Mastercard®

Enjoy chip security, Tap & Go® technology and all the benefits of Mastercard®.

Secure Online &
Mobile Banking

Deposit checks in the mobile app, pay bills, send money to friends and family, and more.

Convenient
Locations

Visit us at any one of our 1,100 branches and 40,000 surcharge-free¹ KeyBank ATMs and Allpoint ATMs nationwide when you use your KeyBank Debit Mastercard®.

Choose an account

Key Smart CheckingSM

Simple checking account with no monthly fees

  • No monthly service fees, no minimums
  • Paper checks and every digital feature
Rates & Fees
  • Monthly Service Fee $0
  • Interest Bearing No

Key Smart Checking is the basic banking account in New York. For all accounts, other miscellaneous charges apply. If you close your account within 180 days of account opening, you will be charged a $25.00 account early closure fee.

1

No surcharge at KeyBank ATMs. No surcharge at Allpoint ATMs when using your KeyBank debit card on an eligible account type. With the exception of the KeyBank Hassle-Free Account®, all clients in KeyBank’s personal checking products are eligible for Allpoint when they use their KeyBank Debit Mastercard®. Savings, Business and Hassle-Free accounts are not eligible for Allpoint.

2

To avoid Maintenance Service Charges...

  • To avoid the $18 monthly Maintenance Service Charge for Key Advantage Checking® Account, meet any of the following requirements:
    • Any combination of balances from your KeyBank checking, savings deposit, certificates of deposit, retirement deposits, investment* (including annuity balances reflected on your KIS account statement) and credit accounts was $10,000.00 or more.
    • You have a KeyBank originated mortgage and you have automatic payment deducted via ACH deducting $500.00 or more from your Key Advantage 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 Checking account during a statement cycle. If you leave your current employer and direct deposits are 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.
  • As a Key Privilege client, you can avoid the $25 monthly Maintenance Service Charge if:
    • You maintain a combined balance of $25,000 or more in any combination of deposit, investment* and credit accounts.
    • You have a mortgage originated through KeyBank and you have an automatic payment deduction plan via ACH deducting $500 or more from your Key Privilege 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 at least $2,500.00 or more credited to this Account during a statement period. If you leave your current employer and direct deposits stop, you may be subject to the combined balance requirement to avoid the monthly Maintenance Service Charge until direct deposits are reinstated.
  • To avoid the $50 monthly Maintenance Service Charge for Key Privilege Select Checking® Account, you must maintain a minimum of $100,000 in combined relationship balances (sweep investment, deposits and investment* [including annuity balances reflected on your KIS account statement]) each statement cycle OR be a Key@Work program member and have a total of at least $5,000 in direct deposits each statement cycle credited to this Account.

    • * Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank).
    Investment and insurance products made available through KIS and KIA are:

    • NOT FDIC INSURED
    • NOT BANK GUARANTEED
    • MAY LOSE VALUE
    • NOT A DEPOSIT
    • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY
    • KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank.