[Expired] [AK, OH, ID, IN, ME, MI, PA, UT, VT, OR] KeyBank $200 Checking Bonus

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

Notes:

Some reports of them being sensitive to too many ChexSystems inquiries
You’ll receive a code like this: ONAS0119-000001406 (ONAS0118 is your promo code and the second string of numbers is your reservation code). I think this is no longer required for online openings.
If you receive “this offer has ended” message it means your zip code isn’t eligible.

Offer at a glance

Maximum bonus amount: $200
Availability: Offer available in the following markets ONLY: Alaska, Cincinnati, Columbus, Dayton and Toledo OH, Idaho, Indiana (Central and Northern), Maine, Michigan, Philadelphia PA, Utah, Vermont and Portland, OR
Direct deposit required: Yes, $500+ required
Additional requirements: Use promo code
Hard/soft pull: Soft pull
ChexSystems: Mixed DP, most likely does
Credit card funding: Up to $100
Monthly fees: $7 avoidable
Early account termination fee: $25, 180 days
Household limit: None
Expiration date: May 31st, 2019

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Key Express Checking $7 Monthly Fee
- 3.2 Early Account Termination Fee $25
4 Our Verdict

The Offer

Direct link to offer

KeyBank is offering a sign up bonus of $200 when you open a new checking account and complete the following requirements:
- Use promotional code ONAS0119
- Make a direct deposit of $500 or more within 60 days of account opening

The Fine Print

Open a qualifying KeyBank Checking Account on or before 05/31/2019, meaning a Key Express Checking® – (this is the basic banking account in New York) – or; Key Advantage® or; Key Privilege® or; Key Privilege Select Checking®; and make ONE single KeyBank direct deposit of $500 at the minimum within 60 days after account opening to get $200.
Direct deposit transactions are limited to payroll, Social Security, pension and government benefits. Limit one gift per qualifying account.
Limit one gift per individual.
The value of your gift will be reported on Form 1099-INT and deposited into your account within 90 days of meeting requirements.
Offer is available to new bank clients who have not had any type of account with KeyBank within the last 12 months. Employees of KeyBank, its affiliates, and subsidiaries are not eligible for this offer.
If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee.
Normal account service charges may apply.
Accounts overdrawn or closed at the time of gift fulfillment 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.
Offer/coupon code is required and cannot be sold or transferred.
Other miscellaneous charges may apply.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Key Express Checking $7 Monthly Fee

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

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

Best public bonus is when they offer $300 for opening the Key Express account, but KeyBank has been offering less and less public bonuses recently (there is currently a targeted bonus for $400/$500 but it’s rare). Might be worth doing this bonus if you’re eligible as there is no guarantee a better offer will come along.

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

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