Posted by William Charles on February 17, 2019
Deals

Published on February 17th, 2019 | by William Charles

24

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

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

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.

Useful posts regarding bank bonuses:



24
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Matt B
Matt B

FYI there’s a typo in the title. AL is Alabama, AK is Alaska.

L.B.P
L.B.P

I was thinking the same thing !!!

Closertothesun
Closertothesun

Zip hardcodes. FYI for out of state attempters.

AnameOfaguy
AnameOfaguy

I received a targeted $300 mailer in OR a few days back.

Jake
Jake

Clicked on the AL link, and it says Alaska only. Is this an affiliate link deceiving AL residents to apply for a commission kick back?

Kyle
Kyle

I’m at LOL/24 and they instantly approved. Certainly wasn’t expecting that. I haven’t had a Keybank checking in nearly 2 years so maybe that helped. Was able to fund $100 with BofA Business Advantage Travel Rewards CC.

Kyle
Kyle

Update ACH $500 from USAA on 2/21. Bonus received 3/5.

bax
bax

Not really Chex-sensitive, since I’m approved online instantly, in spite of having been rejected by a bunch of smaller banks like Columbia, Fulton, Elements, etc.

J. Sarayda Shapiro
J. Sarayda Shapiro

Does anyone know if the $500 direct deposit needs to be one single deposit of $500? Or, could it be,say, a direct deposit of $400 and one of $100?

Sam
Sam

What about the $500 offer ? $500 bonus expires 03/08/2019
Use offer code: RETQ0119

Sam
Sam

Curious, how strict is Key and other banks to the location requirements? Say, I live about 45 mins away from Portland, OR in another city/zip, would this disqualify me ? Do you have to live onside of the city or nearby areas work too?

bax
bax

Damn, this is a quick bonus.

2/19/2019: $100 opening deposit funded with Citi DoubleCash
2/22 through 2/26/2019: $500 DDs from Wells Fargo, Capital One, Chase and TDAmeritrade
3/5/2019: $200 Gift From Key Bank For Recent Offer

Sam
Sam

bax, do you live in one of the areas or you’re able to open an account and get a the bonus living in a nearby area?

Jason
Jason

I accidentally overdrew and got the fee refunded and my balance is now positive again. I’ll post back whether or not I still receive the bonus.

Jason
Jason

it posted today!

Aaron M
Aaron M

I’m at the last step of my application and it’s not accepting the offer code ‘ONAS0119’. I keep getting this message:

“Please correct the highlighted field(s) and click “Continue”.
Offer/Marketing Code Field required”

But that field is exactly where I’m entering the code.

eksabajt
eksabajt

I’m getting the same error

eksabajt
eksabajt

I see now that I got the error because I am not in the target area.

Aaron M
Aaron M

I’m in a target area (MI), and on that last screen the application even assigned a nearest branch to me (which is about 100 miles away).

Did the code expire early? I wouldn’t think so since the promo page is still up. As a test if I put something arbitray into the “reservation” field, it says right under the box that what I entered is invalid. It doesn’t say anything under the promo box, though – the error only happens when I click next/continue.

I logged into my application a few hours after my first attempt and tried again, got the same issue. Might try later today…

William Charles any ideas?

Matthew Greer
Matthew Greer

This bonus is super quick in posting.

Opened on 2/22
Cap 1 ACH Push on 3/8
Bonus pending on 3/19

Back to Top ↑