Posted by William Charles on October 12, 2018
Bank Account Bonuses

Published on October 12th, 2018 | by William Charles

39

[Expired] [IN, OH, ID, ME, UT, VT, PA] KeyBank $300 Checking Bonus

This offer has expired, view the best current checking bonuses by clicking here.

Update 10/24/18: Bonus now requires 5 debit card/bill payments as well.

Reposting as I didn’t post the correct link to start with.

Offer at a glance

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:
    • Receive a single direct deposit of $500+
    • Combination of five KeyBank debit card purchases and/or KeyBank Online Banking bill payments

The Fine Print

  • Offer available in the following markets ONLY: Central IN, Cincinnati, OH, Idaho, Maine, Utah, Vermont and Chalfont, PA.
  • You must open a Key Express Checking® Account (this is the basic banking account in NY), by November 30, 2018 and make ONE single KeyBank direct deposit of $500 or more within 60 days after account opening to get $300.
  • Normal account service charges and balance requirements apply.
  • Direct deposit transactions are limited to: payroll, Social Security, pension and government benefits. Accounts titled as Trust Accounts, Estate, and No Access are excluded from eligibility. Employees of KeyBank, its affiliates and subsidiaries are not eligible for this offer.
  • Offer/Reservation number cannot be sold and is required to qualify.
  • 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.
  • 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. Offer not available to individuals who have had a KeyBank checking account or a KeyBank Hassle-Free Account® in the last 12 months.
  • Accounts overdrawn or closed at the time of gift payment are not eligible. Offer is subject to cancellation without notice and cannot be combined with any other offer
  • . KeyBank is not responsible for and will not honor promotional offers that appear on third-party websites that are not authorized by KeyBank.

Avoiding Fees

Monthly Fees

The $7 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)

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

The $400 deal we posted yesterday require a reservation number that was mailed out. I’ve seen the mail out for this offer and no reservation number was listed so it should be possible to open this without one. That means it’s publicly available. Typically these offers don’t last until the official end date, so if you’re interested we’d sign up sooner rather than later. I’ll definitely be adding this to the best checking bonus page as it’s well worth doing if you live in the targeted area.

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

Useful posts regarding bank bonuses:



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Omer
Omer

clicked the link and recived a message “that offer has ended”

InspectorSpacetime
InspectorSpacetime

The “Link to Offer” is dead.

Clyn6
Clyn6

When I clicked on “Direct link to offer” The web page said promo has ended.

AllwaysLearning22
AllwaysLearning22
MarcoPolo
MarcoPolo

William Charles Chuck
Please fix the link.

Frito Pendejo
Frito Pendejo

I’m a half hour from Chalfont and get denied for out of bonus area. There’s keybanks all over near me.

Larry
Larry

Did you apply online or in branch?

sid
sid

Anybody know about the 12 month language on when the period begins by opening or closing date> ria

Parkerthon
Parkerthon

How long does it take bonus to post typically? I ACH pushed from Schwab and it posted 19th. I then checked some DP’s and noted someone said Schwab didn’t work to trigger ACH requirement sadly. I still would like to wait a minute before rerouting money through Chase if possible.

marty
marty

I think they changed the language in the offer since it was first posted. The offer now states that to qualify for your $300:

“Open your Key Express Checking Account by November 30, 2018.
Make ONE single direct deposit of $500 or more, plus a combination of five KeyBank debit card purchases and/or KeyBank Online Banking bill payments within 60 days of opening your account, and get $300.”

I’m pretty sure that additional requirement of debit card purchases and/or bill payments was not there when the offer first posted.

Lone_Wolf
Lone_Wolf

Applied for similar bonus, but mine was for $400 bonus and only requirement was a DD of $500 or more within 60 days of opening. Have to leave account open for 180 days, or will be charged $25.

Withdrew $500 from linked PayPal account, just received bonus today.

Parkerthon
Parkerthon

How long did that take?

I have tried Schwab and Chase push ACH now to two different accounts, no joy. It appears the naming of the transactions indicated they were transfers, not general ACH/ Desposits.

Just did PayPal yesterday.

Dylan
Dylan

Did PayPal transfer on 11/1 (posted as Ach, PayPay transfer). Received bonus today (11/13).

Parkerthon
Parkerthon

Odd, mine posted as “Paypal Transfer” 11/3. Still not triggering bonus.I tried Chase too “Jpmorgan Chase Ext Trnsfr” 10/25…. Wonder what’s different here? I didn’t even complete verification in my Paypal account, I just pushed it.

Steve
Steve

Says the code is either not valid for my area or for the selected account. Hit the apply now button from the offer page, live in Indiana.

Enhante
Enhante

DP:
Opened 10/23
Serve deposit 10/28
$300 bonus pending 11/13

Parkerthon
Parkerthon

Having a tough tine getting this bonus to post. Opened 10/16, $500 ach push from schwab 10/19, Chase 10/29, Paypal 11/3. Still nothing. Two different accounts too. Wondering if that 5 debit card transaction requirement was on the offer as of 10/16? Going to wait another day and call. Double check what needs to be done.

jpv
jpv

I opened on 10/14. Will let you know what happens. Did you find out if the debit card is required?

Parkerthon
Parkerthon

Just called today. CSR looked at the offer details and it does indeed look like 5 Debit card OR Bill Pays is required. I’m not sure what my options are for fulfilling requirements via Bill Pay since the service is timing out right now. Could also be because I have a zero balance though. Seems buggy either way so will try again later. In any case I had to explicitly order debit cards. Unlike other places, they never automatically sent cards. Looks like 3-5 business days to get cards for the standard shipping. Think I can still make the cutoff at this point one way or the other assuming I already fulfilled the DD with one of the three different methods(two of which others indicated would trigger the DD requirement).

Parkerthon
Parkerthon

FYI completed 5 debit card purchases on 12/10(did 5x 50 cent reloads to Amazon). Still waiting for bonus to post as of 12/15 but that seems to be expected. Fingers crossed.

jpv
jpv

I did 5 bill pays to CIP. And Venmo for the deposit (said Direct Deposit Venmo so hoping that worked).

Nothing posted yet, will let you know what I see on my end.

Parkerthon
Parkerthon

Nothing yet FYI. Beginning to lose hope. This is an exceptionally long time to wait for a bonus to post compared to previous experiences.

Parkerthon
Parkerthon

Posted Jan 5 fyi. So all in all took well over 3 weeks to post.

jpv
jpv

12/12 Venmo coded as direct deposit, venmo cashout
12/12 5 Bill Pays to Chase Card
1/4 gift from key bank for recent offer $300 (minus $3 fees)

Will C
Will C

I did the 5 debit card tx and direct deposit, and had that verified by Keybank, but their rep said I am not eligible for the bonus b/c I didn’t open the account online. I opened it in-branch, and they verified they had the $300 bonus deal there, and signed me up under the bonus. Anyone have experience in this situation? It didn’t say online only in the fine print. They are adding this requirement retrospectively. William Charles

Parkerthon
Parkerthon

I opened it online. Still no bonus 17 days after meeting requirements (as elaborated by a representative anyway). I think this offer was just borked in general. Everyone will have to call in. What a waste of time(and money).

Will C
Will C

Hmm alright. I called the Keybank 800 number and the rep there said I wasn’t enrolled in a promotion according to their records. Then I called the local branch where I opened and they said the promotion was keyed in under my account and that I had met the requirements and should continue to wait the full 90 days. So I guess that’s what I’ll do, too bad this offer didn’t go smoothly for us!

Parkerthon
Parkerthon

Mine posted Jan 5 fyi. I did call december 31. The rep told me I had met the requirements and just needed to wait potentially up till early to mid Jan. Not sure how she derived that estimated date, but it came through on two accounts(not just one I called in on).

James Edward
James Edward

Does anyone have a screen shot of the terms and conditions prior to Oct. 24 before they added the 5 debit transactions. I took a screenshot of my approval, and the offer is in the same window but partially blocked out. I messaged them about my bonus and they said I didn’t make the 5 debits. That wasn’t there when I applied. Any help appreciated.

JJ
JJ

I’m in the same boat (opened 10/15) but unfortunately don’t have a screenshot either. I made a legitimate DD so I’m going to press the issue with KeyBank and see what their response is.

ewh2002
ewh2002

I have a PDF of the terms printed on 10/21/2018 which does not have the 5 debit transactions requirement. Happy to share, but I am a newbie here and don’t know how to post it.

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