Posted by William Charles on July 17, 2017
Bank Account Bonuses

Published on July 17th, 2017 | by William Charles

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

This deal has now expired and is no longer available. Click here to view the best current checking bonuses or here for the latest KeyBank promotions.

Notes:

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Only residents of Michigan, Alaska, Cincinnati OH, Columbus OH, Dayton OH, Idaho , Indiana (Central and Northern), Maine, Toledo OH, Utah and Vermont
  • Direct deposit required: Yes, $500+ required
  • Additional requirements: Use promotional 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: December 29th, 2017

The Offer

Direct link to offer

  • Open a qualifying KeyBank checking account and receive a bonus of $300 when you complete the following requirements:
    • Use the promotional code EDGT0717
    • Make one direct deposit of $500 or more within 60 days of account opening

The Fine Print

  • Offer not available to individuals who have had a KeyBank checking account or a KeyBank Hassle-Free account in the last 12 months.
  • Only residents of Michigan, Alaska, Cincinnati OH, Columbus OH, Dayton OH, Idaho , Indiana (Central and Northern), Maine, Toledo OH, Utah and Vermont are eligible for this offer are eligible for this offer.
  • Receive $300 when you open a Key Express (this is the basic banking account in New York), Key Advantage®, Key Privilege® or Key Privilege Select Checking® Account between 7/17/17 and 12/29/2017 and make one direct deposit of $500 at the minimum within 60 days after account opening.
  • 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.
  • 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

Key Express checking account is easiest to keep fee free

Key Express Checking $7 Monthly Fee

The 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 $25

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

Our Verdict

They have offered bonuses of $300 in the past for the hassle free checking account, so this deal is slightly worse but those are rare and I don’t anticipate them coming back in the near future. If you live in the target area I do think it’s worth opening as it’s one of the larger bonuses out there and it isn’t too difficult to complete the requirements or keep the account fee free. It’s a shame that they seem to be ChexSystems sensitive though. I will be adding this to our list of the best checking sign up promotions.

There is also another deal for those in Seattle, South Puget Sound, Oregon, Denver, Cleveland, Akron-Canton, Pittsburgh, Buffalo, Connecticut (New Haven/Hartford) but that deal is even worse as  Key Advantage Checking account is required and that is more difficult to keep fee free.

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

Useful posts regarding bank bonuses:



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Evan
Evan

So is this supposed to be targeted? I doesn’t seem to be a public offer.

Brian
Brian

I live in Washington and this offer worked for me.

larry
larry

Great post and are there any DP’s on direct deposit on ACH? tia

larry
larry

Sweet, just checked your DD list with American Express, Capital One360, Chase, Discover, Paypal,
TD Ameritrade and Wells Fargo all work recently with ACH.

Mike
Mike

I tried to e-mail myself a code for documentation purposes, but the generated email is an old EDGT0417 code with an expiration of June 30, instead of the EDGT0717 code. Clearly the landing page is updated with a new code and expiration. Anyone else run across this or are people opening directly from the landing page?

I’ve done KeyBank bonuses for the last 3 years and last time they closed my account (after paying the bonus) with no warning and CSRs couldn’t get any information why. I’d really like to document my code and reservation number in case the closure happens before the payout this time.

Mark O
Mark O

Same thingg…tried the code in the article but they wanted the other number too. Don’t know how everyone else is getting through!

Mark O
Mark O

Just tried and it asked for the reservation code. So I did the email me a code thing and used that one and it said it expired….WTH? Not sure if they are having system issues or if it is just me.

Mark O
Mark O

I see why now – they are emailing me a code that says it expires june 30th….they need to get their shizit together!

jordan
jordan

just got denied for chexsystems. I have several 6+ inquiries in the last 12 months. no negative remarks.

Aidan
Aidan

Any luck for Southern Indiana residents? Submit the zipcode. No error shows. Wondering whether is eligible to get the bonus.

Michael
Michael

Haven’t tried yet myself, but curious if it will work. Bloomington, IN here.

Mike t
Mike t

Got a msg saying cannot open online. Must apply in branch. Weird

Mark O
Mark O

Me too tonight – I think their system is jacked – trying again in a few days!

Mark O
Mark O

Looks like the link got pulled 🙁

I found this $200 one

https://www.key.com/personal/promotions/200-ps.jsp?

Yet Another Redditor

I have a complete screenshot of the offer page if you need it and can try in-branch.

mike
mike

gonna wait a few days see if $300 pops up again.

Yet Another Redditor

Also a $200 checking offer
https://www.key.com/personal/promotions/200-ps.jsp?skql=yext_disad_CHK_1016

Open a qualifying checking account using offer code ONAS0517 by 9/29/17.
Make one direct deposit of $500 or more within 60 days after account opening.

Fine Print:
Receive $200 when you open a Key Express (this is the basic banking account in New York), Key Advantage®, Key Privilege® or Key Privilege Select Checking® Account online between 7/01/2017 and 9/29/2017 and make one direct deposit of $500 at the minimum within 60 days after account opening.
If you close your Account within 180 days of account opening, you will be charged a $25 account early closure fee.

Yet Another Redditor
Red
Red

I went to get the code but it also sent me the EDGT0417 code that was expired. I just changed the 4 to a 7 and used the reservation code that came with it and everything seemed to go through. I got an email that said “Thank you for your request we look forward to serving you.” and below that it had the checking account type and status said approved with the offer to it’s right. I am taking that as it went through I hope. I’ve already had my DD and am just waiting to see if and when the bonus will be deposited.

Chris
Chris

Opened account 7.25
DD 8.4
$300 Bonus 9.6

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