[Expired] [Select Areas In WA, OH, PA, NY, CT] KeyBank $300 Checking Bonus

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Offer at a glance

Maximum bonus amount: $300
Availability: Seattle, WA, Cleveland, OH, Akron/Canton, OH, Pittsburgh, PA, Albany, NY, Hartford, CT and New Haven, CT
Direct deposit required: Yes, $500+ required
Additional requirements: Use promotional code
Hard/soft pull: Soft pull
ChexSystems: Mixed DP, most likely does. Also reports of being ChexSystems sensitive.
Credit card funding: Up to $100
Monthly fees: $7 avoidable
Early account termination fee: $25, 180 days
Household limit: None
Expiration date: June 1st, 2018

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
4 Our Verdict

The Offer

Direct links to offers: $300 | $200 | $100

KeyBank is offering a sign up bonus of $300 when you open a new Key Advantage, Key Privilege or Key Privilege Select Checking Account checking account with offer code OASP0218 and complete the following requirements:
- Receive a direct deposit of $1,000 or more within 60 days of account opening
- Receive a combination of five debit card and/or bill payments within 60 days of account opening
KeyBank is offering a sign up bonus of $200 when you open a new KeyBank Express checking account with offer code OAPE0218 and complete the following requirements:
- Receive a direct deposit of $500 or more within 60 days of account opening
- Receive a combination of five debit card and/or bill payments within 60 days of account opening
KeyBank is offering a sign up bonus of $100 when you open a new KeyBank Hassle Free checking account with offer code OASH0218 and complete the following requirements:
- Receive a direct deposit of 300 or more within 60 days of account opening
- Receive a combination of five debit card and/or bill payments within 60 days of account opening

The Fine Print

Offer available in certain branches in the following markets: Seattle, WA, Cleveland, OH, Akron/Canton, OH, Pittsburgh, PA, Albany, NY, Hartford, CT and New Haven, CT.
Offer is available to clients who do not have or haven’t had a KeyBank Hassle-Free Account® or a KeyBank checking account during the past 12 months.
Receive $100 when you open a KeyBank Hassle-Free Account between 02/23/2018 and 06/01/2018 and make a single recurring direct deposit of $300 or more within 60 days after account opening.
Receive $200 when you open a Key Express Checking® Account (this is the basic banking account in New York) between 02/23/2018 and 06/01/2018 and make a single recurring direct deposit of $500 or more within 60 days after account opening.
Receive $300 when you open a Key Advantage®, Key Privilege® or Key Privilege Select Checking® Account between 02/23/2018 and 06/01/2018 and make a single recurring direct deposit of $1,000 or more within 60 days after account opening.
Direct deposit transactions are limited to payroll, Social Security, pension and government benefits.
Coupon/code required to qualify.
Coupon/code cannot be sold.
Key is not responsible for and will not honor promotional offers that appear on third party websites that are not authorized by KeyBank.
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.
Accounts overdrawn or closed at the time of gift fulfillment are not eligible for this offer.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Key Advantage Checking Account $18 Monthly Fee ($300 Bonus)

The monthly fee on this account is waived if you do either of the following each statement cycle:

The combined balance in any combination of KeyBank checking and savings deposit accounts, certificates of deposit, retirement deposits, investment account* (including annuity balances reflected on your KIS account statement) and credit accounts was $10,000.00 or more.
You have a mortgage originated through KeyBank and you have an automatic payment deduction plan via ACH deducting $500.00 or more from your Key Advantage Money Market 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 Money Market Checking Account during a statement cycle. If you should leave your current employer and direct deposits have been 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.

Key Express Checking $7 Monthly Fee ($200 Bonus)

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)

KeyBank Hassle-Free Account No Monthly Fee ($100 Bonus)

This account has no monthly fee to worry about

KeyBank Relationship Rewards Membership Fee $30

This is optional so make sure you opt out of it.

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 better bonuses in the past (e.g $300 for opening Key Express account) unfortunately we don’t really see those offers anymore and this seems to be the new standard offer. Because of that I would recommend doing this bonus as it’s doubtful better bonuses will come along. It’s a little annoying how restricted this bonus is, but such is life. As mentioned I will add this to our best checking bonus page.

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

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