Posted by William Charles on August 26, 2019
Bank Account Bonuses

Published on August 26th, 2019 | by William Charles

84

[AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA] Keybank $200 Checking Bonus

Update 8/26/19: Deal is available again. Hat tip to reader Dan R

Offer at a glance

The Offer

Direct link to offer

  • KeyBank is offering a bonus of $200 when you open a new eligible checking account and complete the following requirements:
    • Use offer code ONAS0619
    • Receive a single direct deposit of $500+

The Fine Print

  • Offer available online only.
  • You must open a Key Express Checking® account (this is the basic banking account in NY), Key Advantage® checking account, Key Privilege® checking account, or Key Privilege Select Checking® account by the expiration date and make ONE single KeyBank direct deposit of $500 or more within 60 days after account opening to get $200. Normal account service charges and balance requirements apply to these accounts.
  • 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 is non-transferable, 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 60 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.
  • 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 ($200 Bonus)

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

  • Deposits of at least $500 per month
  • At least 8 customer initiated transactions per month (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

Normally there is a $300 deal, but that is only available in selected states in the fine print. This time there is no location restriction in the fine print, so it’ll be interesting to see what states this bonus is open to. Fingers crossed it’s available nationwide. If that’s the case we will be adding it to the best checking bonuses. It’s worth checking to see if you live in an area that is usually targeted for the $300 deal as well, if so I’d wait for one of those to come along.

Hat tip to UrbanEngineer & Priscilla

Useful posts regarding bank bonuses:



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MoreSun
MoreSun

Not available to Central CA.

James
James

Not available to So Cal either.

DamnYouNV
DamnYouNV

Not available to NV

Jay
Jay

Not available in central TX.
Got a message saying :
Key.com offers great interest rates directly to consumers and businesses in 15 states including AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA.

Shawn
Shawn

Not Nationwide. Definitely not Texas.

Got this message on their site: Key.com offers great interest rates directly to consumers and businesses in 15 states including AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA.

Derrick C
Derrick C

Can confirm no Texas, unfortunately, testing several Dallas area zips.

missjenniferd1
missjenniferd1

not available to (knoxville tn area) (tried multiple zip codes in the area oak ridge, knoxville, halls, dandridge), none worked.

Matthew
Matthew

In the past I wasn’t able to submit an application after inputting my zip code. Today I was able to (from PA, but more than 100 mi away from nearest branch) and got an instant approval.

Annoyingly, I didn’t receive my account number on the approval page, so I may have to wait till my debit card or checks arrive to set up online access.

Three monks
Three monks

If you don’t mind me asking, how many accounts have you opened over past year? I was denied for Chex the last lime I applied last year.

Matthew
Matthew

I don’t know exactly, but well over 20. Not sure how this can be, since others seem to be denied with much fewer.

Matthew
Matthew

This was number 7 this year for me

Miro R

Does not appear NJ is valid.

Mat Sturgill
Mat Sturgill

Cannot open using MN zip.

Ronnie
Ronnie

Not available to Central KY.

Rolando G
Rolando G

Miami, FL zipcode didn’t work.

Dan
Dan

Doesn’t seem to work anywhere in CA

K-man

Not available NYC, asking to visit the branch.

Logan
Logan

Don’t do it. I went to their only midtown branch and got turned away. Safe yourself the trip.

K-Man

Thanks, I guess will pass

Anon
Anon

Worked in The Bronx. Opened online. No probs so far. Funded with CSP.

Matthew
Matthew

Offer description indicates $300 but the bonus is $200 FYI William Charles

Chuck

Fixed that, thanks

amz
amz

Not available in OK

Gadget 🕵️

Not available in VA. Probably better off, because when I applied in person in PA 2 years ago, they denied me for Chex.

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