KeyBank is offering a $200 Checking Bonus promotion with direct deposit when you open a Hassle Free Checking account online using offer code
ONFT0315 ONFT0515. You need to make at least $1,000 in cumulative direct deposits within 60 days after account opening to qualify for the $200 bonus offer. You must open the account by 5/1/2015 6/12/2015.
There is a limit of one gift per individual & per qualifying account. The gift will be deposited within 90 days of meeting requirements and it will be reported on Form 1099-INT as usual.
ACH from Capital One 360 will usually fulfill the direct deposit requirement. My Capital One 360 transfer showed up as a direct deposit when I tested it with $500 (deposits should total $1,000) a few days ago.
However there’s been reports where ACHs have showed up as internet transfers. So make sure to stay on top of it and even do more than one ACH from different banks if you can. Direct Depositing your paycheck will be the only sure thing. You can also fund the account with a credit card, up to $100.
Don’t check the checkbox for Relationship Rewards membership to avoid the $40 fee.
The offer is not valid everywhere. Check the details below.
- Apply Now
- Account Type: Hassle Free Checking
- Offer Code: ONFT0515
- Availability: AK, CO, CT, ID, IN, KY, ME, MI, NY, OH, OR, UT, VT, & WA.
- Expiration Date: 6/12/2015
- Hard Inquiry: Soft pull.
- Opening Deposit Credit Card Funding: Yes, up to $100 in funding.
- Direct Deposit Requirement: A total of $1000 or more within 60 days
- Monthly Fee: No
- Closing Account Fee: $25 if you close account within 180 days
You can also receive a $50 bonus for every referral. To receive your reward simply find your coupon offer on the left of the page after you sign into your account. Click on “Share the Wealth” and provide the coupon to your friend. Make sure they have their coupon with them when they open their new KeyBank account either online or at any local branch. However, as reader Sarah noted by email, if you use your referral, the person you refer will only get $100 bonus for the same requirements.
KeyBank will deposit your reward in your selected account after your friend’s account is opened and they meet all requirements. If you receive gifts totaling $600 or more, the value of your gifts will be reported on Form 1099-MISC.