KeyBank Offers $500 Bonus for New Checking Account in Select States

KeyBank $500 Checking Bonus

Looking to open a new checking account? KeyBank is offering an opportunity to earn a $300 or $500 bonus. To earn this bonus you need to be in one of the eligible states and complete a direct deposit. Check out the full details of this KeyBank bonus below.

How to Qualify for this Bonus

$300 Bonus:

1. Open a Key Smart Checking® or KeyBank Hassle-Free Account® by 12/19/2025. Use offer code KDMA0825.
2. Make the $10 minimum opening deposit and make a total of $2,000 or more in eligible direct deposits within 90 days of account opening.
3. Receive $300 bonus into your account within 60 days of when you meet the requirements. Account must not be closed at the time of bonus payment.

$500 Bonus:

1. Open a Key Select Checking® account by 12/19/2025. Use offer code KDMB0825.
2. Make the $50 minimum opening deposit and make a total of $5,000 or more in eligible direct deposits within 90 days of account opening.
3. Receive $500 bonus into your account within 60 days of when you meet the requirements. Account must not be closed at the time of bonus payment.

Your bonus will be deposited into your account within 60 days of meeting the requirements.

Eligibility

• Offer is available to new bank clients who have not had any type of account with KeyBank within the last 12 months.
• The offer is valid only in states that have Key Bank branches: AK, CO, CT, ID, IN, KY, ME, MI, NY, OH, OR, UT, VT, WA.
• Limit one account-opening gift per qualifying account.
• Limit one account opening gift per individual.

Fees

• Key Smart Checking has no monthly fees.
• Key Select Checking has $25 monthly maintenance fee (waived for the first 3 months). After the three (3) month grace period the monthly maintenance fee can be avoided if either of the requirements are met in a statement cycle:
  • The combined balance in any combination of KeyBank checking, savings, certificates of deposit, retirement deposit, and Key Investment Services LLC (KIS) accounts was $15,000 or more during the statement cycle. OR
  • You have eligible direct deposits totaling at least $3,000 during each statement cycle.
• If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee.

Guru’s Wrap-up

This checking account bonus is one of the better offers from KeyBank. You need to open a new account and complete $2,000 or $5,000 in direct deposit within 90 days to earn either $300 or $500 bonus. Also note that each bonus required a different account. You need to open Key Smart Checking or KeyBank Hassle-Free Account for the $300 bonus and Key Select Checking for $500 bonus.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here. Bank bonuses are a great way to generate some extra income, so it is worth looking into them. You can can definitely bring a few thousands of dollars annually, and most requirements can be easily completed from home.

💡 Link & Key Details

• OFFER PAGE 
• Promo Code: KDMA0825
• Max Bonus: $300/$500
• Account Type: Key Express
• Availability: AK, CO, CT, ID, IN, KY, ME, MI, NY, OH, OR, UT, VT, WA.
• Inquiry type: Soft pull.
• Opening Deposit Credit Card Funding: No
• Direct Deposit Requirement: $2k/$5Kwithin 60 days (see what works)
• Monthly Fee: $8 ( waived with $500 in deposits or eight transactions per statement cycle)
  
• Closing Account Fee: $25 if you close account within 180 days 
• Expiration Date: 12/20/24 3/21/25 6/27/25 8/22/25 12/19/25

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