KeyBank Bonus: Earn Up to $500 With New Checking Account

KeyBank Checking Bonus: Earn Up to $500

KeyBank is offering new checking account bonuses worth up to $500 for eligible new customers. You can earn either a $300 bonus with Key Smart Checking® or a $500 bonus with Key Select Checking® after completing qualifying direct deposits. Let’s see how these bonuses work, and who is eligible.

How to Earn This Bonus

There are two separate offers:

$300 Key Smart Checking® Bonus

1. Open a Key Smart Checking® or KeyBank Hassle-Free Account® by 12/11/2026. Use offer code KDMA0526.
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 Key Select Checking® Bonus

1. Open a Key Select Checking® account by 12/11/2026. Use offer code KDMB0526.
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.

Eligible direct deposits include ACH deposits such as payroll, Social Security, pension payments, and government benefits. Teller deposits, mobile deposits, ATM deposits, and transfers do not qualify.

Are You Eligible?

Here are the eligibility details for this bonus:

• Offer is not available to anyone who has been a primary owner of a KeyBank personal checking account within the last 12 months
• You must have a valid Social Security Number or Taxpayer Identification Number
• Available in states with KeyBank branches: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT and WA
• Limit one account-opening gift per qualifying account.
• Limit one account opening gift per individual.

Accounts are subject to approval and KeyBank may use ChexSystems during the application process.

Account 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

These are solid checking bonuses 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 Info

• OFFER PAGE 
• Promo Code: KDMA0526/KDMB0526 
• Max Bonus: $300/$500
• Account Type: Smart/Select Checking
• 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 2/6/26 5/22/26 12/11/26

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