MyBankTracker rated KeyBank based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.
Thinking of banking at FEEbank?.. think again.
Here is a list of fees, tricks and otherwise underhanded tactics to keep in mind.
true, Interest rates are cheap, But don't let that fool you, what they forgo in interest, they MORE than make up for in fees. YOU WILL BE SOAKED AND SMOTHERED IN FEES AND SLOW DEPOSIT POSTINGS, To escape the cycle, you Must pay off what you owe and close, close, close that account!
CHARGE-, to mobile bank.
CHARGE- for your paper bank statement.
CHARGE - if you make less than 5 transactions in a month.
OVERDRAFT PROTECTION ON YOUR CHECKING ACCOUNT?
forget it, you must apply for a line of credit, then attach it to your checking account, you now have a loan on your credit report. But make sure it actually gets attached to your checking account.
Do you STILL want a Line of credit?.. here's the rules.
CHARGE- to send you your monthly bill
CHARGE- per transaction to actually use it
YOU CAN'T MAKE PAYMENTS THRU THE ATM.
So, you are still ok with all these and still want to bank with them..
ONLINE- bank statement:
Very difficult to read,
Loan due dates are very small and in italics. The very thing that most consumers want to be able to find easily.
Over the phone Customer service:
probably out of India judging by the accent, I never had my problems resolved over the phone as I can't understand the CSR, In frustration, I just hang up.
Banking in person at local branches:
WAY to FEW tellers.
Local CSR seriously lack experience, they don't know how to resolve simple problems such as tellers depositing money in the wrong account. Tellers are preoccupied with other tasks, even when I am the only one standing in line, I wait in line.
Today I pay off my credit line, and close my account. I am soo done with keybank.. Too many fees, lousy customer service, and uninformed,inept tellers, who don't bother posting deposits in a timely manner.
Besides a lot of other issues with Key Bank predatory practices, I have recently found that the "promised delivery" date of e-bill payments are not being met. When the issue is raised with a branch on or after the promised date the check mysteriously shows up the next day. Of course, the account is debited the supposed date of issue, not the day actually cashed. Key Bank response to my bringing this problem to their attention?? - "well, it must be a postal service problem". It does not take 7 days for the postal service to deliver a letter.
I wish I could give zero stars. My husband has been a Key Bank customer for decades, and today was the last straw. We will be switching banks.
We were treated as an annoyance when we had questions about our accounts (because it seems there was an error with the timing of credits and debits). Not only did it seem like we were annoying the tellers and managers with our questions, we were told several times that we should have known certain things. Our questions were not answered, we were not helped, and we were asked to move out of line to help other customers. We were told we could wait 20 minutes to be helped or make an appointment for Monday.
They were rude, unhelpful, and uncaring. So yes, this was the last straw.
The other straws were little things that all added up to one sad fact: Key Bank is no longer the local, friendly, caring choice. They are a big bank that chooses to focus on their profits over their customers. We will be moving our business to a local credit union who still cares about their customers like they are people.