KeyBank Deal: $250 Cash Bonus on New Checking Account (June 2014)

Theresa Kim

By , Staff Writer
Posted on Tue Jun 10, 2014, Last Updated on Thu Jun 12, 2014

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KeyBank is offering a $250 cash bonus to new customers that open up an eligible KeyBank checking account and make a minimum direct deposit in the account within a given time.

The deal

To qualify for the KeyBank deal, you must first sign up for one of these eligible checking accounts, including:

  • Key Express Checking Account
  • Key Coverage Checking Account
  • Key Advantage Checking Account
  • Key Privilege Checking Account
  • Key Privilege Select Checking Account

You can apply online through this promotional page under the “switch and get your $250” link by entering the offer code RETB0614.

To receive the $250 cash bonus reward, you must make at least one direct deposit of $500 or more within the first 60 days of your account opening. Direct deposit transactions are limited to payroll, Social Security, pension, and government benefits.

Your gift will be deposited within 90 days of meeting requirements. The gift will be reported on form 1099- INT.

Offer not available to individuals who have had a KeyBank checking account in the last 12 months. If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee.

Note: KeyBank can open and service accounts in the following states: AK, CO, CT, ID, IN, KY, ME, MI, NY, OH, OR, UT, VT, or WA.

The minimum opening deposit for KeyBank checking accounts is $50.

This offer expires Aug. 1, 2014.

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The accounts

Qualifying checking accounts include: Key Express Checking Account, Key Coverage Checking Account, Key Advantage Checking Account, Key Privilege Checking Account, and Key Privilege Select Checking Account.

The monthly maintenance fees are $7, $12, $18, $25, and $50, respectively. The monthly maintenance fees for all of these checking accounts can be waived when the appropriate requirements are met. For Key Advantage, Key Privilege, and Key Privilege Select Checking accounts, the monthly maintenance service charge will be waived for the first 3 months.

For more bank and credit card deals, visit MyBankTracker’s Bank Deal’s page.

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