Offer at a glance
- Maximum bonus amount: 1000 dollars
- Availability: Branch only, all branches are in AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT or WA
- Direct deposit required: ANY
- Additional requirements: See below
- Hard/soft pull: Gentle pull
- ChexSystems: Mixed PD, most likely. It also reports that it is vulnerable to ChexSystems.
- Credit card financing: Can finance up to $50
- Monthly fees: $5, avoidable
- Early account closure fee: ANY
- Family boundary: None listed
- Expiration date: July 24, 2026
Offers
- Keybank offers a $1,000 bonus when you open a new business checking account at the branch and meet the following requirements:
- Schedule an appointment with a banker to open your Business Rewards Check® account from July 24, 2026.
- Make the minimum opening deposit of $25 and a total of 25,000 dollars or more within 30 days. Maintain a minimum daily balance of $25,000 or more for the first 90 days.
- Your bonus will be deposited into your account within 60 days of meeting the requirements.
Fine Press
- To qualify for the top business reward of $1,000® Checking the offer:
- 1. Open a new main business reward check® account between 24.7.2026.
- 2. Make a total of $25,000 or more in deposits to your new qualifying checking account within 30 days of account opening.
- 3. Maintain an end-of-day balance of at least $25,000 from the date you first reach this balance in the new checking account for at least 90 consecutive days. If the day you first reach the $25,000 balance falls on a weekend or federal holiday, the 90-day maintenance period will begin the next business day. If the last day of the 90-day maintenance period falls on a weekend or federal holiday, the last balance of the previous business day will be used to determine eligibility. If your new checking account balance falls below $25,000 at any time within the 90-day balance maintenance period, you will no longer be eligible for the promotion.
- Your bonus will be deposited into your new Business Rewards Check® account within 60 days of meeting all requirements. The $1,000 bonus account opening offer will be reported on Form 1099-INT. The account must not be closed at the time of bonus payment. Offer available only if the business entity (SSN/EIN) has not had a KeyBank Business Checking or KeyBank Business Savings Account within the past 12 months. Minimum opening deposit for a top business bonus check® the bill is $25. Limit one account opening offer to qualifying accounts. Limit one account opening offer per business entity (SSN/EIN). Limited collateral accounts opened by KeyBank are not eligible for this offer. This account opening offer is subject to cancellation without notice. Valid social security number or employer identification number and US address required to qualify for offer. Employees of KeyBank, its subsidiaries and affiliates are not eligible for this offer.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
Rewards Check has a $25 monthly fee, which is waived for the first two months. Beginning in the third month, the $25 monthly Business Rewards Checking Account maintenance fee may be waived if any of the following balance requirements are met during the monthly statement period as follows:
- The average book balance in your business principal reward checking account was $7,500.00 or more during the monthly statement period; OR
- The following total was $20,000.00 or more: 1) The cycle-to-date average combined ledger balance in any combination of business checking (excluding certain business accounts opened for the benefit of others), business savings, and business certificates of deposit accounts within two business days prior to the statement cycle date of your principal business reward checking account; and/or 2) the outstanding balance of all trade loans and lines of credit, including your business cash reserve credit account(s) (excluding balances 60 days or more past due) no more than five business days prior to the statement cycle date of your principal business reward checking account; OR
- Subscribe to Top Merchant Services.
Early account termination fee
Our verdict
Before Keybank offered a $500 bonus that only required $5,000 in funding and was easier to maintain with no fees, but this promotion is now targeted. If you put $25,000 into one 5% profit account for 90 days you would earn ~$310, then you would either have to pay $25 per month for 60 days (twice) or keep $7,500 in the account to keep it free. Still worth doing, but a bit annoying. We’ll be adding this to our list of the best business checking bonuses.
Hat tip to the reader Jack & Brad
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