The offer is extended until 12.11.26 using the code KDMB0526
The offer is extended until 22.05.26
Update 8/29/25: The $300 offer is still available, but the new $500 offer is also available.
Offer at a glance
- Maximum bonus amount: 200 dollars
- Availability:AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT or WA
- Direct deposit required: Yes, + $2000 required
- Additional requirements: Use promo code
- Hard/soft pull: Gentle pull
- ChexSystems: Mixed PD, most likely. It also reports that it is susceptible to ChexSystems.
- Credit card financing: Can finance up to $50
- Monthly fees: $7, avoidable
- Early account closure fee:
25 dollarsANY - Family boundary: ANY
- Expiration date:
November 8, 2019, April 24, 2020July 17, 2020September 18, 2020October 23, 2020 November 20, 2020August 12, 2022 March 3, 2023July 21, 2023
Offers
- KeyBank offers a $300 bonus when you open a new eligible checking account and meet the following requirements:
- Use offer code KDMA0825
- at least $2,000 in eligible direct deposits within 90 days of account opening
- Or win $500 when you open a Key Opening Choice check and meet the following requirements:
- Use offer code KDMB0825
- at least $5,000 in eligible direct deposits within 90 days of account opening
Fine Press
- Offer available online only.
- You must open a Key Express Checking® account (this is the basic NY bank account), Key Advantage® checking account, Key Privilege® checking account or Key Privilege Select Checking® account by the expiration date and make a single KeyBank direct deposit of $500 or more within 60 days of account opening to receive $200. Normal account service fees and balance requirements apply to these accounts.
- Direct deposit transactions are limited to: payroll, social security, pensions and government benefits. Accounts titled “Trust Accounts,” “Estate,” and “No Access” are excluded from eligibility. Employees of KeyBank, its subsidiaries and affiliates are not eligible for this offer. Offer/reservation number is non-transferable, non-sellable and required to qualify.
- Limit one gift per qualifying account.
- Limit one gift per individual.
- The value of your gift will be reported on Form 1099-INT and deposited into your account within 60 days of meeting the requirements.
- If you close your account within 180 days of account opening, you will be charged a $25 early account termination fee.
- Various other fees may apply.
- Offer not available to individuals who have had a KeyBank Checking Account or a KeyBank Hassle-Free® Account in the past 12 months.
- Accounts overdrawn or closed at the time of gift payment are not eligible.
- Offer subject to cancellation without notice and cannot be combined with any other offer. KeyBank is not responsible for and will not honor promotional offers that appear on third-party websites not authorized by KeyBank.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Smart key control with no monthly fee
This is a new account that can be opened with no monthly fees to worry about.
Choose Checking Account ($500 Bonus)
This account has a $25 monthly fee, waived with any of the following
- The combined balance in any combination of KeyBank checking, savings, certificates of deposit, retirement deposits 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.
Early account termination fee
If you close your account within 180 days, you are required to pay an early account closure fee of $25
Our verdict
It’s nice to see an increased $500 bonus and there is also the $300 bonus if people prefer that. The $500 bonus is harder to get hold of with no fee, it really takes a $3,000+ direct deposit. Fortunately, we have lsome data points on what codes as direct deposit. We will add this to our list best bank account bonuses.
Useful posts about bank bonuses:
Post History:
- Return by October 17, 2025 with code ADMA0525
- Return by 06/27/25 with code KDSA0325
- Update 12/23/24: The deal is back to March 21, 2025.
- Update 9/6/24: The deal is back and valid until December 20, 2024. Hats off to him knuds1b
- Update 6/25/24: Offer is back and valid through 9/20. This time for $300
- Update 4/25/24: Offer back through 10/5/24
- Update 3/19/24: The deal is back.
- Update 1/21/24: The offer is back, only $200 this time. Valid until March 15, 2024.
- Update 12/11/23: The bonus is now $300 with the promo code LDSB1223. Sometimes with bonuses that are for $200+ they ask for a second code but this one is advertised on FB/Instagram so it should be fine. Valid until January 19, 2024.
- Update 10/27/23: The deal is back with promo code ONAS1023.
- Update 9/18/23: The deal runs until October 13, 2023
- Update 7/27/23: Deal is back, expires 8/18/23
- Update 5/31/23: Back up again June 16, 2023.
- Update 4/17/23: Back again by May 20th.
- Update 3/14/23: The deal is back and valid until April 7, 2023.
- Update 2/3/23: The deal is now good through 3/3/23. Direct deposit is required again.
- Update 12/17/22: Offer is back and valid through 6/1/23.
- Update 7/20/21: Extends to August 13, 2021. Hats off to him PD
- Update 6/14/21: Extends through July 9, 2021.
- Update 11/28/20: Offer is back and valid until 1/22/2021
- Update 11/4/20: Offer is back and valid through November 20, 2020.
- Update 9/22/20: Offer is back and valid until October 23, 2020. Hat tip to the reader Don B
- Update 9/13/20: You can now open a Smart Key Checking account with no monthly fee. Hats off to him Kyle.
- Update 8/17/20: Available again until 9/17/2020 with code ONAS0820. Hats off to him Trampled
- Update 7/24/20: Available again until 8/14/20.
- Update 6/28/20: Offer is back and valid until July 17, 2020. Hat tip to the reader Jake W
- Update 4/26/20: The deal has been extended through May 15, 2020.
- Update 12/10/19: Offer is back and valid until April 24, 2020. Hat tip or 141
- Update 8/26/19: Offer available again. Hat tip to reader Dan R
