Here are all the details about the latest KeyBank promotions; how to qualify, what are the best bonuses available and the offer requirements, when do the promos expire, and more!
KeyBank is a regional bank based in the United States and operates primarily in the following states: Alaska, Colorado, Connecticut, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington.
If you’re not a resident of those states, you can check out other bank promotions that may be available to you.
For more current bank offers, see our bank bonuses page. The most popular offers are from Chase Bank, SoFi, KeyBank, BMO and Axos Bank.
This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
Current KeyBank Promotions
1. Key Smart Checking® Account – $300 Account Opening Bonus
KeyBank is offering a $300 bonus for opening a Key Smart Checking account using this link and making eligible direct deposits totaling $1,000 or more within 90 days of account opening. For those looking for a checking account with no monthly maintenance fee and no balance requirement, I recommend the Key Smart Checking account.
Bonus Amount: $300
Availability: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, WA
Expiration: October 17, 2025
Bonus Requirements:
- Open a new Key Smart Checking account online using this link.
- Make the minimum opening deposit of $10, plus a total of $1,000 or more in eligible direct deposits within 90 days of account opening.
- Receive a $300 cash bonus deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
Tips & Tricks for KeyBank Promotions
Existing vs New Customers
KeyBank typically offers account opening bonuses to new customers of a “product family” unless stated otherwise.
For example, personal checking accounts is considered a “product family”. You can only receive one personal checking account opening bonus and can’t open multiple checking accounts to receive multiple bonuses, but you may still be eligible for a savings account bonus or a business checking account bonus since they’re considered a different “product family”.
You may be wondering if you’re considered a new customer or if you’re eligible for a particular offer. While terms vary, we’ll examine the KeyBank checking account promotion terms and conditions. You’re eligible for a KeyBank checking bonus as long as you:
- are not an employee of KeyBank or any of its affiliates and subsidiaries.
- are not an existing KeyBank personal checking account customer (including signers on joint accounts).
- do not have an existing KeyBank personal checking account and have not been a primary account owner of a KeyBank personal checking account in the last 12 months.
When other product families have account opening bonuses (savings account, business checking account), they may have similar terms and conditions, but be sure to read them carefully as they’re subject to change.
KeyBank Promotions FAQs
Are bank sign-up bonuses taxed?
Yes, cash bonuses from bank account offers are taxable. Cash bonuses are not considered part of the opening deposit and will be reported to the IRS for tax purposes.
Expect to receive a IRS Form 1099-INT. Keep in mind that even if you don’t receive a tax form, you’re still required to self-report and pay taxes. Consult your tax advisor for further information.
Do KeyBank offers expire?
Yes. Most offers have an expiration date unless otherwise stated (although KeyBank may decide to end an offer earlier than the offer expiration date).
If you want to take advantage of a promo, you need to open an account before the stated deadline.
How long does it take to receive my bank bonus from KeyBank?
KeyBank will deposit account opening bonuses within 60 days of meeting the offer requirements. Every bank bonus offer has its own timeline so I recommend that you read the specific promotion that you’re intending to sign up for.
Can I take advantage of multiple KeyBank promotions?
It depends. For example, once you receive a bonus for opening a KeyBank personal checking account, you won’t be eligible to receive another account opening bonus on a different personal checking account.
However, you may still be eligible to get a KeyBank savings account bonus or a KeyBank business checking bonus since the offer terms only exclude you from other personal checking account promotions.
The Bottom Line
KeyBank may be smaller than national banks like Bank of America, Chase Bank, and Wells Fargo, but they have great banking products for consumers and businesses.
I consider them to be a good bank with a strong and stable operation. Their sign-up bonuses are very competitive too.
If you live in one of the states that these KeyBank bonus offers are available in, I’d definitely try out their banking products.
KeyBank, Member FDIC.
got my $300 bonus 10 days after making two $501 deposits
Key Bank has a new, bigger, better $300 bonus offer.
Thanks Sweepster! I’ll take a look at the offer details along with the terms and conditions to update this post.