KeyBank account review
Maximize the benefits of an interest-bearing account with the recurring opportunity to receive a $100 cash bonus annually.
Discover the Benefits of KeyBank Accounts!
KeyBank is a leading financial services company in the United States, with approximately $190 billion in assets. With a history of 190 years, KeyBank is headquartered in Cleveland, OH, and has over 1,000 full-service branches and 40,000+ ATMs nationwide.
KeyBank is committed to helping clients on their financial journey by introducing new programs, such as eliminating NSF fees and providing greater flexibility. Now, let’s explore KeyBank’s checking and savings accounts to find the one that suits your needs.
KeyBank Checking Accounts
Interest Checking Account
The Key Smart Checking account is designed for individuals who prefer simplicity and offers convenient access to their money with minimal fees. Some of its features include:
- No minimum balance requirement
- No service fees
- Free online and mobile banking
- Free bill pay
- Free mobile deposit
- Free access to KeyBank ATMs
- Debit Mastercard
- Overdraft protection
As a KeyBank Interest Checking account holder, you can enjoy a great mobile app and access to 40,000+ Key and Allpoint ATMs.
Key Select Checking
The Key Select Checking account offers easy, everyday banking with all the necessary features. Some of the benefits of this account include:
- Secure online and mobile banking
- Ability to deposit checks in the mobile app and access funds immediately
- Convenience for bill payments, money transfers, and more
- Variable interest rate based on your location
The $20 monthly maintenance fee can be waived if you meet specific requirements such as maintaining a minimum daily balance of $25,000 or having a KeyBank consumer relationship package checking account.
Hassle-Free Checking Account
The KeyBank Hassle-Free account is a checkless account that comes with no monthly maintenance fees. It is an easy-to-use account with a chip-secure debit card and secure mobile banking. You can open the account with a minimum deposit of $10 from a credit card, debit card, or bank transfer. In the event of an overdrawn account, KeyBank will not charge overdraft or NSF fees.
KeyBank Savings Accounts
KeyBank offers various savings accounts with different features to cater to different needs. Here are the highlights:
Key Active Saver®
This account allows you to start saving with just $10. Some of the features include waiving the monthly maintenance fee and setting up automatic savings with EasyUp.
Key Select Money Market Savings℠ Account
With this account, you can maximize your savings with tiered interest rates. Pairing it with a premium checking account can waive the monthly maintenance fee.
Health Savings Account
This account provides tax-free savings for qualifying medical expenses. You can make contributions, and funds can be withdrawn tax-free to pay for qualified healthcare costs.
Key4Kids® Savings Account
Designed for children under age 18, this account has no monthly maintenance fees and allows for interest-bearing savings compounded daily.
Account Requirements
To open a KeyBank account, you need to provide:
- One valid form of primary identification, such as a driver’s license or passport
- Social Security number or relevant tax identification
- A minimum deposit, which varies depending on the account type
For example, to open a KeyBank Smart Checking account, no minimum deposit is required. However, a Key Select Checking account requires a minimum deposit of $50.
How to Apply for a KeyBank Account
Now that you’re familiar with KeyBank’s accounts, it’s time to apply for your checking account. Let’s take the next step in the process.
