Key Select Checking®
Earn interest and an annual $100 cash bonus.1
Key Select Checking accounts have all the features you expect — like fee-free3 access to 40,000+ ATMs — and the cash bonuses you wouldn’t. When you open a Key Select Checking account and make qualified direct deposits, you’ll earn a $100 cash bonus, year after year.
Interest-Bearing Checking Account Overview
| Waivable Monthly Maintenance Fee | $25 (waived for first 3 months) or $0 (2) |
|---|---|
| Annual Percentage Yield |
Variable |
| No Fee ATMs |
$0 KeyBank and Allpoint® ATM access nationwide with your KeyBank Debit Mastercard® |
| ATM Fee Rebates | $6 for fees charged by out-of-network ATMs (4) |
| Overdraft Protection Transfer Fee | $0 automatic transfers from a linked KeyBank credit or savings account (5) |
| Paper Checks | No-cost check options; some licensed designs and customization options have an associated cost; shipping and taxes apply |
NOW FEATURING EARLY PAY
With Early Pay, payday could be just that. Early.
Add direct deposits to your checking account and you could get paid up to two days sooner.6
Features and Benefits
$100 Cash Bonus, Year After Year
Earn your bonus by continuing to make eligible direct deposits to your Key Select Checking account before your bonus qualification date. Get details.
Waive the Monthly Maintenance Fee
Your fee will be waived if you have $5,000 a month in direct deposits, or at least $15,000 in combined KeyBank account balances. We also waive the fee for the first three statement periods.2
Earn Interest, Save More
Save more with daily compounded interest and a monthly fee waiver7 for our premium savings account, Key Select Money Market Savings®.
Checking that puts you in control of your money.
See the rewarding benefits of banking with Key
Visit us at any of our convenient branches and 40,000 KeyBank ATMs and Allpoint ATMs nationwide. Find a location.
If your account’s overdrawn by $20 or less at the end of the day, you won’t see an overdraft fee5 from KeyBank.
Set custom account alerts so you can receive text or email updates about the account information that's important to you.8
Easy, everyday banking with everything you need.
Get all the convenient features of KeyBank checking accounts.
- Secure Online and Mobile Banking
Deposit checks in the mobile app with the option to get your money immediately,9 pay bills, send money to friends and family, and more.8,10
- Overdraft Protection
Link your checking account to an eligible credit or savings account to automatically cover overdrafts without a transfer fee.5
- KeyBank Debit Mastercard®
Enjoy chip security, Tap & Go technology, and all the benefits of Mastercard.
- EasyUp®, Automatic Savings
Use EasyUp to build up savings or pay down debt without even thinking about it.
- Relationship Rates and Benefits
Earn higher interest rates, more cashback, loan discounts, and more — it all starts with a KeyBank checking account. Learn more about relationship benefits.
Earn interest rate ( blended APY*) for 6 months.
Rate available with Key Select Money Market Savings® balances of $25,000 to $1,999,999.99 with an increase in total relationship balances of at least $25,000.
Frequently Asked Questions About Key Select Checking
The interest rate for Key Select Checking is variable and based on where you live. You’ll always see your current interest rate in online and mobile banking, on your monthly statement, and at Rates & Fees.
The interest rate for Key Select Checking is compounded daily for higher returns and is in addition to the annual $100 cash bonus you may earn with eligible direct deposits.
You’ll need:
- Your Social Security number
- One valid form of primary identification (such as a driver’s license, passport, or government-issued ID with photo and signature)
- $50 minimum opening deposit
Key Select Checking is an interest-bearing checking account with an annual cash bonus that you can open online in about five minutes.
Once your Key Select Checking account application is submitted and approved, you’ll receive a confirmation message that includes your account number. You can use your account number to immediately enroll in online and mobile banking.
If you chose to receive a debit card, it will arrive 5 – 7 days after you make the initial deposit in your checking account. If you chose to receive checks, they’ll arrive in 10 – 14 days.
Here’s how to qualify to earn the $100 annual cash bonus for Key Select Checking:
Make qualified direct deposits.1
- Direct deposit at least $60,000 over the evaluation period, which is 12 months long and begins the first day of the second full month after account opening. For example, if you open your account June 3, your evaluation period would be August 1 through July 31 every year.
- Make sure that at least one eligible direct deposit is received during the last two calendar months of the evaluation period.
Collect your $100 cash bonus.
Your $100 cash bonus will be deposited into your checking account within 30 calendar days of the end of the evaluation period, unless your account is closed, or in a legally dormant state.
Yes, your $100 cash bonus will be reported to the IRS on form 1099-INT.
With Key Select Checking, there are no-cost check options and some customized and designer options for a fee. Shipping and taxes apply to check orders.
It’s fast and easy to order checks from KeyBank online and mobile banking, in any KeyBank branch, or with your routing and account number, directly from our preferred vender Harland Clarke.11 Order online or at 1-800-355-8123, dial 711 for TTY/TRS.
Open your interest-bearing Key Select Checking account in about 5 minutes!
Key Select Checking Account is an interest-bearing account. Annual Percentage Yields (APY) are accurate as of , for zip code 44114. 0.05% APY applies to balances of $0.00-$2,499.99, 0.05% APY on balances $2,500-$4,999.99, 0.05% APY on balances $5,000-$9,999.99, 0.05% APY on balances $10,000-$24,999.99, 0.05% APY on balances $25,000-$49,999.99, 0.05% APY on balances $50,000-$99,999.99, 0.05% APY on balances $100,000-$249,999.99, 0.05% APY on balances $250,000-$499,999.99, 0.05% APY on balances $500,000-$999,999.99, 0.05% APY on balances $1,000,000 and above. Key Select Checking Account is a variable rate account, rates may vary. Rates and terms may change at the bank’s discretion. Minimum balance to open this account is $50. Fees may reduce earnings.
EVALUATION PERIOD DEFINITIONS
- New Key Select Checking Account: Your account will be reviewed for eligible deposits during the 12 calendar months following the first calendar day of the second full month after account opening.
$100 BONUS
- Direct Deposits: To qualify for the $100 bonus, ALL of the following three requirements must be met. Eligible direct deposits:
- Must total at least $60,000 during the Evaluation Period.
- Are electronic automated clearing house (ACH) deposits. Examples of eligible direct deposits include, but are not limited to: payroll, Social Security, pension and government benefits. Deposits made through a teller, ATM, or the KeyBank mobile app are ineligible direct deposits.
- At least one eligible direct deposit transaction (in any amount) must be received within the final two calendar months at the end of the Evaluation Period.
Your account will be reviewed at the end of each Evaluation Period for cash bonus eligibility. Eligibility is based on cumulative direct deposits in the preceding Evaluation Period. Your $100 bonus will be reported to the IRS on Form 1099-INT. Your $100 bonus will be deposited into your checking account within 30 calendar days after the Evaluation Period has expired. If your account is converted into an account type other than a Key Select Checking Account during the Evaluation Period, progress toward the cash bonus is forfeited. Accounts that are closed or in a legally dormant status (legally dormant status is determined by applicable state law) at the end of the Evaluation Period or at the time of the bonus payout are not eligible for the bonus payment.
$25 monthly maintenance fee (waived for the first 3 months).
After the 3 month grace period, the $25 monthly maintenance fee for the Key Select Checking Account can be avoided if one of the following requirements is met in a statement period:
- You have direct deposits totaling at least $5,000 during each statement period.
- The combined balance in any combination of KeyBank checking and savings deposit accounts, certificates of deposit, retirement accounts, and Key Investment Services LLC accounts is $15,000 or more.
- You are a Key@Work program member and have at least $3,000 in cumulative direct deposit each statement period. If you leave your current employer and direct deposits are discontinued you may be subject to the combined balance requirements to avoid the monthly maintenance fee until direct deposits are reinstated by your new employer.
Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor.
Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank).
Investment and insurance products made available through KIS and KIA are:
KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank.
No surcharge at KeyBank ATMs. No surcharge at Allpoint ATMs when using your KeyBank debit card on an eligible account type. With the exception of the KeyBank Hassle-Free Account®, all clients in KeyBank’s personal checking products are eligible for Allpoint when they use their KeyBank Debit Mastercard®. Savings, Business and Hassle-Free accounts are not eligible for Allpoint.
Key Select Checking account holders will receive a refund of the first 2 ATM surcharges, up to $6 per month, of other bank’s ATM cash withdrawal surcharges when the withdrawals are made with any KeyBank Debit Mastercard®. The refunds do not apply when the withdrawals are made with a KeyBank ATM Card. The surcharge refund will be credited monthly to your Key Select Checking Account and will be reflected on your account statement.
Overdraft Item Charges are $20 per item. Charges apply to transactions created by check, in-person withdrawal, recurring debit card transactions, or other electronic means. Overdraft charges will not be imposed on ATM withdrawals or one-time debit card items unless the customer has opted in authorizing Key to pay these items into overdraft and assess a charge. You agree to pay us the full amount of any overdraft on your Account immediately upon demand, together with any additional charges we assess. KeyBank’s approval of overdrafts is a discretionary courtesy. For Consumer accounts: No charges will be assessed when the account is overdrawn twenty ($20) dollars or less at the end of the day. Overdraft charges are assessed on up to three (3) items per day, with the maximum not to exceed $60 per day per account. Overdraft charges may not post on the same day as the transaction which triggers the fee(s). There is a cap of 20 assessed overdraft charges within a monthly statement period. If at the end of the day your account’s overdrawn available balance is more than $20 for 5 consecutive business days, an additional $20 Recurring Overdraft Service Charge will be assessed. See your account's Personal Checking Account Fees and Disclosures for additional information and Personal Savings Overdraft Protection Agreement for further information on linking savings account for protection.
Early Pay is a service included with your KeyBank consumer deposit account in which KeyBank makes your eligible direct deposits available up to two business days early. Eligible direct deposits include certain transactions such as payroll, government benefits, or similar types of payments. The Early Pay service is dependent on when KeyBank receives information from the payer that the funds are on the way, this could vary, and you may not always receive your funds early. You cannot opt out of Early Pay.
The $20 monthly maintenance fee will be waived for any statement cycle when the client meets one of the following requirements:
- Maintains a KeyBank consumer relationship package checking account.
- Maintains a minimum daily balance of at least $25,000 during the statement cycle.
Message and data rates may apply from your wireless carrier.
Immediate Funds℠ is available in the KeyBank mobile app as an option for eligible mobile check deposits. You will also have the option for a standard deposit at no charge. The Immediate Funds fee is 2% of the deposit amount, with a minimum fee of $2.
Immediate Funds requests made after 11:00 p.m. ET will have immediate funds availability for ATM withdrawal and point-of-sale transactions. However, it will take until the next business day for the funds to be available to cover overdrafts or other transaction types. For more information, review our Funds Availability Policy.
Subject to terms and conditions in Service Agreement.
KeyCorp is not affiliated with, maintained by, or in any way officially connected with Harland Clarke or any of its business units.
Please read our Agreements and Disclosures. If you opened your deposit account online within the last 90 days, you may also review the original agreements and disclosures provided to you.
The issuer of this debit card is KeyBank N.A. pursuant to a license from Mastercard International Incorporated. Mastercard and Tap & Go are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.