Key Private Client® Checking
Relationship checking with a dedicated banker and advisor team.
Key Private Client checking is our best available checking account, with minimal fees and our highest transfer and deposit limits. Plus, it has all the great benefits of Key Private Client, like priority service, exclusive benefits, a personalized wealth analysis and more.
Account Overview
| Monthly Maintenance Fee | |
|---|---|
| Annual Percentage Yield | Variable |
| Minimum Opening Deposit | $50, and at least $250,000 at KeyBank within 60 days of account opening |
| ATM Fee Rebates | Unlimited |
| Overdraft Protection Transfer Fee | $0 automatic transfers from a linked KeyBank credit or checking account |
Upgraded Banking with Everything you Need.
Get all the convenient features of KeyBank checking accounts.
- Account Alerts
Set custom account alerts so you can receive text or email updates about the account information that's important to you.1
- Feature-Packed Mobile App
Deposit checks with the option to get your money immediately,2 check balances instantly and bank with MyKey, your virtual personal assistant. Get the app.
- Convenient Branches and ATMs
Visit us at any of our branches and 40,000 KeyBank and Allpoint ATMs nationwide. Find a location.
- Overdraft Protection
Link your checking account to an eligible credit or savings account to automatically cover overdrafts without a transfer fee.3
- KeyBank Debit World Mastercard®
Enjoy chip security, Tap & Go technology and all benefits of Mastercard.
Open a Key Private Client checking account today.
Meet with a banker to get started.
Frequently Asked Questions about the Key Private Client Checking Account
The interest rate for Key Private Client checking account 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.
To qualify for the Key Private Client checking account, clients must have at least $250,000 in combined deposit or investment balances with KeyBank within 60 days of opening the account and they must maintain that minimum. Here’s how we determine the amount of your qualified deposit and investment balances:
- For checking, savings, sweep balances, time and retirement deposits, we take the sum of the current end of day balance for each account, one business day prior to your Key Private Client checking account statement cycle date.
- For Key Investment Services LLC (KIS) accounts, we combine your investment balances from KIS including the value of any annuities reflected on your KIS account statement and the market value as of three business days prior to your Key Private Client Checking Account statement cycle date.
If your total relationship balances fall below the minimum, KeyBank may convert your Key Private Client checking account to another checking account, at our discretion.
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.
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 accounts Personal Checking Account Fees and Disclosures for additional information and Personal Savings Overdraft Protection Agreement for further information on linking savings account for protection.
Key Private Client is a marketing name through which KeyBank National Association (KeyBank) and certain affiliates such as Key Investment Services LLC (KIS) and KeyCorp Insurance Agency USA Inc. (KIA), provide banking and/or investment product and service offerings as described below.
KeyBank, KIS and KIA are separate entities. Each entity separately supervises the sales and other activities of financial professionals providing access to its products and services. Investment products, brokerage and investment advisory services are offered through KIS, member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KIA. Deposit, lending, trust and other banking products and services are available through KeyBank, Member FDIC and Equal Housing Lender. All loans provided by KeyBank are subject to underwriting, credit, and collateral approval, in addition to origination or other transaction fees. Financing availability may vary by state. Restrictions may apply NMLS ID 399797.
Services provided by KeyBank, KIS or KIA should not be relied upon or used in substitution for independent and personal tax advice. KeyBank, KIS or KIA do not provide legal advice. Individuals should consult their personal tax advisor or attorney before making any tax-related investment decisions.
For more information about these services, speak with your Financial Professional.
Investment and insurance products made available through KIS and KIA are: