Newest KeyBank Promotions: Best Offers, Coupons and Bonuses June 2020

Jump-start your savings with these KeyBank promotions.

KeyBank offers a host of community banking services in 15 states, spreading from Maine and New York to Colorado and Utah. For residents of the bank’s service area who are not already customers, now is a good time to take advantage of its current promotions, which could earn you as much as $250.

A GOBankingRates survey revealed that more than half of respondents didn’t know whether their banks even offer regular sign-up bonuses, which means they miss out on a shot at free money. The good news is, you don’t have to be one of them.

Check out what KeyBank has to offer this month in terms of bonuses for opening new accounts. Here’s what you’ll find in this guide to current KeyBank promotions:

KeyBank Promotions at a Glance

Two KeyBank offers are available for June 2020. Like last month, one requires a special membership.

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Here are the details:

Best KeyBank Promotions: June 2020
Account Cash Value of Bonus Expiration Date
Key Checking Account for Key@Work Members
(including Key Express, Key Advantage, Key Privilege and Key Privilege Select)
$250 June 26
Checking Account
(including Key Express, Key Advantage, Key Privilege and Key Privilege Select)
$200 June 12

KeyBank Checking Account Promotions

The current promotions at KeyBank focus on checking accounts and can put as much as $250 in your pocket when you meet the requirements.  Keep reading to learn more:

KeyBank Checking Account (Key@Work Members Only): $250 Bonus

This KeyBank promotion offers a cash bonus when you open a new checking account and make a designated minimum deposit. The accounts covered by this promotion are Key Express Checking, Key Advantage Checking, Key Privilege Checking and Key Privilege Select Checking, which are available to Key@Work Members.

All accounts except for Key Express Checking pay interest on the balance. Here’s more:

  • Cash value: $250
  • Minimum deposit to qualify: $1,000 or more in direct deposits within 90 days of account opening
  • Expiration date: June 26
  • How to get it: Enroll in the Key@Work program and enter the KeyBank coupon code ONKW0420 when you apply, then meet the direct deposit requirement.
  • When you’ll get it: Within 120 days of meeting the requirements
  • Terms and conditions: A $25 early closure fee is charged if the account is closed within 180 days of opening. This offer is not available to customers who had a checking account or a KeyBank Hassle-Free Account with KeyBank in the last 12 months as primary owners. Accounts that are closed or overdrawn will not receive the reward. This offer is eligible for Key@Work members only.
  • Monthly fees: $7 to $50 depending on the account, but these can be waived by meeting certain criteria
  • Promotion page: KeyBank checking account bonus offer

KeyBank Checking Account: $200 Bonus

KeyBank is offering a $200 bonus on several select checking accounts when you open a new account and make a designated minimum deposit. The accounts covered by this promotion are Key Express Checking, Key Advantage Checking, Key Privilege Checking and Key Privilege Select Checking.

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All of the accounts require an opening deposit of $50, and all but Key Express Checking pay interest on the balance. Here are the details:

  • Cash value: $200
  • Minimum deposit to qualify: $50
  • Expiration date: June 12
  • How to get it: Enter the KeyBank coupon code ONAS0520 when you apply and then make at least one direct deposit of $500 within 60 days.
  • When you’ll get it: Within 60 days after meeting the requirements
  • Terms and conditions: A $25 early closure fee is charged if the account is closed within 180 days of opening. The bonus cash is available to new KeyBank checking customers only. Accounts that are closed or overdrawn will not receive the reward.
  • Monthly fees: $7 to $50 depending on the account, but these can be waived by meeting certain criteria
  • Promotion page: KeyBank checking account bonus offer

Check Out: Interest Rates vs. APR

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How To Open a KeyBank Account

KeyBank offers three easy ways to open an account. Depending on your preferences, you can choose from one of the following:

Opening a KeyBank Account Online

Applying for an account online takes less than 10 minutes, according to KeyBank. Here’s what to do:

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  • Go to the KeyBank website and click on the “Open a Bank Account” link.
  • Enter your ZIP code to determine whether KeyBank offers accounts in your area.
  • Provide your Social Security number, driver’s license information and minimum opening deposit.

You can also contact a KeyBank representative via live chat who can help you complete your application.

Opening a KeyBank Account in Person

To open a KeyBank account in person, use the branch locator to find the location nearest you so you can confirm the street address and branch hours before heading out. A customer service rep at the branch will walk you through the application process.

Opening a KeyBank Account by Phone

To open a KeyBank account by phone, call the bank at 800-539-2968. Follow the prompts to reach a representative who can assist you.

Are KeyBank Promotions Right for You?

When you’re looking at the prospect of earning a couple of hundred dollars for opening a checking account, it might be tempting to move quickly. But it’s important to make sure you find an account that suits your financial goals — and that you live in KeyBank’s service area.

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If so, there’s plenty to like about KeyBank. It offers a full suite of banking products, including deposit accounts, credit cards and mortgage loans.

The bank has a wide geographic reach as well as the usual lineup of online and mobile banking options. KeyBank’s cash promotions might be worth considering if you’re looking for a new place to bank.

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More on Keybank

More Bank Promotions

This content is not provided by KeyBank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by KeyBank.

This article has been updated with additional reporting since its original publication.

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About the Author

Cynthia Measom

Cynthia Measom is a Texas-based writer specializing in finance, business, parenting and education. With almost a decade of online writing experience, her work has appeared on websites such as Chron.com, The Bump and The Motley Fool. Measom received a Bachelor of Arts in English from the University of Texas at Austin.

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