Key Select Checking®
KeyBank determines account eligibility, approval, and bonus qualification. Terms may change. Verify the latest terms on the official website before applying.
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Verification ledgerOffer terms at a glanceDeposit, spending, fee, deadline, and eligibility details
We separate the headline from the conditions required to earn it.
- Product name
- Key Select Checking®
- Financial institution
- KeyBank
- Offer type
- Checking account opening bonus
- Current bonus
- $500
- Required deposit or spending
- Open by December 11, 2026 using offer code KDMB0526, fund at least $50, and receive $5,000 or more in eligible direct deposits within 90 days.
- Direct deposit requirement
- Required: $5,000 or more in eligible direct deposits within 90 days. Review KeyBank's official terms for the precise eligible-deposit definition.
- Minimum balance
- $50 minimum opening deposit.
- Monthly or annual fee
- $25 after the first three months
- How to waive the fee
- Waived for the first three months; after that, KeyBank lists relationship-based waiver methods in the current account terms.
- Eligible states / geographic restrictions
- Available only in markets and channels where KeyBank opens the account; approval applies.
- Offer deadline
- December 11, 2026
- Estimated payout timing
- Within 60 days after meeting the requirements.
- Early closure considerations
- The account must not be closed when KeyBank pays the bonus.
- Credit inquiry information
- Unknown; the official offer does not state whether a hard inquiry is used.
- New customers who can route $5,000 of eligible income within 90 days.
- People who can maintain a sustainable fee waiver after the first three months.
- People unable to meet an ongoing fee waiver.
- Existing or recent customers excluded by the terms.
What the headline leaves out
The bonus is $200 larger than Key Smart, but it requires $3,000 more direct deposit and ongoing fee management.
How this offer differs
Key Select offers the larger reward; Key Smart is simpler and fee-free for customers who do not need Select's relationship features.
- 01Offer code KDMB0526 is required.
- 02The first-three-month fee waiver is temporary.
- 03Account must be open at payment.
- 04KeyBank determines eligibility.
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Frequently asked questions
How much direct deposit is required?
The current offer requires at least $5,000 in eligible direct deposits within 90 days.
Is the $25 fee waived?
It is waived for the first three months; afterward, a current KeyBank waiver condition is needed to avoid it.
Related guides
- Direct deposit vs. ACH
- How bank bonuses work
- Why didn’t my bank bonus post?
- Can I close my account after the bonus?
- What counts as direct deposit?
- Bank bonus checklist