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  KeyBank Advantage Checking Account
KeyBank Advantage Checking Account

in Checking Accounts from KeyBank

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KeyBank Advantage Checking Account

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in Checking Accounts from KeyBank

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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.01% - 0.02%
Monthly Fee $0 - $18
Minimum Balance to Avoid Monthly Fee N/A

KeyBank Advantage Checking Account Review

KeyBank Advantage Checking Account is offered by KeyBank, a financial services company founded in 2009 and based in Washington DC, . KeyBank Advantage Checking Account is available in 15 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.02%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $18.
  • Bill pay. Pay your bills to practically anyone in the United States through KeyBank.
KeyBank Advantage checking Pros & Cons
Pros Cons
  • Offers a $100 bonus offer.
  • Interest-yielding account.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Only available in 15 states.
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
  • Charges a higher than average fee on out-of-network ATM transactions.
KeyBank Advantage checking FAQ

Are checking accounts from KeyBank federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does KeyBank Advantage checking offer?

KeyBank Advantage checking offers an APY starting at 0.01% and ranging up to 0.02% (APY stands for annual percentage yield, rates may change).

KeyBank Advantage checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.01% - 0.02%

What are the account minimums for KeyBank Advantage checking?

KeyBank Advantage Checking Account Minimums
Description
Minimum Combined Balance to Avoid Monthly Fee $10,000
Minimum Direct Deposit to Avoid Monthly Fee $1,000

What fees does KeyBank Advantage checking charge?

This account charges a monthly service fee of up to $18.

KeyBank Advantage Checking Account Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $18
NSF Fee $33
Online Bill Pay Fee $0
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $10
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $34
Wire Transfer Fee - Domestic (Incoming) $20
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $20
Wire Transfer Fee - International (Outgoing) $45
ATM Fee: Out-of-Network $3

Does KeyBank Advantage checking charge overdraft fees?

Yes, KeyBank Advantage checking charges a $33 fee for every overdraft.

KeyBank Advantage checking offers overdraft protection at a cost of $10 per transaction.

What features and perks does KeyBank Advantage checking offer?

This account includes the following features:

  • Fraud monitoring - KeyBank Advantage checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - KeyBank Advantage checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From KeyBank Advantage Checking Account

It might be time for a smarter checking account. Find a checking account that checks all your boxes. An easy way to set up automatic savings: Check. Overdraft protection from a linked savings account with no transfer fee: Check. Access to 1,100 branches and more than 40,000 ATMs nationwide: Check. Compare our checking accounts and open yours online in minutes. Key Advantage Checking®, Interest bearing with waivable fees. Let your money work as hard as you do. This interest-bearing checking account has money saving features plus all the conveniences of traditional checking.

Availability

  Available in 15 states
  • Alaska
  • Colorado
  • Connecticut
  • Idaho
  • Indiana
  • Massachusetts
  • Maine
  • Michigan
  • New York
  • Ohio
  • Oregon
  • Pennsylvania
  • Utah
  • Vermont
  • Washington

Feature Breakdown

Minimum Combined Balance to Avoid Monthly Fee $10,000
Minimum Direct Deposit to Avoid Monthly Fee $1,000
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Online Bill Pay Fee $0
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $18
NSF Fee $33
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $10
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $34
Wire Transfer Fee - Domestic (Incoming) $20
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $20
Wire Transfer Fee - International (Outgoing) $45
ATM Fee: Out-of-Network $3
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Member FDIC
Signup Bonus Starting at $100
Signup Deposit Requirement $0
APY (Annual Percentage Yield) 0.01% - 0.02%

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