Last Updated: 01/21/2026
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Highlights
Welcome Offer
N/A(Verified 12/12/2024)
Cashback Rewards
N/A
APY (Annual Percentage Yield)
Up to 0.05%(Verified 01/16/2026)
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Monthly Service Fee
$25(Verified 01/21/2026)
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Key Select Checking® Review
Keybank’s roots trace back 190 years to Albany, NY and is currently based in Cleveland, OH. Key Select Checking® is available in 15 states across the USA.
Key Takeaways
- Earn $100 cash bonus year after year with qualifying activities. 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. The bonus will be reported to the IRS on form 1099-INT.
- Earn $500 when you open a Key Select Checking account and make the minimum opening deposit of $50, and $5,000 or more in eligible direct deposit within the first 90 days of account opening. Your $500 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
- Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.05% . Visit KeyBank for more details.
- Waivable monthly maintenance fee. Waived for the first 3 months; $25.00 thereafter. To avoid a $25.00 monthly Maintenance Service Charge: You have eligible direct deposits totaling at least $3,000.00 or more credited to this Account during a statement period, OR Maintain a minimum of $15,000.00 in any combination of checking, savings, CDs, retirement deposits, investments (including annuity balances reflected on your Key Investment Services LLC (KIS) account statement).
Key Select Checking® Pros & Cons
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Key Select Checking® FAQ
Are checking accounts from KeyBank federally insured?
Yes, your deposits are insured 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 Key Select Checking® offer?
Key Select Checking® offers an APY up to 0.05% (APY stands for annual percentage yield, rates may change).
Visit KeyBank for more details.What are the account minimums for Key Select Checking®?
Key Select Checking® requires a minimum initial deposit of $50.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $15,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What fees does Key Select Checking® charge?
This account charges a monthly maintenance fee each statement cycle of $25. The monthly fee is waived for the first 3 months; $25.00 thereafter. To avoid a $25.00 monthly Maintenance Service Charge: You have eligible direct deposits totaling at least $3,000.00 or more credited to this Account during a statement period, OR Having a combined balance in any combination of KeyBank checking and savings deposit accounts, certificates of deposit, retirement deposits, and Key Investment Services LLC accounts of $15,000 or more.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $25 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | $0 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $20 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bill Pay Fee (Standard Delivery) | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Does Key Select Checking® charge overdraft fees?
Yes, Key Select Checking® charges a $20 fee for every overdraft. If your account’s overdrawn by $20 or less at the end of the day, you won’t see an overdraft fee from KeyBank. There is a cap of three overdraft items fees per day, so the maximum overdraft fee is $60 per day per account. *Visit KeyBank for more details.What features and perks does Key Select Checking® offer?
This account includes the following features:
- Earn $500 when you open a Key Select Checking account and make the minimum opening deposit of $50, and $5,000 or more in eligible direct deposit within the first 90 days of account opening. Your $500 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
- Fraud monitoring - Key Select 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.
- Mobile Banking Services - Key Select Checking® allows you to manage your money online or with a mobile app. This includes depositing checks1 in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Promotional Offers
Earn $500
Earn $500 when you open a Key Select Checking account and make the minimum opening deposit of $50, and $5,000 or more in eligible direct deposit within the first 90 days of account opening. Your $500 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.