Key Select Checking℠

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 $200 with Key Select Checking℠ and qualified activities until 12.8.2023. Make the minimum opening deposit of $50 plus one direct deposit of at least $500 within the first 60 days of account opening. Your $200 cash bonus will be deposited into your account within 90 days of meeting requirements. Account must not be closed or restricted during the time of promotional period.
• Low APY. The maximum annual percentage yield for this account is only 0.05%.
• No monthly maintenance fee. Waived for the first 3 months; $25.00 thereafter. To avoid a $25.00 monthly Maintenance Service Charge: You have direct deposits totaling at least $5,000.00 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), OR If you are a Key@Work program member and have at least $3,000 in cumulative direct deposits each statement period.
• Bill pay. Pay your bills to practically anyone in the United States when you enroll in KeyBank mobile or online banking.

Key Select Checking℠ Pros & Cons

Pros	Cons
Generous bonus offer. Interest-yielding account. Free debit card Access to a nationwide network of ATMs. No charge on incoming domestic or international wire transfers.	Only available in 15 states. Higher than average wire transfer fees. Monthly service charge (if minimums are not met).

Key Select Checking℠ FAQ

Are checking accounts from KeyBank federally insured?

Yes, your deposits are 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 Key Select Checking℠ offer?

Key Select Checking℠ Rates & Terms

Description
APY (Annual Percentage Yield)	0.05%

Key Select Checking℠ offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Key Select Checking℠?

Key Select Checking℠ requires a minimum initial deposit of $50 to open an account.

Key Select Checking℠ Minimums

Description
Minimum Opening Deposit	$50*
Minimum Balance to Avoid Monthly Fee	$15,000
Minimum Combined Balance to Avoid Monthly Fee	$15,000
Minimum Direct Deposit to Avoid Monthly Fee	Starting at $5,000

What fees does Key Select Checking℠ charge?

This account charges a monthly maintenance fee of $25.

Key Select Checking℠ Fees

Description
Monthly Maintenance Fee	$25*
ATM Fee: In-Network	$0
ATM Fee: Out-of-Network	Starting at $0*
Foreign Transaction Fee (Debit Card)	3%
Overdraft Item Fee	$20
Stop Payment Fee	$34
Wire Transfer Fee - Domestic (Incoming)	$0
Wire Transfer Fee - Domestic (Outgoing)	$30
Wire Transfer Fee - International (Incoming)	$0
Wire Transfer Fee - International (Outgoing)	$45
Paper Statement Fee	$0
Online Bill Pay Fee	$0
Debit Card Replacement Fee (Standard Delivery)	$0

Does Key Select Checking℠ charge overdraft fees?

Yes, Key Select Checking℠ charges a $20 fee for every overdraft.

What features and perks does Key Select Checking℠ offer?

This account includes the following features:

• Earn $200 with Key Select Checking℠ and qualified activities until 12.8.2023. Make the minimum opening deposit of $50 plus one direct deposit of at least $500 within the first 60 days of account opening. Your $200 cash bonus will be deposited into your account within 90 days of meeting requirements. Account must not be closed or restricted during the time of promotional period.
• 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.
• Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Key Select 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.

What is the customer support email for Key Select Checking℠?

The customer support email for Key Select Checking℠ is customerservice@key.com.