Key Smart Checking®

Key Smart Checking® Review

Keybank’s roots trace back 190 years to Albany, NY and is currently based in Cleveland, OH. Key Smart Checking® is available in 15 states across the USA.

Key Takeaways

• Earn $200 Open a Key Smart Checking® account online by December 8, 2023. Make the minimum opening deposit of $10, 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.
• $0 monthly fee. This account does not charge any monthly account fees.
• Small minimum initial deposit. You only need $10 to open an account.
• Bill pay. Pay your bills to practically anyone in the United States when you enroll in KeyBank mobile or online banking.

Key Smart Checking® Pros & Cons

Pros	Cons
Convenient banking at 40,000+ KeyBank and Allpoint ATMs. Immediate Funds Accessibility options. There is an associated fee of 2% of the deposited amount via mobile, $2 minimum (standard deposit has no charge). Generous bonus offer. Free debit card Access to a nationwide network of ATMs.	Does not earn interest. Only available in 15 states. Higher than average wire transfer fees. Charges a higher than average fee on out-of-network ATM transactions.

Key Smart 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 Smart Checking® offer?

Key Smart Checking® is not an interest bearing account.

What are the account minimums for Key Smart Checking® ?

Key Smart Checking® requires a minimum initial deposit of $10 to open an account.

Key Smart Checking® Minimums

Description
Minimum Opening Deposit	$10

What fees does Key Smart Checking® charge?

The good news is that this account does not have a monthly Service Charge.

Key Smart Checking® Fees

Description
Monthly Maintenance Fee	$0
ATM Fee: In-Network	$0
ATM Fee: Out-of-Network	Starting at $3
Foreign Transaction Fee (Debit Card)	3%
Overdraft Item Fee	$20
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
Paper Statement Fee	$0
Online Bill Pay Fee	$0
Debit Card Replacement Fee (Standard Delivery)	$0
Early Account Closure	$0

Does Key Smart Checking® charge overdraft fees?

Yes, Key Smart Checking® charges a $20 fee for every overdraft.

What features and perks does Key Smart Checking® offer?

This account includes the following features:

• Earn $200 Open a Key Smart Checking® account online by December 8, 2023. Make the minimum opening deposit of $10, 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 Smart 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 Smart 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 Smart Checking® ?

The customer support email for Key Smart Checking® is customerservice@key.com.