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KeyBank

KeyBank Key Select Checking $500 Bonus

KeyBank pays you $500 when you open a Key Select Checking account and receive $500 or more in qualifying direct deposits within 60 days. Available in 15 states. No monthly fee with qualifying balance. Soft credit pull. Bonus typically posts within 60 days of meeting all conditions.

Bonus amount
$500
Expires
May 22, 2026
Time to complete
~90 days
Bonus deposited in
~60 days
Difficulty
Hard

Requirements

Last verified: May 5, 2026

  1. Open an account

    Open your new account using the offer link before the offer expires.

  2. Eligible direct deposits

    Make the $50 minimum opening deposit and a total of $5,000 or more in eligible direct deposits within 90 days of account opening.

Paid within 60 days of meeting requirements (per KeyBank offer page).

Tips & Gotchas

  • →Key Select Checking has a $25 monthly maintenance fee after a 3-statement-cycle grace period; ensure you can waive it.

Direct Deposit Data Points 21

Community-reported results for what triggers a qualifying direct deposit at KeyBank.

37 total

View all direct deposit data points across every bank →

Account Details

Monthly fee$25/month
Fee waiver
  • Eligible direct deposits totaling $3,000+ per statement cycle
  • $15,000+ in combined KeyBank relationship balances
  • Fee waived for first 3 statement cycles
Opening deposit$50
Min. hold period180 days

Key may charge an early closure fee (varies by account/terms).

Early closing fee$25
Credit inquirySoft pull only
ChexSystemsYes. May deny applicants with negative banking history.
AvailabilitySelect states (AK, CO, CT, FL, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, WA)

Eligibility

Minimum age18+
Existing customersNot eligible

Cannot have had a KeyBank personal checking account recently (see offer terms).

Can You Earn This Bonus Again?

Can rechurnYes
Cooldown365 days

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What is a fee waiver?

A condition you can meet to have the monthly maintenance fee on an account waived.

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Also see: this month's best bank bonuses and community DD data points.

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We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. Learn more