Get $200 when you open a new checking account online with KeyBank

by Angela Davis on July 22, 2013


Earn $200 for opening a new KeyBank checking account. Here’s the specifics:

:: Open an qualifying KeyBank checking account online and enter offer code MASC0713by September 20, 2013 AND

:: Make at least one direct deposit of $500+ within 60 days of opening the account.

Obviously, there’s some fine print involved, so you need to read it all, but here are a few things I noted:

  • Offer available to individuals who have not had a KeyBank personal checking account in the last 12 months.
  • Limit one premium per individual. Limit one premium per qualifying account.
  • If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee.
  • Your gift will be deposited within 90 days of meeting requirements.
  • You will receive a Form 1099-INT, which means the $200 may be taxable. Big whoop. You’re paying tax on free money. Enjoy!

There you have it — $200 for opening a checking account online. Not bad, especially if you’re in the market for a new bank.

Thanks, Howard!

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{ 8 comments… read them below or add one }

Christian Go July 9, 2015 at 6:58 am

Great Article. Thanks for the info, super helpful. Does anyone know where I can find a blank form 1099-INT to fill out?


todd August 29, 2013 at 8:08 pm

so what is ACH ??????????????? please dont use big banker words nobody knows


Ryan K July 26, 2013 at 6:39 pm

any ACH payment from another bank account should work for the DD.


ker July 22, 2013 at 9:44 pm

: / rules out the self employed….


Stefanie July 22, 2013 at 9:14 am

Does anyone know if a Direct Deposit can come from another bank rather than an employer on this?



Howard July 22, 2013 at 11:04 am

When I looked at this online the other day ( or something like that), I believe it restricted the direct deposit to paychecks or government benefits. Check it out to be sure.


Stefanie July 22, 2013 at 12:03 pm

Thanks Howard!


Stefanie July 22, 2013 at 12:04 pm

This is the language on the Key Bank website:

“What counts as a direct deposit transaction?

Direct deposit transactions are limited to payroll, Social Security, pension, and government benefits.”


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