Extended to November 6, 2026
Offer at a glance
- Maximum bonus amount: $1,000
- Availability: In branch only, all branches are in AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Mixed DP, most likely does. Also reports of being ChexSystems sensitive.
- Credit card funding: None
- Monthly fees: $5, avoidable
- Early account termination fee: None
- Household limit: None listed
- Expiration date: July 24, 2026
The Offer
- Keybank is offering a $1,000 bonus when you open a new business checking account in branch and complete the following requirements:
- Schedule an appointment with a banker to open your Key Business Reward Checking® account by July 24, 2026.
- Make the $25 minimum opening deposit and a total of $25,000 or more within 30 days. Maintain a minimum daily balance of $25,000 or more for the first 90 days.
- Your bonus will be deposited into your account within 60 days of meeting the requirements.
The Fine Print
- To qualify for the $1,000 Key Business Reward® Checking offer:
- 1. Open a new Key Business Reward Checking® account between 7/24/2026.
- 2. Make a total of $25,000 or more in deposits into your new qualifying checking account within 30 days of account opening.
- 3. Maintain an end-of-day balance of at least $25,000 from the date you first reach this balance in the new checking account for at least 90 consecutive days. If the day you first reach the $25,000 balance falls on a weekend or federal holiday, the 90-day maintenance period will begin on the next business day. If the final day of the 90-day maintenance period falls on a weekend or federal holiday, the previous business day’s end-of-day balance will be used to determine eligibility. If your new checking account balance falls below $25,000 at any time within the 90-day Balance Maintenance period, you will no longer qualify for the promotion.
- Your bonus will be deposited into your new Key Business Reward Checking® account within 60 days of meeting all requirements. The $1,000 bonus account-opening offer will be reported on Form 1099-INT. Account must not be closed at the time of bonus payment. Offer is only available if the business entity (SSN/EIN) has not had a KeyBank business checking or KeyBank business savings account during the past 12 months. The minimum opening deposit for a Key Business Reward Checking® account is $25. Limit one account-opening offer per qualifying account. Limit one account-opening offer per business entity (SSN/EIN). Restricted collateral accounts opened by KeyBank are not eligible for this offer. This account-opening offer is subject to cancellation without notice. Valid Social Security Number or Employer Identification Number and U.S. address required to qualify for offer. Employees of KeyBank, its affiliates and subsidiaries are not eligible for this offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Rewards checking has a $25 monthly fee, waived the first two months. Beginning in the third month, the monthly Maintenance Service of $25 for the Business Rewards Checking account can be avoided if any of the following balance requirements are met during the monthly statement period as follows:
- The Average Ledger Balance in your Key Business Reward Checking account was $7,500.00 or more during the monthly statement period; or
- The total of the following was $20,000.00 or more: 1) the combined cycle-to-date Average Ledger Balance in any combination of business checking (excluding certain business accounts opened for the benefit of others), business savings, and business certificates of deposit accounts within two business days prior to your Key Business Reward Checking account statement cycle date; and/or 2) the outstanding balance of all commercial loans and lines of credit including your Business Cash Reserve credit account(s) (excluding balances past due 60 days or more) as of no more than five business days prior to your Key Business Reward Checking account statement cycle date; or
- Subscribe to Key Merchant Services.
Early Account Termination Fee
Our Verdict
Previously Keybank offered a $500 bonus that only required $5,000 in funds and was easier to keep fee free but that promotion is targeted now. If you put the $25,000 into a 5% earning account for 90 days you’d earn ~$310, you’d then either have to pay the $25 monthly for 60 days (twice) or keep the $7,500 in the account to keep it fee free. Still worth doing but a bit annoying. We will add this to our list of the best business checking bonuses.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Calculate And Share Your ChexSystems Datapoints
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
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