checking
KeyBank $500
Key Select Checking
Key Select Checking pays $500 after $5,000 in eligible direct deposits within 90 days. The $25 fee is waived for the first 3 months.
Effective value after fees
$450
The first 3 months are waived. If you finish the direct deposits on day 90 and Key takes the full 60 days to pay, two later months can cost $25 each. $500 minus $50 is $450, unless you are already meeting the $3,000 or $15,000 waiver.
Exact requirements
- Open Key Select Checking by 11:59 p.m. EST on December 11, 2026 with offer code KDMB0526.
- Same eligible-deposit definition and new-customer limits as the $300 Smart Checking offer.
- Key Select also has a separate $100 annual bonus that requires $60,000 of eligible direct deposits over an evaluation period. That is not this $500.
- Bonus
- $500
- Direct deposit
- $5,000 or more in eligible direct deposits within 90 days, plus a $50 opening deposit.
- Deposit
- $50 minimum opening deposit.
- Keep the account open
- The account must not be closed when the $500 is paid.
- When the bonus posts
- Within 60 days of meeting the requirements.
- Expiration
- Open by December 11, 2026.
- Monthly fee
- $25, waived for the first 3 months.
- How to waive it
- After 3 months, avoid the $25 fee with a $15,000 combined balance in eligible Key deposit and Key Investment Services accounts, or with $3,000 of eligible direct deposits in the statement cycle.
- Early closure
- Not stated.
- Credit pull or ChexSystems
- not stated
- Where it is offered
- Availability not stated. Geographic restrictions apply. States are not listed.
- Last verified
- November 15, 2026
Fine print
APY on Key Select was 0.05% across tiers for ZIP 44114 on the page, and variable. Verified November 15, 2026.
Source checked November 15, 2026: https://www.key.com/personal/checking/checking-account-bonus-offers.html