KeyBank $500 Business Savings Bonus (30.4% Effective APY) - 2026 Review
Bonus Tiers & Effective APY
Overview
KeyBank's $500 business checking bonus is TARGETED — you must have received a personalized $500 Business Banking offer letter from KeyBank to qualify, and you open in-branch by appointment (no online application). Available in 15 states.
Who This Savings Bonus Is Best For
Business owners in KeyBank's 15-state footprint looking for a $500 business checking bonus from a regional bank.
How to Maximize This Bonus
This offer requires a personalized $500 offer letter from KeyBank and is in-branch only — schedule an appointment with a banker to open KeyBank Basic Business Checking (avoid the $25/mo Key Business Reward Checking). Fund $5,000+ within 30 days of opening and maintain a $5,000 end-of-day balance for 90 consecutive days. The $500 bonus posts within 60 days of meeting all requirements. Offer expires August 21, 2026.
Pros
Cons
How This Compares to Other Bonuses
Frequently Asked Questions
Which states have KeyBank?
AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, and WA.
Eligibility
TARGETED: requires a personalized $500 offer letter; open in-branch/by appointment (no online application). Cannot have had a KeyBank business checking/savings in the past 12 months. State restricted. Expires Aug 21, 2026. Open Basic Business Checking ($5/mo, waived at a $1k average ledger balance — so $0 at a $5k hold); do NOT open Key Business Reward Checking ($25/mo, needs $7.5k to waive).
Fees
Apply
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Fat Stacks Academy may earn a commission when you open an account through links on this page, at no additional cost to you. Commissions do not influence our reviews — we verify offer terms directly with each bank before publishing and do not accept paid placement in our rankings. Bonus offers, requirements, and fees are determined by each financial institution and may change at any time. Always verify the current terms directly with the bank before applying. This content is for informational purposes only and does not constitute financial advice.