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Overview


A smart payment strategy can have a major impact on your business cash flow. Most vendors offer discounts when you pay in cash, for instance—so you need a payment strategy that supports some cash payments. KeyBank provides the tools you need to manage where, when, and how you make payments, while improving the availability of cash. We give you options to suit your payment preferences, from paper checks and card payments to electronic payments and more.

While supporting your payment strategy, we also help protect your business against check, card and electronic payment fraud with detailed reporting and robust security controls.

Payment Strategies

Electronic Payments & Invoices (ACH)

For many businesses, collecting payments electronically from customers is a necessary part of payments strategy. With our Automated Clearing House (ACH) payment service, you can receive payments directly from your customers' bank accounts.

KeyBank's ACH service is faster and more reliable than mailing or receiving checks, and can help your business streamline payroll, direct deposits, loan payments and other funds transfers. And, instant confirmation reports mean you can reconcile your accounts promptly.

ACH Details

Use our nationwide ACH service to:

  • Receive payments from customers, employees and other businesses
  • Make disbursements to payroll or operating accounts
  • Eliminate paper checks and associated delays and costs

Learn how ACH can help reduce your fraud risk Identifying and mitigating exposure to fraud.

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Wire Transfers

When time is of the essence, a wire transfer is the fastest way to send funds directly from one financial institution to another. As part of our suite of payment solutions, KeyBank's wire transfer service helps your business execute international and domestic transfers quickly and securely.

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Purchase Card

Streamline your purchasing process

The traditional process of purchasing goods or services can be time-consuming and expensive for a company to manage.

KeyBank’s purchase card program helps you manage and control your accounts payable spend while reducing administrative costs. Our purchase card program provides access to business expenses through standard and custom reporting, as well as real-time controls all through a centralized online platform. Our KeyBank purchase card program makes it simple for employees to pay their business expenses and for you to track travel, entertainment, supplies and other costs.

KeyBank Purchase Card Program Details

KeyBank’s Purchase Card solution eliminates the need for purchase orders and reimbursement paperwork—giving you more time to focus on your core business.

  • Supports control of how, where and when employees spend
  • Significantly increase float on AP and travel expenses
  • Flexible billing options
  • 24-hour support and service
  • Online account access
  • Robust reporting capabilities
  • Works with most enterprise resource planning (ERP) systems and general ledgers

Automated Tax Payments

Paying taxes is never painless—but we can help make your tax payments efficient and strategically timed. KeyBank’s automated clearinghouse (ACH) service takes the stress out of meeting tax deadlines and improves the accuracy of your cash flow projections. We work in compliance with the U.S. Treasury Department’s electronic payment system to guarantee timely, automatic payment according to a schedule you specify.

Alternately, you can visit our easy-to-use online KeyTax® application to make routine tax payments without leaving your desk. To see how it works, sign on to the KeyTax® demonstration using username Keybank@test.com and Password Welcome#5

Most importantly, you’ll gain more control over the payables process, increasing efficiency and accuracy while improving forecasting.

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Subject to the terms and conditions of the service agreement.


Controlled Disbursements

Maximize your time and transform idle balances to invested funds with KeyBank's Controlled Disbursement Accounts. We deliver a convenient, precise account summary to you every morning at 9:00 a.m. your time -- guaranteed. This timely report provides you with a detailed overview of checks that will be clearing on the disbursement account that day. This allows you to make precise funding and investment decisions.

Your on-time report empowers your work with a host of features, including the ability to free up excess cash to maximize investment opportunity, and minimize borrowing and over-funding in your account.

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Account Reconcilement

Streamlining your accounting can save you time and money. KeyBank’s electronic account reconcilement service helps you save time and improve your cash management—while increasing accuracy.

Choose full, partial or deposit reconcilement, and receive reports reconciled to your monthly bank statement. Add Key Image services to receive paid check information on encrypted CD-ROM instead of paper.

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Outsourced Check Printing

Paper checks remain a business reality, regardless of how digital the world has become. This means that the safe and efficient management of check printing has become more important than ever, both to protect against fraud and to integrate paper check processing with electronic payments being made during the same timeframe.

With our check management system, you will enjoy maximum security, reduced costs, and streamlined processes. In fact, our relationship managers will help you to eliminate check preparation entirely by uploading payment information into our secure system, which then prints and disburses your payments.

Like all our treasury management functions, this feature will be customized to your business needs and can include marketing material insertion and multiple options for remittance and delivery methods. Because maintaining your safety and success is our top priority, we also provide the latest security features in the physical checks.

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Payroll Services


We can help you spend less time on your payroll processes, and more time running your business. Payroll Services1 offered by BenefitMall (formerly CompuPay), offer cost-effective end-to-end payroll management for companies of all sizes, from two to more than 2,000 employees.


We offer comprehensive solutions that include:

  • Fast, flexible reporting methods: phone, fax, internet, email or PC
  • Guaranteed accurate and on-time filing of federal, state and local payroll taxes
  • General ledger reporting and interfaces
  • Accountant access to payroll reports
  • Check printing on-site
  • Wage garnishment and third-party payments
  • Employee and manager self-service
  • Flexible electronic time and attendance systems and file integration
  • Section 125 plans, including full Flex Spending Accounts
  • State–mandated new hire reporting
  • Human resources system
  • Benefit accruals
  • Background screening
  • Leading edge data security

Get a complimentary quote from Payroll Services.

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Subject to terms and conditions of service agreement.

1 Services are offered by BenefitMall. KeyBank National Association may receive a referral fee and makes no representation or warranty regarding the services provided by BenefitMall.

Banking products and services are offered by KeyBank National Association. All credit, loan, leasing and Key Merchant Services products subject to credit approval. Key.com is a federally registered service mark of KeyCorp. ©2017 KeyCorp. KeyBank is Member FDIC.

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