Key Private Client checking is our best available checking account, with minimal fees and our highest transfer and deposit limits. Plus, it has all the great benefits of Key Private Client, like priority service, exclusive benefits, a personalized wealth analysis, and more.
Account Overview
| Monthly Maintenance Fee | $0, requires at least $200,000 in combined deposits and/or qualifying investments at Key See Rates and Fees. |
|---|---|
| Annual Percentage Yield | Variable |
| Minimum Opening Deposit | $50, and at least $200,000 in combined deposits and/or qualifying investments at Key1 |
| ATM Fee Rebates | Unlimited |
| Overdraft Protection Transfer Fee | $0 automatic transfers from a linked KeyBank credit or savings account1 |
Upgraded Banking With Everything you Need.
Get all the convenient features of KeyBank checking accounts.
- Account Alerts2
Set custom account alerts so you can receive text or email updates about the account information that's important to you.
- Feature-Packed Mobile App2
Deposit checks with the option to get your money immediately,3 check balances instantly, and bank with MyKey, your virtual personal assistant. Get the app.
- Convenient Branches and ATMs
Visit us at any of our branches and 40,000 KeyBank and Allpoint ATMs nationwide. Find a location.
- Overdraft Protection4
Link your checking account to an eligible credit or savings account to automatically cover overdrafts without a transfer fee.
- KeyBank Debit World Mastercard®
Enjoy chip security, Tap & Go technology, and all benefits of Mastercard.
Open a Key Private Client checking account today.
Meet with a banker to get started.
Frequently Asked Questions About the Key Private Client Checking Account
The interest rate for the Key Private Client checking account is variable and based on where you live. You’ll always see your current interest rate in online and mobile banking, on your monthly statement, and at Rates & Fees.
To qualify for the Key Private Client checking account, clients must have at least $200,000 in aggregate deposit or investment balances with KeyBank within 180 days of opening the account and they must maintain that minimum. Here’s how we determine the amount of your qualified deposit and investment balances:
- Checking, Savings, Time Deposits, and Retirement Deposits: The aggregate qualifying balance to determine on-going eligibility is the sum of all applicable account balances on accounts in which you have an eligible ownership role. Account balances are determined on the last business day of the month.
- Key Investment Services LLC (KIS) Account: The aggregate qualifying balance to determine on-going eligibility is the sum of all applicable account balances, including the value of any annuities if reflected on your KIS account statement, in which you have an eligible ownership role. The market value of KIS investment balances included in the Key Private Client Checking Balance Aggregation Method is determined as of the last business day of the month.
If your total relationship balances fall below the minimum, KeyBank may convert your Key Private Client checking account to another checking account, at our discretion.
To be eligible for a Key Private Client Checking Account you must meet the following criteria:
- Maintain at least $200,000 in aggregate qualifying deposit and/or qualifying investment balances at Key.
- A grace period of 180 calendar days from account opening or from the date of account conversion will apply during which the minimum aggregate qualifying balance requirement will not be applicable.
- After the grace period, the minimum required balance of $200,000 in aggregate qualifying balances will apply. The aggregate qualifying balance is the sum of all applicable account balances as of the last business day of each month. Beginning with the month, your grace period expires and re-calculated each month thereafter to determine on-going eligibility. For additional information on the aggregation method for applicable account balances, visit key.com/privateclientchecking.
In the event you fail to meet this criteria, Key reserves the right to convert your Key Private Client Checking Account to another checking account product, at our discretion, which may be less favorable.
*Key Private Bank clients are excluded from the balance eligibility requirement.
Message and Data rates may apply from your wireless carrier.
Immediate Funds℠ is available in the KeyBank mobile app and will only appear as an option for eligible mobile check deposits. You will also have the option for a standard deposit at no charge. The Immediate Funds fee is 2% of the deposit amount, with a minimum fee of $2.
Immediate Funds requests made after 11:00 p.m. ET will have immediate funds availability for ATM withdrawal and point-of-sale transactions. However, it will take until the next business day for the funds to be available to cover overdrafts or other transaction types. For more information, review our Funds Availability Policy.
Overdraft Item Charges are $20 per item. Charges apply to transactions created by check, in-person withdrawal, recurring debit card transactions, or other electronic means. Overdraft charges will not be imposed on ATM withdrawals or one-time debit card items unless the customer has opted in authorizing Key to pay these items into overdraft and assess a charge. You agree to pay us the full amount of any overdraft on your Account immediately upon demand, together with any additional charges we assess. KeyBank’s approval of overdrafts is a discretionary courtesy. For Consumer accounts: No charges will be assessed when the account is overdrawn twenty ($20) dollars or less at the end of the day. Overdraft charges are assessed on up to three (3) items per day, with the maximum not to exceed $60 per day per account. Overdraft charges may not post on the same day as the transaction which triggers the fee(s). There is a cap of 20 assessed overdraft charges within a monthly statement period. If at the end of the day, your account’s overdrawn available balance is more than $20 for 5 consecutive business days, an additional $20 Recurring Overdraft Service Charge will be assessed. See your accounts Personal Checking Account Fees and Disclosures for additional information and Personal Savings Overdraft Protection Agreement for further information on linking savings account for protection.
Key Private Client is a brand name used by KeyBank National Association (KeyBank) and Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor.
Brokerage and certain investment advisory services are offered through KIS (KIS), member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA) and underwritten by third party insurance carriers not affiliated with KIS. KIS and KIA are affiliates under the common control of KeyCorp. To learn more about KIS’s investment business, as well as our relationship with you, please review our KIS Disclosure page. Check the background of KIS on FINRA's BrokerCheck.
Non-Deposit products are:
Zelle® and the Zelle®-related marks are wholly owned by Early Warning Services, LLC, and are used herein under license.