KeyBank employer solutions ensure timely and accurate payments while potentially increasing employee satisfaction, reducing administrative costs, and requiring less time from busy human resources and finance professionals. These include payroll, special accounts such as Health Savings Accounts (HSAs), and other programs designed to ensure a positive employee experience.
Our experienced teams first gain a full understanding of your business and your workforce before making recommendations.
We work closely with you to design the benefit programs that best suit your business, budget, and employee needs.
Key’s clients and their employees benefit from a wide range of services.
Learn more about these employer solutions and programs.
Some success stories from our clients include:
- After another bank failed to make tax deposits on time, a payroll manager upgraded to Key’s payroll platform, gained access to a personal relationship manager and consistently excellent customer service.
- Key@Work professionals helped a large Northeast hospital develop a financial education program, establish direct deposit and provide personal banking services for hospital employees, thus reducing administrative costs and increasing employee satisfaction.
- Key is now the preferred provider of Health Savings Accounts (HSAs) for a large insurance provider, after helping the insurer deliver the ability to significantly reduce healthcare expenses for employees serving the State of Maine.
Our payroll services help you pay employees in an accurate and timely manner, with clear and easily-managed systems supporting the process. Our services include:
- Payroll: Our platform, offered by BenefitMall (formerly CompuPay), provides cost-effective end-to-end payroll and direct deposit solutions for businesses of all sizes.
- Key@Work offers checking and savings to employees, and was designed to increase automated payroll participation, reducing payroll and administrative costs. There are no minimum participation requirements.
KeyBank can help you provide your employees with a full suite of healthcare and financial benefits. A few of the programs we provide include:
- Health Savings Accounts (HSAs): these special-use accounts allow employees to make pre-tax contributions that can reduce overall healthcare expenses.
- Key Possibilities® Mastercard® gift cards: these debit cards empower you to reward an employee on-the-spot for great work, or to reward larger portions of your workforce as part of a broad gift or incentive program*.
*Subject to the terms of the Key Possibilities Cardholder Agreement. The card is issued by KeyBank pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Please read our Key Possibilities Card Cardholder Agreements and Disclosures.
Banking products and services are offered by KeyBank National Association. All credit products subject to credit approval. Key.com is a federally registered service mark of KeyCorp. KeyBank is Member FDIC.