Key Advantage Checking®
Interest bearing with a waivable monthly maintenance fee.
Let your money work as hard as you do. This interest-bearing checking account has money saving features plus all the conveniences of a traditional checking account.
Account Overview
Waivable Monthly Maintenance Fee | $18 or $0 (1) |
---|---|
Annual Percentage Yield |
Variable |
No Fee ATMs | $0 KeyBank and Allpoint® ATM access nationwide with KeyBank Debit Mastercard® |
Overdraft Protection Transfer Fee | $0 automatic overdraft protection transfers from eligible linked savings account or credit product |
Paper Checks | 50% discount on select personal check styles; some check designs and customization options have an additional cost; shipping and taxes apply |
Features and Benefits

Earn Interest
Earn interest on your balance with a variable rate compounded daily for the highest returns.

Waive the Monthly Maintenance Fee
No fee when you have at least $10,000 in combined Key account balances1, or auto deduct at least $500 for a KeyBank mortgage payment. We also waive the fee for the first three statement cycles.

Save Money
There’s no charge for paper monthly statements with check images or for using non-KeyBank ATMs up to twice each statement cycle. Plus, you’ll save 50% off the cost of standard checks.
Easy, everyday banking with everything you need.
Get all the convenient features of KeyBank checking accounts.
- Secure Online and Mobile Banking
Deposit checks in the mobile app with the ability to immediately access your funds, pay bills, send money to friends and family, and more. Get the KeyBank mobile app
- Convenient Branches and ATMs
Visit us at any of our branches and 40,000 KeyBank and Allpoint ATMs nationwide. Find a location
- Overdraft Protection
Link your checking account to an eligible credit or savings account to automatically cover overdrafts without a transfer fee
- KeyBank Debit Mastercard®
Enjoy chip security, Tap & Go technology and all benefits of Mastercard.
- ClickSWITCH
Switch your direct deposits to KeyBank in minutes with ClickSWITCHTM
Frequently Asked Questions about Key Advantage Checking
Yes, our Key Advantage Checking account is an interest-bearing checking account.
To apply for an interest bearing Key Advantage Checking account, you'll need the following:
- Your Social Security number
- One valid form of primary identification (like a driver’s license, valid passport or government-issued ID with photo and signature)
- $50 minimum opening deposit
Once your Key Advantage Checking account application is submitted and approved, you’ll receive a confirmation message that includes your account number. You can use your account number to immediately enroll in online and mobile banking.
If you chose to receive a debit card, it will arrive 5-7 days after you make the initial deposit in your checking account. If you chose to receive checks, they’ll arrive in 10-14 days.
It’s fast and easy to order checks from KeyBank online and mobile banking, in any KeyBank branch or, with your routing and account number, directly from our preferred vender, Harland Clark online or at 1-800-355-8123, or TDD/TTY 1-800-539-8336.
Open Key Advantage Checking in about 5 minutes!
There is no monthly maintenance fee if any of the following requirements are met:
- The combined balance in any combination of KeyBank checking and savings deposit accounts, certificates of deposit, retirement deposits, investment account* (including annuity balances reflected on your KIS account statement) and credit accounts was $10,000.00 or more.
- You have a mortgage originated through KeyBank and you have an automatic payment deduction plan via ACH deducting $500.00 or more from your Key Advantage Checking account during a statement cycle. If your mortgage automatic payment deduction plan should be discontinued, you may be subject to the combined balance requirements to avoid the monthly maintenance fee.
- You are a Key@Work program member and you have direct deposits totaling $1,000.00 or more credited to your Key Advantage Checking account during a statement cycle. If you should leave your current employer and direct deposits have been discontinued, you may be subject to the combined balance requirement to avoid the monthly maintenance fee until direct deposits are reinstated by your new employer.
Investment products offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor.
Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank).
Investment and insurance products made available through KIS and KIA are:
KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank.
Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.
Please read our Agreements and Disclosures. If you opened your deposit account online within the last 90 days, you may also review the original agreements and disclosures provided to you.