See how your business can benefit from some or all of these offers. Whether you need solutions for banking, borrowing or managing your accounts, we’ve got you covered with great options and up to $1,600 in benefits. These offers are valid
July 17, 2022 - September 30, 2022.
Earn $500 with Key Business Reward Checking®
Checking that works with every stage of your business.
To qualify for $500, within 90 days of account opening you must:2
Apply for a Responsive Line of Credit
No annual fee for the first year for line of credit over $50,000.3
Receive a $300 statement credit with a Key Merchant Services account4
Accept cards anywhere and enjoy next day funds availability.*
$200 with a KeyBank Business Rewards Card
0% Intro APR for 6 months, 14.24%–24.24% variable rate thereafter based on creditworthiness.
To qualify for $200, spend $1,000 in the first 60 days. You’ll earn 100,000 points to grow or redeem for $200.5
Additional Offers that Can Grow Your Business
Incentives for you or your employees through Key@Work®
Offer exclusive benefits to your employees that help them get on the path to financial wellness.6
.25–.50% interest rate discount on a commercial real estate mortgage
Expand your company location, or refinance an older mortgage.
Your interest rate discount will depend on your loan amount.7
6 months of service included with Key Capture® remote deposit
Easily scan checks and deposit checks online from any location.
Enjoy six months of service including up to 250 items, a $300 value, at no charge.8
2 months of service included with Key CashFlow®
Simplify and automate your business payments.
Enjoy two months of service, a $100 value at no charge.9
$200 with Paychex Flex®
Save time and simplify processes with end-to-end payroll and HR services.
Earn $200 off the one-time setup fee for payroll processing and 10% off a Paychex Flex® Payroll Bundle.10
Each earned incentive payout will be deposited within 90 days of meeting the requirements if your account is open and not overdrawn.
In order to be eligible for the up to $1,600 in benefits, you must:
Open a new Key Business Reward Checking® account with an opening deposit of $25 and with Marketing Code MPDD0722, complete FIVE eligible withdrawals and FIVE eligible deposits within 90 days after account opening AND maintain minimum daily balance of $2,000 for first 90 days in the account having marketing code, to get $500. Eligible withdrawals include debit card purchases, online banking bill payments, ACH payments, and checks written on the account. Internal transfers, including online banking transfers and fees or service charges, do not qualify. Key Business Reward Checking must be open and not overdrawn at time of award payout. Cannot have or have had a business checking account in last 12 months. ONE award per account, ONE award per TIN. Award will be reported on Form 1099-INT.
The minimum opening deposit for a Key Business Reward Checking account is $25.
There is no monthly Maintenance Service Charge for the first two months that a Key Business Reward Checking account is open.
Beginning in the third month, the monthly Maintenance Service Charge for the Key Business Reward Checking account can be avoided if any of the following balance requirements are met:
Additionally, if you are the sole owner* of your business, the list of account balances that may be combined to avoid the monthly Maintenance Service Charge on your Key Business Reward Checking account includes all of the above business accounts and certain of your personal accounts as outlined below. You may avoid the monthly Maintenance Service Charge on your Key Business Reward Checking account if the following balance requirement is met:
*As used herein, "sole owner" means a natural person doing business as a sole proprietor and excludes separate legal entities such as corporations, partnerships, limited liability companies and not-for-profit enterprises.
(**Standard consumer loan and line products include auto loans, RV loans, marine loans, home equity loans, home equity lines of credit, home improvement loans, Key equity options, preferred (unsecured) credit lines, cash reserve credit, personal loans, mobile home loans and airplane loans with KeyBank NA; and credit cards. Certain non-standard loans and lines of credit may not be included.)
All credit products are subject to credit approval. Apply during this promotion period of 7/17/2022–9/30/2022 for a new, no refinances, Small Business Responsive Line of Credit (the “Line of Credit”) in an amount over $50,000 and establish and maintain automatic payments from a KeyBank Deposit account on the Line of Credit to be eligible for no annual administrative fee for the first year the Line of Credit is opened (the “Introductory Period”), provided your credit application is approved and you establish and maintain an automatic payment link between your Line of Credit and KeyBank deposit account, and are not otherwise in breach of the Small Business Responsive Line of Credit Agreement and Business CreditOne Application and Agreement that regulates your account.
Apply for and activate a Key Merchant Services (KMS) account, $300 offer is applied as a statement credit to your new Merchant Services account 60 days after account activation. Limit ONE $300 offer per new merchant relationship. Activation is defined as processing and settling $20.01 to your primary merchant DDA. Transaction rates do not include equipment costs, chargeback fees, Clover® software or security fees, or other third-party charges. Custom pricing available; restrictions apply. Activation starts the day of the first KMS transaction. If no processing fees or conversion costs are incurred, credit will remain and be applied after initial fees or conversion costs are incurred. Excludes Clover Go.
Next day availability is subject to applicable cutoff times and only applies to Key Merchant Services customers who have a KeyBank checking or savings account.
Open a Business Rewards Mastercard credit card and have a business checking account open in good standing and receive 100,000 bonus points, redeemable for $200 when you spend $1,000 within the first 60 days. 0.00% Introductory APR for the first 6 monthly billing cycles. After that, your APR will be 14.24% to 24.24% based on your creditworthiness. This APR will vary with the market based on the Prime Rate. Reward Points are awarded based on Net Purchases and specifically exclude Excluded Transactions such as cash advances of any type, balance transfers, convenience check transactions, overdraft protection transfers, and quasi-cash transactions. Please refer to the Terms and Conditions for additional information. Please review the Rates & Fees and the cardmember agreement for full terms of the offer.
Between 7/17/2022–9/30/2022, you must open a Key Smart Checking®, Key Advantage Checking®, Key Privilege Checking®, or Key Privilege Select Checking® account, enroll in the Key@Work Program, and make a total of at least $1,000 in direct deposits within 60 days of account opening to receive your $250. The $250 will be deposited within 60 days if the account is open and not overdrawn. Direct deposit transactions are limited to: payroll, Social Security, pension, and government benefits. Offer not available to clients who had a checking account with KeyBank, including a KeyBank Hassle-Free Account®, in the past 24 months as a primary owner. Employees of KeyBank, its affiliates, and subsidiaries are not eligible for this offer. The minimum opening deposit for the Key Smart Checking account is $10. The minimum opening deposit for the Key Advantage Checking, Key Privilege Checking, and Key Privilege Select Checking accounts is $50. Offer exclusive to your employees that help them get on the path to financial wellness.
All credit products are subject to collateral and/or credit approval, terms, conditions, availability and subject to change. Commercial real estate mortgage fixed rate promo offer is available to loan applications received and approved between 7/17/2022–9/30/2022. In order to qualify for the 0.25% discount off the approved rate, the loan must be in the amount of $10,000–$250,000. In order to qualify for the 0.50% discount off the approved loan rate, the loan must be in the amount of $250,001–$500,000.
KeyBank business checking account required. Remotely created checks are prohibited by the terms of the checking account.
Enroll in Key CashFlow and receive the two-month trial with all subscription and transaction fees waived for 60 days.
Some restrictions and limitations may apply. The $200 off Setup Fee will be applied one time with the client’s first run date. The 10% off will be applied with the client’s first run date, and remain for 12 months. KeyBank customers who meet all the terms and conditions of the offer shall be eligible to receive $200 waived from the Setup Fee and 10% off from Paychex when they choose a Paychex Flex® Payroll Bundle. To receive the offer, a KeyBank customer must be (1) referred to Paychex by KeyBank during the bundle offer effective dates; (2) become a Paychex customer; and (3) process their first payroll with Paychex. KeyBank customers who currently process payroll on a quarterly or annual basis are not eligible for the offer. The $200 off Setup Fee may only be applied against the eligible Paychex service and may not be converted to U.S. dollars or refunded.
Payroll processing services provided by Paychex, a third party commercial vendor. KeyBank is not an affiliate of Paychex, and does not provide, warrant, or guaranty their products or services, nor does KeyBank assume any liability for any action taken by Paychex or you in transacting with Paychex. KeyBank is acting solely as a referring intermediary for Paychex. KeyBank may share your business contact information with Paychex and Paychex may contact the business.
Limit of up to $1,600 in benefits per business per TIN.
1. Max of one business checking account payout
2. Max of one Key Merchant Services statement credit
3. Max of one Business KeyBank Rewards Card reward point bonus
4. Max of one Key@Work payout per individual
5. Max of one commercial real estate mortgage fixed rate discount
6. Max of one Key Capture remote deposit discount
7. Max of one Key CashFlow trial
8. Max of one Paychex Flex Payroll Bundle setup fee discount
9. Charge for Account Early Close-Out (Account closed within 180 days after opening) is $25.
Rates, fees and other information contained within this disclosure are accurate as of 7/27/2022 and are subject to change after that date.
Banking products and services are offered by KeyBank National Association.
All merchant services, credit, and leasing products are subject to credit approval, terms of service, and any applicable collateral requirement(s).
All trademarks, service marks, and trade names referenced in this material are the property of their respective owners.