give your business a $1,000 welcome bonus.1
Open a Key Business Reward Checking® account with a banker and meet requirements.
Take advantage of this limited-time offer to earn a valuable bonus for your business.
Benefits With Every Small Business Checking Account
Easy Access to Your Money
Manage and move your business funds when you need them.
Convenient Branches and ATMs
Visit us at any of our branches and 40,000 KeyBank and Allpoint® ATMs nationwide.
Frequently Asked Questions About Small Business Checking Accounts
A business checking account is a convenient way to safeguard, manage, grow, and access your small business funds. Your account is your source of liquid funds for day-to-day management of your small business, as well as for large purchases and expenditures. A business checking account can help you keep track of spending, either manually by entering your transactions in your account register, or through Online Banking, where you can see digital images of each check, when they cleared, and your balance 24/7.
Yes. KeyBank business checking accounts are FDIC-insured up to allowable limits.
There are several things to ask before choosing a checking account:
- Is there a minimum balance requirement, and can I maintain that balance?
- Do I need overdraft protection?
- Does this account earn interest?
- Is there a transaction limit on the account?
- Which accounts have monthly fees or service fees, and how can I avoid them?
Contact your local KeyBank branch manager to schedule an appointment.
To apply for a new checking account, you’ll need:
- Your Social Security number or EIN
- Business formation papers (DBA, LLC certificate of formation, certificate of incorporation, etc.)
- Two valid forms of identification — these could include two primary forms (driver’s license, valid passport, government-issued ID with photo and signature) or one primary and one secondary form (credit card, utility bill, lease, or other non-official forms of ID)
- Minimum required opening deposit (amount varies depending on type of account)
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To qualify for the $1,000 Key Business Reward® Checking offer:
- 1. Open a new Key Business Reward Checking® account between 7/24/2026.
- 2. Make a total of $25,000 or more in deposits into your new qualifying checking account within 30 days of account opening.
- 3. Maintain an end-of-day balance of at least $25,000 from the date you first reach this balance in the new checking account for at least 90 consecutive days. If the day you first reach the $25,000 balance falls on a weekend or federal holiday, the 90-day maintenance period will begin on the next business day. If the final day of the 90-day maintenance period falls on a weekend or federal holiday, the previous business day’s end-of-day balance will be used to determine eligibility. If your new checking account balance falls below $25,000 at any time within the 90-day Balance Maintenance period, you will no longer qualify for the promotion.
Your bonus will be deposited into your new Key Business Reward Checking® account within 60 days of meeting all requirements. The $1,000 bonus account-opening offer will be reported on Form 1099-INT. Account must not be closed at the time of bonus payment. Offer is only available if the business entity (SSN/EIN) has not had a KeyBank business checking or KeyBank business savings account during the past 12 months. The minimum opening deposit for a Key Business Reward Checking® account is $25. Limit one account-opening offer per qualifying account. Limit one account-opening offer per business entity (SSN/EIN). Restricted collateral accounts opened by KeyBank are not eligible for this offer. This account-opening offer is subject to cancellation without notice. Valid Social Security Number or Employer Identification Number and U.S. address required to qualify for offer. Employees of KeyBank, its affiliates and subsidiaries are not eligible for this offer.
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Transactions exceeding the monthly included transactions will be charged a fee in accordance with the Deposit Account Disclosures.
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Key Business Reward Checking
The monthly Maintenance Service charge is waived for the first two months that the account is open.
Beginning in the third month, the monthly Maintenance Service of $25 for the Business Reward Checking Account can be avoided if any of the following balance requirements are met during the monthly statement period as follows:
- The Average Ledger Balance in your Business Reward Checking Account was $7,500.00 or more during the monthly statement period; or
- The total of the following was $20,000.00 or more: 1) the combined cycle-to-date Average Ledger Balance in any combination of business checking (excluding certain business accounts opened for the benefit of others), business savings, and business certificates of deposit accounts within two business days prior to your Key Business Reward Checking Account statement cycle date; and/or 2) the outstanding balance of all commercial loans and lines of credit including your Business Cash Reserve Credit Account(s) (excluding balances past due 60 days or more) as of no more than five business days prior to your Key Business Reward Checking Account statement cycle date; or
- Subscribe to Key Merchant Services.
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:
- The total of the following was $20,000.00 or more: 1) the combined cycle-to-date Average Ledger Balance in any combination of personal and business checking, personal and business savings, and personal and business certificates of deposit accounts within two business days prior to your Key Business Reward Checking Account statement cycle date; and/or 2) the outstanding balances of your standard consumer loan/line of credit balances (excluding balances past due 60 days or more) as of no more than five business days prior to your Key Business Reward Checking Account statement cycle date. See account opening disclosures for more information.
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 including credit cards with KeyBank N.A. Certain non-standard loans and lines of credit may not be included.
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Eligible accounts include a KeyBank business savings account, KeyBank business credit card or a KeyBank business cash reserve credit account. Credit products are subject to credit approval and terms of service.
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Subject to terms and conditions in Service Agreement.
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Messages and data rates may apply from your wireless carrier.
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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.