give your business a $500 bonus.1

Open a KeyBank Basic Business Checking or Key Business Reward Checking® account with a banker and meet requirements.

Schedule an Appointment

How to Qualify

1

Open Your Account

Schedule an appointment with a banker to open your KeyBank Basic Business Checking or Key Business Reward Checking® account by January 16, 2026.

2

Make Your Deposits

Make the $25 minimum opening deposit and a total of $5,000 or more within 30 days. Maintain a minimum daily balance of $5,000 or more for the first 90 days.

3

Receive Your $500

Your bonus will be deposited into your account within 60 days of meeting the requirements.

Enjoy account features built to work with your cash flow strategy.

  • 200-500 monthly included transactions2

  • Unlimited ACH and bill pay transactions

  • Waivable monthly service fees3
  • Overdraft protection4

Take advantage of this limited-time offer to earn a valuable bonus for your business.

Schedule an Appointment

Benefits with Every Small Business Checking Account

Better Cash Flow

Deposit up to $25,000 each month without fees.

Convenient Branches and ATMs

Visit us at any of our branches and 40,000 KeyBank and Allpoint® ATMs nationwide. Find a location.

Secure Online and Mobile Banking

Manage your business 24/7 with mobile check deposit, an Immediate Funds℠ option and unlimited bill pay.

Small Business Checking Account Basics

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, and see digital images of each check, when they cleared and your balance, 24/7.

Yes. KeyBank business checking accounts are FDIC-insured.

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?

Applying for a Business Checking Account

You must apply in person at a KeyBank location. Find your nearest location here.

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)
1

To receive the $500 Key Business Checking offer:

  • 1. Open a new KeyBank Basic Business Checking or KeyBank Business Reward Checking® account with marketing code BDMA1025 by 1/16/2026.
  • 2. Make a total of $5,000 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 $5,000 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 $5,000 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 $5,000 at any time within the 90-day Balance Maintenance period, you will no longer qualify for the promotion.

Your $500 bonus will be deposited into your new KeyBank Basic Business Checking or KeyBank Business Reward Checking account within 60 days of meeting all requirements. The value of your account-opening offer will be reported on Form 1099-INT. Account must not be closed at the time of gift 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 KeyBank Basic Business Checking or KeyBank Business Reward Checking account is $25. Limit one account-opening offer per qualifying account. Limit one account opening offer per business entity (SSN/EIN). This account-opening offer is subject to cancellation without notice. Valid Social Security Number or Taxpayer Identification Number and U.S. address required to qualify for offer.

Employees of KeyBank, its affiliates and subsidiaries are not eligible for this offer.

2

Transactions exceeding the monthly included transactions will be charged a fee in accordance with the Deposit Account Disclosures.

3

KeyBank Basic Business Checking

The monthly Maintenance Service Charge of $5 for the KeyBank Basic 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 KeyBank Basic Business Checking account was $1,000.00 or more during the monthly statement period; or
  • The total of the following was $10,000.00 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 KeyBank Basic Business 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 KeyBank Basic Business Checking account statement cycle date.

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 KeyBank Basic Business 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 KeyBank Basic Business Checking account if the following balance requirement is met:

  • The total of the following was $10,000.00 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 KeyBank Basic Business 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 KeyBank Basic Business 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 NA. Certain non-standard loans and lines of credit may not be included.

Key Business Reward Checking

The monthly Maintance 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 Rewards 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 Key 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 NA. Certain non-standard loans and lines of credit may not be included.

4

Eligible accounts include a KeyBank business savings account, KeyBank business credit card or a KeyBank business cash reserve credit account.