Key Smart Checking®
MoneyAtlas
Rating
Customers can earn a $300 bonus by opening an account and making a total of $1,000 or more in eligible direct deposits within the first 90 days of account opening.
Pros
No Monthly Fees: Account has zero maintenance fees with no balance requirements or direct deposit minimums to maintain
Overdraft Buffer: Key Coverage Zone® prevents an overdraft fee from KeyBank if your account is overdrawn by $20 or less at the end of the day
Automatic Savings: Can set up transfers of $0.10 to $5 into a linked savings account with each debit card purchase
Cons
Out-of-Network ATM Fees: Charges $3.00 for domestic non-network ATM transactions and $5 for international ATM usage
No Interest Earnings: Account does not earn any interest on deposited funds, with a 0.00% APY