KeyBank Reviews

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Edited by: Tammy Burns

About KeyBank

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

KeyBank is a financial institution that has over 1,000 branches in 15 states, providing a range of banking products and services. KeyBank says it is committed to corporate responsibility and sustainability, investing $40 billion in community benefits, including affordable housing, small businesses and renewable energy. Customers have access to more than 40,000 free ATMs through the KeyBank and AllPoint networks.

Pros
  • Lenient overdraft protection options
  • Large ATM network
  • Focus on the community
Cons
  • Low interest rates on deposit accounts
  • Limited service area
  • Some monthly fees

Featured Reviews

Denver, CO
Verified purchase
I was handling the affairs of a family member who had passed away, and had trouble at every turn, until I entered Key Bank Southwest Branch! Christine ** and Deborah ** provided a...

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New Eagle, PA
Verified purchase
I enjoy banking with Key Bank. The tellers are very nice. The hours are constant for me. Saturday hours are a plus. They are about 2 miles from my house. I use the night drop when...

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What is KeyBank?

Headquartered in Cleveland, Ohio, KeyBank is one of the top 20 largest financial institutions in the U.S. by asset size. It operates over 1,000 branches in these states:

  • Alaska
  • Colorado
  • Connecticut
  • Idaho
  • Indiana
  • Massachusetts
  • Maine
  • Michigan
  • New York
  • Ohio
  • Oregon
  • Pennsylvania
  • Utah
  • Vermont
  • Washington

KeyBank says it is committed to corporate responsibility and sustainability, with a focus on supporting local communities and promoting financial inclusion. Through its Community Benefits Plan, it has pledged to invest $40 billion in community benefits — $36 billion for economic access and equity and $4 billion for renewable energy and sustainability.

How does KeyBank work?

To open an account at KeyBank, you'll need to provide personal identification, such as your Social Security number and a valid government-issued ID. You'll also need to make an initial deposit, which varies by account type.

KeyBank offers several checking and savings account options, certificates of deposit (CDs), loans, credit cards and investment services. As a customer, you can access your accounts through the KeyBank mobile app or online banking platform, in person at a branch or at over 40,000 free ATMs.

KeyBank is insured by the Federal Deposit Insurance Corporation (FDIC), which means that deposits up to $250,000 are insured by the federal government in case the bank fails.

KeyBank products and services

With KeyBank, customers can open these accounts:

Checking accounts
KeyBank offers five different checking account options:
  • The Key Smart Checking account is designed for those who prefer online banking and mobile access, with no minimum balance requirement and no monthly maintenance fees.
  • The Key Advantage Checking account offers additional benefits such as earned interest and discounts on checks.
  • The Key Privilege Checking account provides even more benefits, including $6 in monthly ATM fee rebates.
  • The Key Privilege Select Checking account comes with preferred rates and unlimited ATM fee rebates.
  • The KeyBank Hassle-Free Account is for those who may have had trouble opening a checking account in the past. It has no minimum balance requirement, no overdraft fees and no monthly maintenance fees.
Savings accounts
Overall, KeyBank’s savings accounts have lower interest rates than online banks. So if maximizing your earnings is on your list of goals, you might want to open an account somewhere else.
  • Key Active Saver is a straightforward savings account that’s free when paired with a KeyBank checking account. But it only earns 0.01% annual percentage yield (APY) at publishing.
  • Key Select Money Market Savings earns up to 2.02% APY at publishing. But you need at least $5,000 to open an account and $25,000 to earn the highest interest rate.

KeyBank also has a KEY4KIDS Savings Account for children under age 18 and a health savings account (HSA) for adults with a high deductible health care plan.

Certificates of deposit
KeyBank has short-term and tiered-rate CDs with terms starting at seven days and going up to 10 years. Most CDs require a $2,500 deposit, which is steeper than CD minimums at other banks. KeyBank’s jumbo CDs require a $100,000 minimum deposit.

You’ll lock in the best interest rates with a 13-month CD, which earns up to 3.75% APY at publishing. Other CD terms earn around 0.05%.

Loans
KeyBank’s loan products include several types of mortgages, home equity loans and lines of credit, auto loans, personal loans, home improvement loans, student loan refinancing and more. The bank also has borrower assistance programs and calculators to help customers estimate costs.
Credit cards
KeyBank’s credit card options include a rewards card, a cashback card, a low-annual percentage rate (APR) card and a secured card for establishing or rebuilding credit.
Investments and insurance
KeyBank provides investment services and insurance products to help its customers manage and protect their wealth. Its investment services include retirement accounts, investment management and education savings plans. Its insurance products cover life and long-term care.
Small business services
Small business owners can find a full range of banking products at KeyBank, including several checking accounts, savings accounts, CDs, credit cards, loans and lines of credit. However, most of its checking accounts have monthly transaction limits and its savings accounts have below-average interest rates compared to online banks.

KeyBank fees

Most KeyBank accounts have monthly fees, but customers can avoid these fees by maintaining a minimum balance or having an established relationship with the bank. This typically includes having a KeyBank checking, mortgage or investment account.

Unlike most banks, KeyBank doesn’t charge overdraft fees for amounts of $20 or less. You can avoid fees for overdrafts over $20 by linking a KeyBank savings account, credit card or line of credit from which funds can be withdrawn to cover the overdraft.

KeyBank also charges these fees, depending on your account:

  • $3 for non-KeyBank ATMs
  • $5 for international ATMs
  • $20 for each overdraft over $20
  • $20 for incoming wires
  • $30 for domestic outgoing wires
  • $45 for international outgoing wires

KeyBank FAQ

Where is KeyBank available?

KeyBank is available in 15 states across the U.S., primarily in the Midwest and Northeast regions.

How much money do I need to open a bank account at KeyBank?

The amount of money needed to open a bank account at KeyBank varies based on the type of account, but some accounts can be opened with as little as $10.

What documents do I need to open a KeyBank bank account?

To open a bank account at KeyBank, you'll typically need to provide a government-issued ID, such as a driver's license and other personal information like your Social Security number and proof of address.

What is KeyBank’s Zelle limit?

The KeyBank Zelle limit for transfers is $1,000 per day, which is in line with the limits set by other banks for the peer-to-peer payment service.

Is KeyBank legit?

KeyBank is a legitimate financial institution. It’s a member of the FDIC, which means that deposits up to $250,000 are insured by the federal government. This can provide peace of mind for customers who are concerned about the safety of their money.

As for whether KeyBank is the best choice for you, that depends on your specific financial needs and preferences. KeyBank offers a range of banking services, including checking and savings accounts, credit cards, loans and investment products. If you’re looking for a regional bank with branch access, it might be a good choice. But if you’re looking for a savings account with a high interest rate, you might want to shop around.

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KeyBank Reviews

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    Page 1 Reviews 0 - 10
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    Customer ServiceStaffBillingLoan Process

    Reviewed April 16, 2026

    I moved from one state to another and I don't have the title for my truck so I can register it in the new state. I have been on a temporary license plate that is only good for 30 days and that was back in January 2026. Well it is now April 2026 and still no help from KeyBank with this issue. The DMW requested a electronic transfer and it was rejected from key bank, three months of phone calls to key bank with several disconnect calls on their end with no call back from them even though they claim they have my number but still don't call back, when I call them to get this issue resolved they won't help.

    They just want the monthly payment for my auto loan and that is all they will talk about and when I tell them I am making a monthly payment on a truck I can not drive because I don't have the title they say sorry for the inconvenience and only want to talk about money and they hang up. Save yourself a major headache and avoid keybank for an auto loan, mortgage or any thing else associated with money. Hey keybank you are horrible a very bad bank to deal with.

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    Customer ServiceStaff

    Reviewed April 11, 2026

    I was recently hacked (began with a message stating I’d made a purchase on the dark web. And to call this #). Which I did and it snowballed from there. I immediately went to my KeyBank branch on 40th Ave in Yakima and was put in touch one of the managers, Fernando. We immediately froze my account and set up alerts, and set me up with (my) cash. He also helped me with a list of things to do: contact fraud alert on all my accounts, and file a police report, and so on. I did take notes, albeit sometimes hastily written because of pressures from the hackers, which was a great help, and history of what happened. In conclusion, I am only out my time and inconvenience as they were not successful getting further into my accounts. Thank you, Fernando!

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      Follow-ThroughHonesty & Transparency

      Reviewed April 8, 2026

      Key's products are fine but when you encounter a problem, you are relegated to a third world country where the language barrier is real, they fail to get back to you as promised and you are lied to about their commitment to your problem. Absolutely unacceptable.

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      Refunds & PayoutsBilling

      Reviewed April 8, 2026

      Worst bank ever. Had some physical problems, got hurt at work. Having problems with workman's comp paying me in a timely manner, the bank kept letting it be overdrafted even though I signed paperwork not to be overdrafted. Got verifications that my money has been sent to the bank. They refused to lease it in a timely manner. Now holding my money hostage for 7 days, even though it's already been verified that it's clear because I've had some overdraft fees. Now gonna keep a coming overdraft fees cause you refuse to release the funds and I can't pay my credit card off. This is bank is trash.

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      Customer ServiceRatesHonesty & Transparency

      Reviewed March 17, 2026

      Left on hold for 33 minutes then phone call ended. I explained on 2nd call about the experience and demanded they send me a company survey. Will not hold my breath. Honestly with their 1 star rated they have serious issues.

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      Customer ServicePricePunctuality & SpeedStaffBillingResolutionHonesty & Transparency

      Reviewed March 12, 2026

      We have been with Key Bank for 31 years. We went to the local Medford, Oregon, branch to set up our mortgage with Jeremy. We were told we could set up bi-monthly payments in order to pay off our mortgage quicker. We were then charged a subsequent late fee from Key Bank. When we called about the late fees, we were told not to worry about them and that they would be removed. Months later, we received a letter stating we owed over $400 in late fees. When we contacted corporate about the fees, they said they would look into it to work on getting the late fees dropped.

      After not making any progress with the local branch, we have since contacted the 800 corporate offices, and we are still getting the runaround. Tony S (they don't give out last names to avoid accountability) said the late fees are being reviewed at the "highest department of escalation," but he continues to not have any answers after six weeks and counting. I get a weekly call from him telling me they are still reviewing the case. This is now Key Bank being evasive. I feel misled by corporate. Side note: All the Key Bank locations here in Southern Oregon are sparse, with just a few employees at each branch. It's a ghost town when you walk in, completely understaffed. The Ashland location doesn't even have walk-up tellers. Are they going out of business soon? I think so!

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      Customer ServicePricePunctuality & SpeedTransparency

      Reviewed Feb. 19, 2026

      DO NOT BANK WITH THESE PEOPLE! I am still resolving issues from literally almost two months ago. Switched my banking info and the merchant charged my old account which I was trying to close KeyBank and after I realized they were charging them I called, filed a dispute and they denied me which led to my account becoming overdrawn. Since I do not have my paycheck go to them there is no money in this account. It's a headache to try to close this account and I'm still fighting the overdraft fees. NO I will not pay the fees when you allowed a merchant to charge my account without consent when I had updated my banking info. Not only that but the holds on this checking account is insane. You have to wait days and sometimes weeks until checks clear.

      This is the worst bank I have ever come across and you better fix this because I will not come back to banking with you as I have a new bank and I want to close this account for good like I have been trying to do for months. I have the money to pay off the negative balance but refuse because no charges were supposed to be going to this account as of January 1st when I switched to my new bank account and stopped my paycheck going to them. It should not be this difficult to file a dispute but then I see how many lawsuits they have and it all makes sense.

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      Customer ServicePricePunctuality & SpeedStaff

      Reviewed Feb. 17, 2026

      This bank is ridiculous so far. I changed to Key Bank from a major national bank because I thought it would be better to have a local banking experience. It's been terrible. The amount of holds, "pending" charges, weird "new customer" limitations STILL when it's been nearly six months, and the completed apathy of most customer service reps (a couple of the tellers were nice enough, but still don't seem to be very informed)... It's just bizarre. One example: I tried to move a few hundred dollars from my Key Bank checking account to my Key Bank savings account - mind you, this is WITHIN THE SAME BANK ECOSYSTEM - and it took 3 DAYS.

      When I called to ask why, they said "because it was partially on a weekend." SO? These are digital transactions. I wasn't even trying to put money into my savings from an EXTERNAL account, it was from a KEY BANK ACCOUNT TO ANOTHER KEY BANK ACCOUNT. Don't get me started on how long it takes ANYTHING ELSE to clear - I don't enjoy sitting for days and days waiting to see how much of MY money I'm "allowed" to access. A 24 hour hold makes sense - I do understand there's a "risk" for the bank - but over a week does NOT.

      No other bank I've banked with, or currently bank with, is this restrictive. And Key Bank clearly doesn't care, every time I've tried to get assistance, I'm met with answers that are clearly just read from some on-site customer service instruction booklet. All of this are probably going to cause me to change banks AGAIN away from Key Bank unless things improve soon. If at that six month mark I'm still not being treated like a valued customer, I'm out.

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      Rates

      Reviewed Feb. 11, 2026

      The worst business I've had to deal with in my 48 years of life. Somehow, a non-interest generating retirement account of mine got transferred to this awful institution. For over a year, I have been fighting with these people to close my account and they won't do it. I've filled out all the paperwork they have asked for and they keep making up a reason why they either discard or deny it.

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      Reviewed Feb. 6, 2026

      KeyBank is a threat to the financial safety of working class customers. Ten day holds on modest local check deposits is unacceptable, especially when no warning of the hold is advised until AFTER you deposit online. Your money is not safe here unless you have the means to not need it for ten days. Shame on KeyBank. In an economy that keeps getting harder to navigate their business practices are unfair and tone deaf to the average American’s financial needs. Do better.

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      KeyBank Company Information

      Company Name:
      KeyBank
      Website:
      www.key.com