KeyBank fees include fees for ATMs not owned by the bank, overdraft fees, early account closing fees, wire transfer fees, returned check fees and other bank fees and charges that have become customary in the banking industry. It behooves existing customers and bank shoppers to know the current bank fees being charging for various services on their accounts to avoid getting stuck with unnecessary charges. Bank fees can be costly and unnecessary expenditures that are easily avoided with a little research and knowledge.
The following list includes a sample of the current bank fees charged by KeyBank for the most widely used services.
KeyBank ATMs fees are dependent on the type of account and bank card used to access the ATM.
The standard bank fee for using an ATM that is not a KeyBank owned and operated machine is $2.50 for withdrawals, transfers, transactions or balance inquiries. The bank fee will not be charged for transactions involving a Key Advantage Money Market Checking Account, Key Privilege, Key Privilege Select Account or a Key Student Checking Account.
Bank account holders that use an ATM not owned by KeyBank may be charged a fee by the ATM operator or any network used to complete the transfer.
KeyBank overdraft fees and return item fees are based on a tiered structured that is established on the past 12 months of account statements. For overdrafts that occur 1-2 times, the overdraft fee is $33.00 per item.
For overdraft occurrences that take place three times or more, the overdraft fee is $39.00 per item.
There is a daily cap of 5 overdraft fees and NSF charges per account.
In addition to the standard overdraft fee that may be assessed for each item that overdraws a KeyBank checking account, accounts that are overdrawn for five consecutive business days will be assessed a recurring overdraft fee of $28.50.
The KeyBank stop payment fee is $34.00. The bank fee is assessed for each stop payment or to renew a stop payment on each check or withdrawal item.
The bank chargeback fee for each check deposited to an account that is returned to the bank unpaid is $15.00.
The KeyBank wire transfer fee is $20.00 for incoming domestic and international transfers, $30.00 for outgoing domestic transfers and $45.00 for outgoing international transfers.
KeyBank has an early closing fee for some of their bank accounts. This bank fee is $25.00 and is charged on select accounts that are closed within 180 days after opening.
The standard fee for obtaining a copy of each account statement is $6.00.
KeyBank has a fee for inactive accounts for select accounts and it applies in states where the fee is not prohibited by applicable law. The inactive account fee is $5.00 per month and is assessed checking accounts and savings accounts (excluding Key4Kids Savings Accounts) with balances of less than $5000.00 after 3 months of inactivity on the checking account and after 12 months of inactivity on a savings account. An inactive account notice is sent to the account holder prior to the account being classified as inactive.
KeyBank also imposes an excess telephone inquiry service fee which applies to all types of KeyBank checking accounts. The policy for imposing this fee is based in the number of telephone inquiries. If the number of automated telephone calls for general account information exceeds 8 per statement period, the checking account will be charged a $0.75 fee per call. If the number of employee assisted telephone calls for general account information exceeds 3 per statement period, the checking account will be charged a $1.50 fee per call.
There are additional conditions to the KeyBank ATM fees that include the following:
For each KeyBank ATM Card, KeyBank Debit MasterCard, KeyBank Rewards Debit MasterCard, KeyBank World Debit MasterCard, or KeyBank Rewards World Debit MasterCard withdrawal, transfer, transaction or balance inquiry at any electronic terminal other than a KeyBank terminal, you will be charged a fee of $2.50.
Account holders that have only a KeyBank ATM Card and not a KeyBank Debit MasterCard, KeyBank Rewards Debit MasterCard, KeyBank World Debit MasterCard, or a KeyBank Rewards World Debit MasterCard account linked to the KeyBank ATM Card will be charged a $1.00 monthly KeyBank ATM Card fee. Account holders that have only a KeyBank ATM Card and any of the four KeyBank Debit MasterCards or only a KeyBank Debit MasterCard, KeyBank Rewards Debit MasterCard, KeyBank World Debit MasterCard, or a KeyBank Rewards World Debit MasterCard will not be charged this fee.
The bank fee and bank account information presented is believed to be reliable but may have changed since this publication date, the information is not guaranteed. Contact the bank directly for the most up to date and accurate information bank rates, bank fees and account programs. The main customer service number for KeyBank is 800-539-2968.
A copy of the current Personal Checking Account Fees and Disclosures may be obtained upon request by contacting KeyBank directly.