CLEVELAND, Aug. 13, 2020 /PRNewswire/ -- This National
Financial Awareness Day, KeyBank is introducing Key Smart
CheckingSM, a new, intuitive checking experience.
Key Smart CheckingSM comes fully stocked with
KeyBank's financial wellness tools and services, including
overdraft protection and no recurring monthly maintenance fees. Key
Smart CheckingSM is offered to clients looking to
improve their financial awareness, build upon their financial
wellness and avoid unnecessary expenses.
The average checking account costs consumers around
$170 per year and around another
$56 per year for using an ATM outside
of a consumer's bank network just once a month. The Key Smart
CheckingSM account gives clients complete convenience
with unlimited surcharge-free access to more than 1,400 KeyBank
ATMs and 40,000 Allpoint ATMs nationwide for customers using a
KeyBank debit card. Key Smart CheckingSM users will have
a fully digital experience, with access to mobile and online
banking, the ability to see all their money in one place with
third-party account linking, and mobile deposit capabilities. Just
like other KeyBank accounts, clients will be able to use Zelle® to
send payments and enroll in EasyUp™, which allows users to save
effortlessly and automatically pay down debt.
"We want to give our current and potential clients the banking
experience they desire, especially as many navigate the challenges
of this unprecedented global health crisis. For many, that
experience involves an effortless checking account that meets all
of their needs," said Chris
Manderfield, Executive Vice President at Key Bank. "When
clients have the tools to do more with their money, they'll be able
to make smart decisions that open doors for their future.
Studies find overdraft fees and late payments cost Americans
nearly $250 each year on
average, but the ability to use your savings account as
overdraft protection can help prevent those costs. Key Smart
CheckingSM gives clients access to that and other tools
that empower people to stay in control of their financial lives,
which include:
- $0 Overdraft Protection
Option by linking your savings account to a Smart
CheckingSM account
- EasyUp, an automatic saving tool, which allows clients to save
to pay down debt with each KeyBank debit card purchase
- Third-party account-linking for a complete view of all your
money in one location
- Secure shopping with contactless debit and credit cards, as
well as mobile remote deposit
"For new and existing clients, the launch of Key Smart
CheckingSM is a great opportunity to take time for some
financial self-care. Clients can take part in a Financial Wellness
Review in any KeyBank branch to assess where they stand today, how
they can plan for tomorrow, and whether this account is right for
them. We're facing uncertain times ahead because of the current
pandemic, and our clients need to be empowered without being
burdened. Our Key Smart Checking account is a giant step toward
helping our clients be confident about their financial future,"
said Manderfield.
About KeyCorp (NYSE:KEY)
KeyCorp's roots trace back
190 years to Albany, New York.
Headquartered in Cleveland, Ohio,
Key is one of the nation's largest bank-based financial services
companies, with assets of approximately $171.2 billion at June 30,
2020. Key provides deposit, lending, cash management, and
investment services to individuals and businesses in 15 states
under the name KeyBank National Association through a network of
more than 1,000 branches and more than 41,000 KeyBank ATMs and
Allpoint surcharge free ATMs for many customers when using a
KeyBank debit card nationwide. Key also provides a broad range of
sophisticated corporate and investment banking products, such as
merger and acquisition advice, public and private debt and equity,
syndications and derivatives to middle market companies in selected
industries throughout the United
States under the KeyBanc Capital Markets trade name. For
more information, visit https://www.key.com/. KeyBank is Member
FDIC. ©2020. KeyCorp. CFMA #200810-853799
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SOURCE KeyCorp