KeyBank is offering a sweet $500 bonus for opening a new business checking account, but there are a few hoops to jump through. To snag the bonus, you'll need to open either a KeyBank Basic Business Checking or KeyBank Business Reward Checking account in person by January 16, 2026, deposit at least $5,000 within 30 days, and maintain a minimum daily balance of $5,000 for 90 days. You'll get the bonus within 60 days of meeting those requirements.

This matters because it's essentially free money for your business! Just be aware of the fine print: you can't have had a business account with KeyBank in the past 12 months, and you'll need to keep that $5,000 balance to qualify. Also, remember that the bonus is considered interest income, so you'll owe taxes on it. The Basic Business Checking account has a $5 monthly fee, but you can avoid it by maintaining a $1,000 average balance. Overall, if you can meet the requirements, this bonus is a great way to pad your business's bottom line.