KeyBank Takes the Hassle - And Monthly Fees - out of Banking with New KeyBank Hassle-Free Account(SM)
CLEVELAND, June 2, 2014 /PRNewswire/ -- KeyBank has created a new account without a monthly fee for banking customers who want straightforward ways to make deposits, track money, obtain cash and make payments without worrying about potential overdraft fees or other unexpected fees.
"We designed the KeyBank Hassle-Free Account for banking customers who want easy access to their money without the worry of unexpected fees," said Dennis A. Devine, copresident of Key Community Bank and head of Consumer and Small Business. "Our Hassle-Free Account is a great complement to the wide range of banking services we offer."
Key Bank Hassle-Free Account By the Numbers:
- No monthly fee and no balance requirements
- No overdraft fees and no bounced check fees
- Free digital banking (online banking, bill pay, and mobile banking)
- Free mobile deposit
- No paper check writing with this account
- No paper statement fee
- Open the account with as little as $10
- Free access to 1,300 KeyBank ATMs, 1,000 KeyBank branches and KeyBank's contact center
- No In-branch deposit fee
Devine said the KeyBank Hassle-Free Account stands out in that there is no monthly fee or minimum balance requirement and no overdraft fees or bounced checks. The account does not allow check writing via paper checks, but provides unlimited access to free digital banking including online and mobile banking and bill payment.
He said the Hassle-Free Account was designed with banking customers' varying preferences in mind.
"Managing money is not a 'one-size-fits-all' proposition," Devine said.
"We know there are banking customers who value a streamlined service such as the KeyBank Hassle-Free Account. Banking customers using the Hassle-Free Account can spend less time navigating account requirements and more time talking with us about their financial goals and how to attain those goals," Devine said.
A recent KeyBank survey showed banking customers are sure of their financial goals, but aren't confident they know how to attain those goals. For example, 70 percent of those surveyed stated they prioritized having the financial resources to live the way they want, now and in the future, but only 18 percent were confident they could develop a financial plan to accomplish that goal.
"At Key, our mission is to help banking customers to bridge that confidence gap," Devine said. "The KeyBank Hassle-Free Account and other KeyBank services are designed to help banking customers feel confident in all their financial decisions, whether those are short-term such as making deposits, managing cash and credit, and paying bills, or longer-term, such as buying a home or planning for retirement."
About KeyCorp (KEY)
Key traces its history back more than 160 years and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $90.8 billion as of March 31, 2014.
Key (NYSE: KEY) provides deposit, lending, cash management and investment services to individuals, small and medium-sized business under the name KeyBank National Association. 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 about Key, visit www.key.com or follow Key on Twitter@KeyBank_News and @KeyBank_ Thrive. Banking products and services are offered by KeyBank National Association. Account early closure fee and other miscellaneous charges apply. Key.com is a federally registered service mark of KeyCorp. ©2013 KeyCorp. KeyBank is Member FDIC.