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KeyBank's Garmin GPS Checking Account Promotion


KeyBank has a new checking account promotion that's similar to what they were offering in March except with new versions of the Garmin GPS. In this new promo you can receive a free Garmin nuvi 1200 GPS or a Garmin nuvi 1350 GPS.

The 1200 GPS requires that you open a qualifying checking account by 9/11/09 and make one debit card transaction and make two direct deposits or automated payments each of $100 or more by 11/13/09. The Express Free Checking qualifies. One thing new in this promo is that you must have or request a KeyBank Rewards debit card and enroll in the KeyBank Rewards points program. There is a $20 annual fee for the KeyBank Rewards Program that will be waived for the first year. The current price of this 1200 GPS is $179.99 at

The more expensive 1350 GPS requires opening either the Key Privilege or Key Privilege Select checking account. The other requirements seem to be the same. These two personal accounts require large minimum balances to avoid monthly fees. The current price of this 1350 GPS is $279.99 at

You will receive your Garmin GPS within 90 days of meeting requirements. Here's some of the important small print. Please refer to the promotion page and the FAQ page for the official details.
  • Direct deposit transactions are limited to: payroll, social security, pension and government benefits.
  • Automated payments exclude Key Bill Pay, debit card automated payments, PayPal transactions and account to account balance transfers.
  • Offer not available to individuals who have opened a KeyBank checking account in the last 12 months.
  • The value of the Garmin GPS will be reported on Form 1099-INT ($145 for the 1200 and $212 for the 1350)
  • If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee.
  • You can apply at a KeyBank branch, or through 1-877-539-4477
  • Only available in areas where KeyBank has branches. Key has branches in the following states: Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Kentucky, Maine, Michigan, New York, Ohio, Oregon, Utah, Vermont, and Washington.
Some features of the Key Express Free Checking include:
  • $50 Minimum opening deposit
  • No monthly fees
  • No minimum balance requirements
  • ACH transfer capability
  • free pill pay
According to the customer service rep, they don't do a hard credit inquiry. They only use ChexSystem in the application approval process. This is based on my conversation with the CSR in 2007.

KeyBank has been FDIC member since 1956.

Other Bank Bonus Deals:

Update 8/18/09: Crossed out Florida from list of eligible states per info from reader. FDIC database does show KeyBank branches in Florida, but these zip codes are not accepted in the online application.

Related Pages: KeyBank, New York, Indiana, Washington, Vermont, Utah, Alaska, Maine, checking account, Oregon, Michigan, Idaho, Kentucky, Colorado, Ohio

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Comment #1 by Rick Carstens (anonymous) posted on
Rick Carstens
limiting direct transactions to payroll is not a good idea... this is not a good news for me... and the other feature are also not too much good for me... its my opinion.. the earlier norms were fab where there is no such limitation were there.

Comment #2 by Anonymous posted on
From what I can tell this offer is not available to Florida residents; also, Key Bank does not have any branches or ATMS in Florida (I used the search box on their site). Perhaps whoever wrote this post should update it.

Comment #3 by Anonymous posted on
Just spoke to Key Bank CSR and was informed that Key Bank does NOT have branches in Florida therefore Florida residents are not eligable for this GPS offer.

on a side note* I emailed Key Bank's customer service and received a reply listing all the states where they have branches (strangely enough Florida was on the list). It looked like someone just copied and pasted the branch list from this site, which was inaccurate.

Comment #4 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. I updated the post. The list came from Key's FAQ. Also, the FDIC lists 4 branches in Florida. Perhaps they don't operate under the KeyBank brand. From the FDIC database, I used the zip codes of these offices, and the online application rejected them.