Relay vs KeyBank
Relay is an one of the best online business banking accounts for large teams . How does it compare to KeyBank? Read our comparison chart below.
Relay lets you open up to 20 individual business checking accounts and 50 debit cards at no extra charge. There's also free cash deposits and free mailed checks through the app. There's no monthly fee.
While KeyBank has over 1,200 branches in 16 states. It offers a range of checking and savings accounts. Some relationship products offer perks like lower loan rates and higher savings APY. Key Bank has higher monthly service fees and heavier requirements to waive, but there is a free checking option.
Compare Relay with KeyBank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Visit Site | |
Relay | KeyBank | |
|---|---|---|
No-Fee Business Checking - | Key Select Checking℠ - $200 Bonus - | |
Benefits and Features | ||
| Savings | Earn up to 3% APY: Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000. | 0.01% APY. $10 minimum opening deposit. $4 monthly maintenance fee unless you are an owner of a KeyBank consumer checking account (including the KeyBank Hassle-Free Account). |
| CD | Standard Term CD: 0.05% APY. Terms of 7 days to 10 years. Minimum deposit of $2,500. | |
| Checking | Up to 20 individual business checking accounts; no monthly fees; no overdraft fees | |
| Money Market | 3.57% APY. $5,000 minimum opening deposit. Monthly maintenance charge of $20. Can be waived with $25,000 daily balance OR having a relationship package checking account. | |
| APY | ||
| Customer Service | Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday | Telephone Service available 24/7 |
| Minimum Deposit to Open | ||
| ACH Transfer Fee | ||
| ATMs | More than 1,500 ATMs in Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington. | |
| Balance Requirement | ||
| Cash Deposit Fee | $0 for cash deposits at Allpoint ATMs | |
| Incoming Wire Transfer Fee | ||
| Locations | More than 1,200 branches in 16 states: Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington. | |
| Out of Network ATM Fee | ||
| Outgoing Wire Transfer Fee | $5 for domestic; $10 for international | |
| Overdraft Fee | ||
| Monthly Fee | ||
CreditDonkey® Reviews | ||
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| Checking |  |   |
| Customer Service | | |
| Mobile App | | |
| Fees | | |
| Savings | | |
| CD | | |
| Money Market | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | One of the best online business banking accounts for large teams... | Bank with a variety of deposit products and great financial tools... |
| Visit Site | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. KeyBank: Pricing information from published website as of 08/30/2023 based on 44114 zip code. | ||
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
Key Select Checking℠ - $200 Bonus
- Earn a $200 cash bonus when you open a Key Select Checking account by 12/8/23 and make one direct deposit of at least $500 within 60 days.
- Convenient banking at 40,000+ KeyBank and Allpoint ATMs.
- Key Select Checking℠ is a premium checking account that earns interest and a $100 annual cash bonus with qualifying activities
- Set custom alerts so you can receive text or email updates about the account information that's important to you.
- Move money easily with Zelle, mobile check deposit, online banking and more.
- Enjoy chip security, Tap & Go technology and all benefits of Mastercard.
- FDIC Insured. Up to the maximum allowable limit.
Key Smart Checking® - $200 Bonus
- Earn a $200 cash bonus when you open a Key Smart Checking account by 12/8/23 and make one direct deposit of at least $500 within 60 days.
- Convenient banking at 40,000+ KeyBank and Allpoint ATMs.
- Key Smart Checking® is a no monthly maintenance fee account
- Set custom alerts so you can receive text or email updates about the account information that's important to you.
- Move money easily with Zelle, mobile check deposit, online banking and more.
- Enjoy chip security, Tap & Go technology and all benefits of Mastercard.
- FDIC Insured. Up to the maximum allowable limit.
Which is Better: Relay or KeyBank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Relay or Chase.
In short: Relay's checking is excellent.
Articles on Relay
Relay Financial Review
Articles on KeyBank
KeyBank Review
KeyBank Routing Number
Which Do You Think is Best?
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