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KeyBank Business Checking Review 2024

The Forbes Advisor review of KeyBank's Business Checking accounts highlights several key features and considerations for potential business customers. KeyBank offers three main business checking accounts: Basic Business Checking, Business Interest Checking, and Business Convenience Checking Plus, each tailored to different business sizes and needs. The Basic Business Checking is designed for smaller businesses with lower transaction volumes, offering no monthly maintenance fee with a minimum balance or combined balance requirement. Business Interest Checking provides the benefit of earning interest on the account balance, suitable for businesses looking to grow their funds while maintaining liquidity. The Business Convenience Checking Plus is aimed at larger businesses with higher transaction volumes, offering more comprehensive services but at a higher cost. KeyBank also provides additional services like cash management, merchant services, and various digital banking tools. However, the review notes that while KeyBank has a strong physical presence in certain regions, its branch network might not be as extensive in others, potentially limiting in-person banking convenience for some businesses. Additionally, fees can be high if account balance requirements are not met, and there are considerations around the tiered fee structure for transactions.

Read the Full Forbes Article at:
[ https://www.forbes.com/advisor/banking/checking/keybank-business-checking-review/ ]