Key Bank USA Complaint - Deposits wait, instand check clearing
PORT CLINTON, OHIO -- Do not use Key Bank for your checking account if you keep a very close balance. If you always keep at least one paycheck cushion, Key should be fine.
Key Bank waits 24 hours minimum to post funds to your account (even your paycheck) it will let you use these funds, but you will be charged a fee for using your own money too soon!
Key Bank will charge overdrafts for all checks that bounce because of this 24 hour wait period now too. So, if you get paid on Friday, and you set up topay bills on Friday, these checks will bounce.
Key has strategically thought out how to get the most in fees and charges from its customers. Be very careful when you deal with this bank.