KeyBank's EasyUp: Transforming Spending into Savings
The financial empowerment tool continues to help clients meet their financial goals effectively.
KeyBank (NYSE: KEY) is revolutionizing the way clients approach savings with its innovative tool, EasyUp. This service cleverly turns everyday spending into meaningful savings through simple, automatic transfers to a linked KeyBank savings account. Every time a customer makes a debit card purchase, they can set EasyUp to transfer a pre-defined sum, up to $5, into their savings. This initiative underscores KeyBank's commitment to providing convenient, effective solutions that assist clients in managing their financial journeys.
Since its inception, EasyUp has had a remarkable impact. Users have collectively saved over $182 million, with each client averaging an annual saving of approximately $490. These statistics highlight EasyUp’s role as a practical tool to foster financial health and establish good saving habits without the hassle of manual transactions.
Seamless Enrollment for Clients
Getting started with EasyUp is incredibly straightforward. Clients can easily enroll by logging into their online banking or the KeyBank mobile app. They simply navigate to the EasyUp section, choose their accounts, and decide on their preferred transfer amount. This seamless enrollment process ensures that clients can initiate their savings journey swiftly and without complications.
Automated Savings for Every Purchase
With EasyUp, clients enjoy the advantage of automated savings. Each time they use their KeyBank debit card, a predetermined amount is transferred from their checking to savings account. Clients have the power to customize their transfer amounts, which can range from as little as 10 cents to $5. This system encourages proactive savings while allowing individuals to maintain their usual spending habits.
Building Towards Financial Goals
EasyUp is more than just a savings tool; it is a stepping stone towards achieving various financial objectives. Whether clients are saving for an emergency fund, a dream vacation, or an investment opportunity, EasyUp helps them grow their savings incrementally. Additionally, clients have the option to channel these savings into expedited debt repayment, making it a versatile resource for personal finance management.
Control and Flexibility
This tool is designed with the user’s flexibility in mind. Clients can easily pause, resume, or modify their EasyUp settings at any moment. Adjusting the transfer amounts or changing linked accounts is a quick and hassle-free process, making it a convenient solution for dynamic financial situations.
Relationship Benefits through EasyUp
KeyBank clients can further benefit from their relationship with the bank through its relationship benefits program. By completing five or more qualifying transactions per month with their KeyBank checking account, clients become eligible for various perks. Each purchase made with EasyUp not only contributes to savings but also counts toward the required transactions to unlock additional rewards.
As stated by Jeannie Fanning, Director of Consumer Bank Relationship Growth at KeyBank, 'EasyUp illustrates that small, consistent actions lead to significant financial progress over time. By facilitating automated transfers, we enable our clients to stay on track while making minimal changes to their spending behavior.' This dedication to client-centered financial solutions sets KeyBank apart in the crowded banking landscape.
For those eager to enhance their strategies and make informed financial decisions, discovering more about KeyBank's products and services can pave the way toward achieving financial aspirations. KeyBank provides an array of services designed to cater to diverse client needs, assuring them that they are supported as they navigate their financial journeys.
About KeyCorp
Celebrating its bicentennial in 2025, KeyCorp brings 200 years of experience in serving clients and communities. The company is headquartered in Cleveland, Ohio and boasts around $185 billion in assets. With nearly 1,000 branches and around 1,200 ATMs across 15 states, KeyBank provides comprehensive financial services that include deposit, lending, cash management, and investment services.
Frequently Asked Questions
What is KeyBank's EasyUp tool?
EasyUp is a financial tool offered by KeyBank that allows clients to automatically save money with every debit card purchase by transferring a pre-selected amount into a linked savings account.
How much can clients save with EasyUp?
Clients can choose to save between 10 cents and $5 with each transaction. On average, clients save about $490 each year using EasyUp.
Is enrollment in EasyUp complicated?
No, enrolling in EasyUp is very simple. Clients can sign up through the KeyBank mobile app or their online banking platform in just a few minutes.
Can clients adjust their EasyUp settings easily?
Yes, clients have the flexibility to pause, resume, or modify their EasyUp settings and transfer amounts at any time through their banking app or online portal.
What additional benefits do clients gain from using EasyUp?
Every debit card transaction made through EasyUp counts towards the five qualifying monthly transactions needed to access KeyBank’s relationship benefits program, adding more value to their everyday purchases.
