What qualifies as an automated payment?
• Automatic withdrawals from your checking account by a company, such as paying a utility bill automatically from the utility’s website bill pay. It must be linked by routing number and checking account number, not the debit card number. Automated payments exclude Bill Pay, debit card automated payments, PayPal® transactions, and account-to-account balance transfers. • The withdrawal has to be initiated by a payee outside of KeyBank. Having your insurance, utilities, and credit card companies bill your KeyBank checking account will qualify. Automated loan payments made via ACH (whether a “KeyBank” loan or loan with another financials services firm) will also qualify.
