KeyCorp introduced a debit card for small businesses.
The Small Business KeyMoney Card can be used at automated teller machines for deposits and withdrawals. It also has an off-line Master Money function, allowing cardholders to make purchases at any location that accepts MasterCard. The funds will be withdrawn directly from the small- business checking account.
At a Key Bank ATM, the cards can be used to check balances, obtain a cash advance from a credit card linked to the account, make payments on a business credit card, and transfer funds among business accounts. At specially equipped ATMs, customers can make deposits of checks, coins, and paper currency.
In the future, the card will provide access to KeyPay Business, a 24- hour telephone bill payment service.