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Laurel Road Advances Digital Banking with New Checking and Mobile Application

Press Release

Published September 23, 2021

New offerings add to Laurel Road’s array of unique financial solutions for healthcare and business professionals

New York, NY — September 23, 2021Laurel Road, a digital banking platform of KeyBank with specialized offerings for healthcare and business professionals, unveiled today the Laurel Road CheckingSM account and mobile application, allowing existing and new members the ability to more easily manage their finances, save money while paying down student debt, and bank from anywhere, anytime.

Just six months after launching Laurel Road for Doctors, a new suite of financial and banking products tailored to physicians and dentists, the company is advancing even further as a digital banking platform with the launch of Laurel Road Checking.

This new offering adds to Laurel Road’s existing line-up of digital banking products, which includes a Student Loan Refi & Linked Savings account and the Laurel Road Student Loan Cashback® Card, along with student loan refinancing, personal lending, and mortgage options, making it a comprehensive platform for all the financial solutions that healthcare and business professionals need.

“We know that the majority of Americans, both healthcare professionals and young Americans navigating high student debt and in demanding careers, are looking for banking and financial solutions that fit into their busy lifestyles and help them meet their goals. That’s why our new checking account and mobile app are designed to provide ease to our members as they manage their money, while also helping to develop best practices around saving and growing their finances,” said Alyssa Schaefer, Chief Experience Officer at Laurel Road. “As we strive to continue our efforts of providing exceptional digital experiences with high-touch human support, it’s important to keep in mind that no one’s financial journey is stagnant, which is why we have created products that will continue to grow with each of our members.”

To support this desire for new banking experiences that also provide savings opportunities, Laurel Road Checking offers discounts of up to 0.55% on refinancing your student loan with Laurel Road when you open up a Laurel Road Checking account and make recurring monthly direct deposits – that means reaching variable APRs as low as 1.37%. Those approved for a student loan are eligible to secure a student loan rate reduction by contributing to the checking account with monthly direct deposits, securing significant savings – and this is achieved all online in one cohesive experience. Additional benefits that come with opening a Laurel Road Checking account include:

  • A limited time offer of $500 cash bonus when making direct deposits totaling $2,500 or more within 60 days of opening the account
  • Overdraft protection, no minimum opening deposit, and no account maintenance fee
  • World Debit Mastercard benefits, including chip capabilities and no monthly or annual fee
  • 40,000+ ATMs nationwide

Members can also easily access the new Laurel Road mobile application as it is both iOS and Android accessible. It features exciting capabilities, including an ATM finder, mobile check deposit, P2P/Zelle contact list integration and transfers, bill payment management, and check ordering options.

Additionally, those who choose Laurel Road as their digital banking platform of choice have access to Laurel Road Perks!, a growing partner network of exclusive offers, discounts and benefits for all Laurel Road members, which includes partners such as P.volve, Sakara, Brooklinen, KidPass, and TaskRabbit.

To learn more about Laurel Road Checking, the new mobile app and Laurel Road’s growing digital banking offerings, visit laurelroad.com/checking-launch.

About Laurel Road

Laurel Road is a digital banking platform and brand of KeyBank that provides tailored offerings to support the financial wellbeing of healthcare and business professionals. Laurel Road’s banking and lending solutions, including Laurel Road Checking, Laurel Road High Yield Savings®, Laurel Road Student Loan Cashback Card, Student Loan Refinancing, Mortgages, Personal Loans and more, provide our members with a simplified, personalized experience that helps them better navigate their financial journey and achieve life’s goals. Additionally, Laurel Road has reimagined banking and financial management for physician and dentists through Laurel Road for Doctors, a tailored digital experience made up of banking, insights and exclusive benefits to provide the financial help and peace of mind they need through each career stage. Since 2013, Laurel Road has helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $9 billion in federal and private school loans. For more information, visit http://www.laurelroad.com. Laurel Road is a brand of KeyBank National Association. All products offered by KeyBank N.A. Member FDIC. NMLS # 399797. Equal Housing Lender. © 2021 KeyCorp® All Rights Reserved. Laurel Road is a federally registered service mark of KeyCorp.

About KeyCorp

KeyCorp’s (NYSE: KEY) roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $170.3 billion at December 31, 2020. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,000 branches and approximately 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/.

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