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KeyBank iPod Touch New Account Bank Deal

Sometimes I wonder if KeyBank has some sort of deal with Apple because they love giving away iPod nanos and iPod touches as new account bonus promotions. This time, it’s an iPod touch for their Key Express Free Checking and Key Advantage Money Market Checking accounts. If you fancy a Key Privilege Checking or Key Privilege Select Checking account, you get both an iPod touch and a $25 iTunes gift card for your troubles.

It’s not clear what version of the iPod touch you’ll get but the 32GB 3rd Generation unit costs $260 on Amazon.com.

Key Express Free Checking, Advantage Money Market Checking

Open a Key Express Free Checking or an Advantage Money Market Checking by July 30, 2010, make one KeyBank Rewards debit card transaction, and either two direct deposits or automated payments each of $100 or more by October 1, 2010 to get a free iPod Touch. Qualified direct deposits are limited to payroll, Social Security, pension, and government benefits. Automated payments exclude Key Bill Pay, debit card automated payments, PayPal® transactions, and account-to-account balance transfers. You will receive the iPod touch within 90 days of meeting the requirements.

Key Privilege Checking, Key Privilege Select Checking

The requirements for the iPod touch and the $25 iTunes gift card mirror that of the iPod touch alone except the eligible accounts are the Key Privilege Checking and the Key Privilege Select Checking accounts. The difference is that Key Privilege Checking has a $25,000 minimum combined balance across all KeyBank accounts and Key Privilege Select Checking has a $100,000 minimum combined balance.

This deal is available in Cleveland, Eastern OH, Idaho, Western NY, Oregon, Seattle Cascades, South Puget Sound, Central NY, Rochester, Maine, Northwest OH, Michigan, and Capital Region NY.

Here is the bank promotion page [3].

The KeyBank Rewards Program has a $20 annual fee that is waived for the first year. As expected, the value of the iPod touch and the $25 iTunes® card will be reported on a Form 1099-INT.