KeyBank is once again offering an iPod touch (8GB 4th generation unit according to posters on Fatwallet) on their promotions page for new account holders who open up a checking account online. The requirements for getting the iPod touch is not unlike what reward checking accounts require:
- open a qualifying KeyBank checking account online and enter offer code ONTT0311 by June 24, 2011, and
- make at least 10 payments and/or purchases per month for 3 months after account opening, plus
- make 3 direct deposits each of $500 or more within 3 months of account opening.
The 10 payments or purchases a month for three months is what I meant when I said “reward checking account”-like in terms of requirements. The three direct deposits of $500+ isn’t uncommon for these types of promotions, it just makes the checking account a little “stickier.”
One gotcha you won’t see unless you really dig is that they charge you a $25 account early closure fee if you close the account within 180 days of opening it.
Here are the somewhat longwinded terms & conditions:
(Click to continue reading…)