Free Digital Camera Offer From KeyBank
KeyBank is offering a Canon Powershot A460 camera (5.0 MP, 4x Optical Zoom) for opening a checking account. Specifically, you must
1) Open a new KeyBank personal checking account between February 17, 2007 and March 30, 2007, and
2) Set up Direct Deposit and/or Automated Payments and complete two transactions each of $150 or more by June 1, 2007.
Both of these should be of minimal cost, as they have Free Checking with no maintenance fees or minimums, and you can just do two online transfers of $150 from another bank. Offer available only to individuals in a KeyBank-serviced area and also without an existing checking account as of February 16, 2007. Value of camera will be reported on a 1099-INT as taxable interest.
Find more in Deals & Offers | 2/19/07, 8:31pm | Trackback
February 19th, 2007 at 10:20 pm
Very interesting! I may have to give this a try. Even if I decide I don’t need the camera it should fetch about $100 on ebay! Thanks for the tip!
February 20th, 2007 at 4:44 am
$25 account closure fee if closed within 180 days.
February 20th, 2007 at 7:10 am
If it’s MSRP value of camera than taxes on that interest would reduce the deal to almost no deal.
February 20th, 2007 at 11:43 am
Just in case anyone’s interested, a review of the camera (not great overall):
http://review.zdnet.com/Canon_.....14544.html
February 20th, 2007 at 11:48 am
MSRP is $150, 25% tax would be $37.50. If you bump it up to $50 and sell for $100, that’s about $50 after-tax profit.
Canon A-series cameras all seem to be so-so, as they are the value line. I like Canons, though.
February 20th, 2007 at 8:21 pm
it seams key bank does not offer it’s checking account in some parts of CA. Anyone else with such trouble?
February 21st, 2007 at 7:08 am
Anyone know if they do a hard credit pull?
February 21st, 2007 at 2:27 pm
Yes, their footprint is somewhat limited. No hard inquiry at KeyBank.
February 26th, 2007 at 4:06 pm
I just found that Key Bank will put the value of the camera at $300 on the 1099-INT.
Is it worth the hassle? I don’t think so.
February 26th, 2007 at 4:11 pm
$300? I can’t find one store online selling this for $300. Even Ritz Camera is $150. I’d wait for the next KeyBank offer, maybe another iPod…
February 28th, 2007 at 11:12 am
I was told the camera value would be reported as $170 (camera, taxes and shipping). Where did you get the $300?
April 27th, 2007 at 1:33 am
I am not sure what they say that means an “Automated Payment”? Can I go ahead and make a 2 small payments without changing my existing information for Bill Paying??? Or, I need to take the hassle of changing all my Online Bill payment?
August 5th, 2007 at 6:29 am
Key Bank sent me a flier in the US mail with a similar offer (quoting) “To get your free digital camera, open a new Key personal checking account between February 17 and March 30 and either: Set up Direct Deposit and/or Automated Payments and complete two transactions each of $150 or more by June 1 (2007).” I completed said Key Bank flier qualifications within the time allowed but to date, have received no camera. Key Bank has informed me they have a different set of qualifications than from what my flier stated and have refused to give me a free Canon Digital camera. Anyone else have a problem like this?