BBVA Compass Bank is offering a free 8gb iPod Touch when you open a checking account with $100 and set up direct deposit for 6 months. Unfortunately, there are a lot of restrictions. For one, you must reside in Alabama, Arizona, Colorado, Florida, New Mexico, or Texas. Secondly, the iPod is offered through a third-party fulfillment company (think mail-in rebates…) to which you actually have to pay the shipping and handling. Thanks to reader Susan for the tip. Selected fine print:
*To qualify for this offer, you must (1) by December 15, 2009, open a new BBVA Compass Build-to-Order consumer checking account with a minimum deposit of at least $100, (2) within 6 weeks of account opening, your paychecks must begin to be directly deposited into your new checking account at least once each statement cycle. At 6 months your account will be verified again to confirm you are still meeting the payroll direct deposit requirement. If not, BBVA Compass will debit $180 (the approximate cost of the iPod touch) from your checking account.