Of the 5 types of qualifying checking accounts, the Key Express Checking is the only one that can avoid paying a monthly maintenance fee with, Make at least $500 in deposits or initiate five transactions per statement cycle†. So after committing 93 days to meet the promotion requirements, one has to still maintain the account from 94-180 days to avoid the early account closure fee ($25).
The next level checking account has a $10 monthly maintenance fee. The three other tiers require $10k/25/100k minimum balance.
I'm thinking about getting in on this deal to get another iPod. I didn't do the last Key bank deal but the Bank of the West one sure was much easier.
I just applied. I didn't do any of the previous Touch deals because they were the crappy 2G/3G versions. These should be 4G. It's a pain to have to remember to do 10 purchases, but I will be doing 10 $1.01 TimeWarner cable payments.