Key Bank clearly did very well from their iPod promotion, because Compass Bank is now running almost the exact same deal. With Compass though it's a very cool 2GB iPod Shuffle, and it's free to new customers.

There are a few stipulations (aren't there always?) but they're reasonable. Here's the lowdown on the deal:

Update: MOST IMPORTANT (thanks Bloggrrl):

You must register BEFORE opening a Compass Build-to-Order Free Checking Account online. To ensure timely delivery of email to your inbox, please add getgift@compassbank.com to your trusted email senders list.)

  • It's for NEW Compass Bank customers only
  • You need to open the Compass Build-To-Order FREE Checking
  • You must not have received any promo gifts from Compass in the last 12 months
  • You have to be over 18 (19 in Alabama)
  • You need to make a $25 deposit (which you can always get back later)
  • You have to apply for your Shuffle within 30 days of opening the account
  • You pay for shipping ($9.95)
  • Only for residents of Alabama, Arizona, Colorado, Florida, New Mexico and Texas.
  • Offer available online only through 06/30/2008. So, hurry!

offer

You can read the full details of the deal here , but trust me when I say I did it a few years ago with Key Bank and it was well worth it. I got the Nano for a $50 deposit and it's been terrific. Brand new, not a refurb, quickly shipped to me and the checking account is great. And as I have a Compass Bank free checking account, too, I can also tell you I'm very happy with that one.

May the music be with you.