Free iPod Nano from KeyBank

Update (9/4/08): Looks like KeyBank has ended this promotion by now.  Who knows, maybe they’ll try again in the future.

KeyBank is giving away a free iPod Nano when you open an account!  About six months back Dawn and I got our spiffy iPod Nano this way and have been enjoying them ever since.  It tends to be a very limited offer that could end at any moment, so jump on it quick. 

(that’s a iPod Touch pictured next to the Nano, you get the Touch if you sign up for a fancy account)

It is completely free to sign up (at least for the iPod Nano 4GB 3rd gen).  When I did it there were a few key steps, here’s what I remember:

  1. Sign up online for a free checking account
  2. Fax a copy of your driver’s license
  3. Enable online banking
  4. Request a debit/check card for the account
  5. Transfer $50 into your new account

Of course, be sure to check on KeyBank’s web site for the details and specific steps they require for the free iPod.  It looks like they’ve actually updated the rules for this promotional period to get you a little more involved by needing to “make one debit card transaction plus a combination of two direct deposits or automated payments each of $100 or more”.  Though that should be easy, when I signed up, I just used an “Automated Bill Pay” from my current bank, but that was the last promotional period, so I’d recommend checking with them on what constitutes an “automated payment”.


iPod Nano 3G Silver Sign up During Business Hours
My #1 tip of advice, start the process and do all the steps during normal business hours, best by 1pm if you’re on the west coast.  You can do all the steps in one fail swoop (~20min) if it’s during business hours, because even though it’s all online, the banking system can create the account and each step of the way in real time only during business hours.  I did mine that way, then I did Dawn’s without thinking about it at ~4pm my time (PST) and since it wasn’t during ‘normal business hours’, I had to wait a day or two for the account to be created.


Some other notes…

  • Last time they ran this special for just a few weeks and I found out at the tail end, I have no idea how long this one’s been going on or when it will end, so sign up quick.
  • They require the $50 deposit to meet the iPod requirements.  After getting the iPod, you can simply transfer the $50 back out if you like.  (this time it looks like they also require two automated deposits of $100, which you can also transfer back out)
  • Dawn and I haven’t paid a dime since signing up.  It’s great.
  • It took about six weeks to receive the iPod, but from talking with KeyBank, it sounds like the earlier you sign up, the faster you get the iPod.   They had a big backlog at the end of the last promotion period and Dawn and I signed up in the last few days.
  • Yes, I am an Apple iPod fan.  I jumped on the iPod bandwagon long before the Microsoft Zune was released and I have yet to be given a Zune for free (like my iPods).
  • We received the 4GB Nano, but I sold mine on eBay and got an 8GB with the money +$50 at Target.
  • KeyBank is a big reputable bank, no it’s not a scam, there are many KeyBank locations around where we are in the Seattle area.
  • I believe you can sign up anywhere in the US, even if there isn’t a KeyBank anywhere around you (it’s all online anyway).  KeyBank actually has a nice, easy to use online system.
  • It doesn’t matter how many bank accounts you have elsewhere (or none at all).
  • We did notice on our credit report that there was a new account opened, but that’s it, no big deal.
  • It appears silver is the only color they send out, but hey, it’s free!!

Cheers and enjoy the free iPod!  ( if you sign up from reading this post, please leave a comment to let me know it was worth the time writing about it 🙂 )

Comments (12)
  1. FantasticJuan says:

    Got mine last weekend.  It was a 4th gen 8gig, very nice.

  2. J says:

    WOW im very upset!! i was checking their website for the past couple of months to see if they had this promotion. My brother did it two years ago and they advertised the 1st gen but he recieved a 2nd gen. So i was expecting the 4th gen nanos to be given away.

    I can’t believe I missed this!

  3. Lisa says:


    When did you open your account? I have yet to receive mine!

  4. ColonelSanders says:

    This is the 2nd time that I’ve done this.  Great offer.  It appears that I will be receiving mine in the next two weeks.  Also, it appears that it will be the 4th gen 8gb.  This is a great way to get the over priced wonder known as ipod.  As I did with the first offer, I will be selling the unit and buying a more affordable and more robust unit.

    Thanks for the article.  You are correct, the requirements this go around were to have a minimum of two direct deposits or auto payments in the amount of <$100 each and one debit card transaction.

  5. Josh says:

    I opened my account the 9/2/08 and completed the requirements towards the end of October (before the deadline).

    Just curious what everyone else’s timeline looks like as to how long it take to get the ipod.

    Definitely excited if everybody gets the 8 gig!

  6. Josh says:

    Also curious how it was shipped.  UPS, USPS, etc?

    Edit of the above post.  I opened it August 28th…September 2nd was when my first deposit posted.

  7. Ian says:

    Hi, just wondering

    i got the ipod touch, r they going to give out the 2nd gen ipod touch?

  8. Joshua says:

    I got notification last night that my Nano had shipped via FedEx 2nd Day.  VERY excited that it’s likely to be a 4G model.  Hoping it’s not pink. 🙂

  9. Kirk says:

    I signed up in mid-August.

    I fulfilled the obligations on 10/28/08.

    Still have not received my iPod. Just called Key; they’re looking into it.

  10. Kirk says:

    Key said within 90 days from the date of fulfillment, so that puts me the end of January. Too late for Christmas, but….

  11. hawks12thman says:

    It seems that they ship it to you earlier than expected. I met requirements in mid-August and got it in late-November even though it was expected during mid-December. I got the iPod Touch and yes it is the 2nd generation iPod Touch. I absolutely love it! If they do it again this year, then I’ll probably do it again and sell it.

  12. Lisa says:

    I opened my account in August, and just got mine on Jan 12 via FedEx. It is the 8G, silver. So far I love it!

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