Free Apple 8 GB iPod Touch Checking Account Promotion at The Bryn Mawr Trust Company in PA

Update: This bank promotion has ended. For those who live in parts of New York, another bank is offering an iPod touch bank promotion that's scheduled to last through 9/30/2010.

The Bryn Mawr Trust Company is having a checking account promotion with a free Apple 8 GB iPod Touch. It requires opening a checking account with a minimum $250 and initiating direct deposit of payroll or government checks. This promotion doesn't seem to be listed at the bank's website. It was mentioned in this SlickDeals thread. I called the bank at 610-525-1700 and confirmed the special. Some details include:

• Offer valid till Feb 28, 2009
• direct deposits of payroll or government checks only
• Two direct deposits must be received by the bank by May 15, 2009
• $250 minimum initial deposit required
• $250 will be reported as interest to IRS
• Account must remain open for 1 year or else you'll be charged $250
• Available at all of their branches
• Required to come into a branch to pick up iPod

Amazon is currently listing the 2nd generation Apple iPod touch 8 GB at $225 and the 1st generation at $250. The CSR didn't know which one would be offered.

The Bryn Mawr Trust Company has branches in the suburbs of Philadelphia. The bank is FDIC insured (FDIC Certificate # 11866).