Free iPod mini w/Citibank EZ Checking account (updated)

A reader notes that Citibank has extended its offer for a free iPod mini when you sign up for a Citibank EZ Checking account. To qualify for this promotion, you must fund your new account with a minimum of $2,500 and pay two bills online (a free service). You must continue paying two bills per month online for a full year; otherwise, you'll be charged $249.99 for the iPod. Citibank chooses the color (blue or silver). Offer ends February 28. Update: A service fee will apply unless you either enroll in Direct Deposit or maintain an account balance of $1,500 or more.