Basically there are two offers as follows:
Citibank $200 offer
Min. Deposit: $1,500 in a Regular Checking Account

Tier 1 Req.: 2 Bill Payments for 3 Months, Receive $100

Tier 2 Req.: 2 Bill Payments for an additional 12 Months, Receive $100
Notes: Each Billpay has to be more than $20 each.

Second offer is ipod shuffle which is
Min. Deposit: $1,500 in an EZ Checking Account

Tier 1 Req.: 2 Bill Payments within 1st Month, Receive iPod Shuffle 512MB (or equivalent) within 90 days.

Tier 2 Req.: Continute 2 Bill Payments for 12 Months total, Obligations for free iPod complete.

Thoughts: An EZ Checking account has a $1,500 minimum balance requirement otherwise they will charge you fees. If you're paying small bills (that won't be more than $1,000 over 12 months, then depositing the minimum of $2,500 will be enough. Also, an iPod Shuffle retails at Amazon.com for only $99.99 so it might be worth it to do the $200 promotion and just buy your own Shuffle