Want to win $1000? Well, you can if you live in the Seattle area and your iPhone bandwidth speeds are faster than T-Mobile’s new flagship Android smartphone, the Samsung Galaxy S 4G.

T-Mobile is publicly challenging all iPhone owners (Verizon and AT&T) in the Seattle area to a speed test against the T-Mobile Galaxy S 4G. T-Mobile states that if any iPhone user in that area is able to beat the Galaxy S 4G in a speed test, they will reward them with a $1,000 cash prize.
Beware though. While it may look like an easy task, the T-Mobile Samsung Galaxy S 4G is an 4G (HSPA+) handset that is capable of speeds up to an amazing 21Mbps. The iPhone 4 on the other hand is only capable of max download speeds up to 7.2Mbps (both AT&T and Verizon).

The challenge begins tomorrow, April 29, and ends Sunday, May 1st.  If your iPhone beats the Galaxy S 4G in two of three speed tests, you will walk away with $1000 in your pocket.
The challenge will take place at participating T-Mobile stores in the Seattle area. Hit the jump below for the full details, courtesy of T-Mobile.

[T-Mobile]