Old National Bank, $800 Business Checking Bonus (IL, IN, KY, MI, MN, WI)

June 8, 2021

Old National Bank $800 Business Checking Bonus

Old National Bank has a great new bonus for business checking accounts. You can earn $500 and they also have some extra services that you can sign up for, for a maximum bonus of $800. This Old National Bank business checking bonus is limited to only six states, IL, IN, KY, MI, MN and WI. You need to go into a branch to open the account.

Offer

Open an eligible business checking account: Free Business Checking (not available in WI), Essential Business Checking (only available in WI), or Business Partner Checking and make a qualifying deposit within the first 30 days. Maintain that deposit for the next 60 days and earn your reward.

$200 bonus: Account Current Balance of $5,000 on day 30 AND maintain that balance for an additional 60 days (days 31-90)
$350 bonus: Account Current Balance of $15,000 on day 30 AND maintain that balance for an additional 60 days (days 31-90)
$500 bonus: Account Current Balance of $25,000 or more on day 30 AND maintain that balance for an additional 60 days (days 31-90)

Current Balance will be based on the end of the 30th calendar day the account is open; and for the next 60 calendar days (days 31-90); and will be determined using Old National’s Funds Availability Policy.

Earn even more when you add these services. I doubt they’re worth it just for the bonus, but might be something that you are looking for in your business account. You get $100 bonus for each one of these:

ONB Express Deposit
Merchant Services
Business Credit Card

The qualifying bonus(es) will be credited to your Old National business checking account within 45 days from the end of the month in which you complete all offer requirements. Bonus may be reported on IRS Form 1099-INT.

Eligibility

This offer is only available to residents of IL, IN, KY, MI, MN, WI.
Offer is not available for clients with an existing Old National business checking account or business checking accounts closed on or after January 1, 2019
Limit one bonus per TIN/SSN.

Fees

Free Business Checking has no fees.

Old National Bank $800 Business Checking Bonus: Guru’s Wrap-Up

A good bonus for those in eligible states, but not as good as the $1,100 offer we have seen in the past. If you deposit your money close to day 30, you only need to maintain the balance in the account for about two months. The best APY is with the $200 bonus, but you still get a good return even with the $500 bonus, so that’s the one I would go with. The Free Business Checking account has no fees so you have nothing to worry about.