Old National Bank, Up to $450 Bonus with New Checking Account (Select States)

January 16, 2024

Old National Bank Checking Account Bonus

Old National Bank is offering a new bonus of up to $450. The offer is available in IA, IL, IN, KY, MI, MN and WI only. You can open the account online. A direct deposit is required for this offer, with a total of either $3,000 or $10,000 for the maximum bonus. Let’s see the details below.

How To Earn This Bonus

Here are the details on how you can earn a $450, or a $300 bonus:

Earn $450:
- Open an ONB Preferred checking account and keep open for a minimum of 120 days.
- Complete the following qualifying activities within first 90 days from account opening:
  - Make 2 or more ACH direct deposits totaling $10,000 or more
  - Enroll and log in to online or mobile banking
- The ONB Preferred Checking account must be open with a balance greater than $0 and in good standing at the time the cash bonus is paid.
Earn $250:
- Open an ONB Everyday checking account and keep open for a minimum of 120 days.
- Complete the following qualifying activities within first 90 days from account opening:
  - Make 2 or more ACH direct deposits totaling $3,000 or more
  - Enroll and log in to online or mobile banking
- The ONB Everyday Checking account must be open with a balance greater than $0 and in good standing at the time the cash bonus is paid.

Are You Eligible?

This offer is available in IA, IL, IN, KY, MI, MN, WI.
Offers are not available for clients with an existing Old National personal checking account (including owners on joint accounts), personal checking accounts closed within the last 90 days, or Old National employees.
Limit one cash bonus per eligible checking account. In addition, limit one cash bonus regardless of the number of checking accounts opened.

Account Fees

ONB Preferred Checking Monthly Service Charge: $15 or $0 if you:

Maintain a $5,000 daily balance OR
Maintain a $25,000 combined minimum daily balance in other checking, savings, money market accounts, CDs, or loans with similar ownership

ONB Everyday Checking Monthly Service Charge: $6.95 or $0 if you:

Maintain $500 in direct deposits each month OR
Maintain a daily balance of $750 OR
Maintain a combined daily balance of $1,500 in checking, savings or money market accounts OR
Active-duty military personnel

Guru’s Wrap-Up

This is a good offer if you can easily switch your direct deposit. But the amount you need to deposit is quite high. For the maximum bonus of $450 you need to have two or more ACH direct deposits totaling $10,000 or more. You also need to have a balance of $5,000 or more to avoid the $15 monthly fee on the ONB Preferred Checking account.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.