Old National Bank Checking Account Bonus
Old National Bank is offering a new bonus of up to $650. The offer is available in IA, IL, IN, KY, MI, MN and WI only and you can open the account online. A direct deposit is also required for this offer. Let’s see the details below.
How To Earn This Bonus
Here are the details on how you can earn a $650 or $300 bonus:
- Earn $650:
- Open an ONB Everyday or Preferred Checking account with a minimum deposit of $50.
- Complete the following qualifying activities within first 90 days from account opening:
- Make qualifying direct deposits totaling at least $3,500 per month to the new account for 3 consecutive calendar months.
- 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 $300:
- Open an ONB Everyday or Preferred Checking account with a minimum deposit of $50.
- Complete the following qualifying activities within first 90 days from account opening:
- Make qualifying direct deposits totaling at least $1,000 per month to the new account for 3 consecutive calendar months.
- 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.
The qualifying minimum direct deposits must be made to the new account for 3 consecutive calendar months beginning in the calendar month following the calendar month in which the new account was opened
Are You Eligible?
- This offer is available in IA, IL, IN, KY, MI, MN, WI.
- Offers are not available for customers with an existing Old National personal checking account (including owners on joint accounts), personal checking accounts closed within the last 12 months, has been paid an ONB personal checking promotional bonus in the past 12 months 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, and it’s much higher than the previous $450 bonus. But the amount you need to deposit is quite high and you need to do it for three consecutive months. For the maximum bonus of $650 you need to have monthly direct deposits of $3,500 or more for three months. You also need to have a balance of $5,000 or more to avoid the $15 monthly fee on the ONB Preferred Checking account.
The offer is available in seven states only, and you can open accounts online and in-store.
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.
Link & Key Details
- OFFER PAGE
- Bonus: $650/$300
- Account Type: ONB Preferred/Everyday
- Availability: IA, IL, IN, KY, MI, MN, WI
- Type of Inquiry: Soft Pull (Don’t select the overdraft protection)
- Direct Deposit Requirement: $3.5K for 3 months (see what works)
- Other Requirements: No
- Credit Card Funding: Up to $500
- Early Account Closing Fee: $25 if closed within 180 days
- Expiration Date: 6/2/25
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