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Personal Bank Account

Old National Bank

Bonus

$600

APY

0.01%

Monthly Fee

$7/mo (waivable)

To Qualify

$12,000 Direct Deposit for four consecutive months

Availability

IA, IL, IN, KY, MI, MN +3

Expires

10/30/2026

View Offer

Bonus Details

$600 bonus or $300 bonus depending on direct deposit amount

How To Qualify

Open an ONB Everyday or Preferred Checking account with $50. Receive at least 3 qualifying recurring employer or government direct deposits totaling $12,000 for $600, or $3,500 for $300, within four calendar months including the opening month. Keep the account open, unrestricted and above $0 through bonus payment, 121–140 days after opening.

APY Details

Preferred Checking pays a variable 0.01% APY on all balance tiers, quoted as of February 1, 2025. Fees may reduce earnings.

The Fine Print

Monthly Fees
$7
Account Type
Personal Bank Account
Expiration Date
10/30/2026
Additional Requirements
Existing personal checking customers, including joint-account signers, are ineligible. You must not have closed an Old National personal checking account or received a personal checking promotional bonus within the past 36 months. Closing within 180 days costs $25.
Availability
Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, North Dakota, Tennessee, Wisconsin

Available at any Old National banking center. Online opening is limited to residents of IA, IL, IN, KY, MI, MN, ND, TN and WI.

Monthly Fee Details

Everyday: $6.95/month; waived with $500 monthly direct deposits, $500 daily balance, $1,500 combined daily checking/savings/money-market balances with similar ownership, active-duty military status, or 15 posted debit purchases per statement cycle. Paper statements cost $3; eStatements are free. Preferred: $15/month; waived with $5,000 daily balance or $25,000 combined minimum daily balances in other checking, savings, money-market, CDs or loans with similar ownership. Statements are free.

Early Account Closure Fee

$25 fee charged if closed within 180 days.

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

* TO QUALIFY FOR THE CONSUMER CHECKING CASH BONUS OF UP TO $600: To earn the checking account bonus, the customer must be new to personal checking and open an ONB Everyday or Preferred Checking account with a minimum deposit of $50 between 2/3/2026 and 10/30/2026 at any Old National banking center or online (online account opening available to applicants residing in Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, North Dakota, Tennessee, or Wisconsin) and complete the following: TO QUALIFY FOR $600 CASH BONUS: Make 3 or more qualifying direct deposits totaling at least $12,000 into the new account within the first four months of account opening. Maintain a positive account balance at the time of bonus processing. TO QUALIFY FOR $300 CASH BONUS: Make 3 or more qualifying direct deposits totaling at least $3,500 into the new account within the first four months of account opening. Maintain a positive account balance at the time of bonus processing. The qualifying 3 or more ACH direct deposits must be made to the new account within the first four months of the new account being opened ("Qualification Period"). For example, if the account was opened in February, the four-month qualification period would be February, March, April, and May. Qualifying ACH direct deposits include recurring electronic direct deposits of a paycheck, pension payment, social security payment or other government benefits payment deposited into the checking account from an employer or government agency. Deposits made by teller/ATM/mobile deposits, micro-deposits, online and mobile banking transfers, wire transfers, debit card transfers, transfers between Old National accounts, external transfers from other accounts at other financial institutions or brokerages, or Peer to Peer (i.e. Zelle, Venmo) transfers do not qualify as a qualifying direct deposit. After successful completion of the recurring qualifying ACH direct deposit requirement, cash bonus will be credited into the new ONB Everyday or Preferred Checking account between the 121st and 140th day after account opening. Eligibility for the bonus requires that the account be open and maintain a balance greater than $0 at the time the bonus is credited, which will occur between the 121st and 140th day after account opening. Accounts that are closed, restricted, have a zero or negative balance at the time of bonus processing are not eligible to receive the bonus. Limit one cash bonus per customer [Taxpayer Identification Number (TIN)/Social Security Number (SSN)] regardless of the number of checking accounts opened. Recipient(s) (customer TIN/SSN) of cash bonus shall not be eligible to receive a cash bonus on any other Old National personal checking account. Promotional offers are not available for customers with an existing Old National Bank personal checking account (including owners; signers on joint accounts), personal checking accounts closed within the last 36 months or have been paid on an Old National personal checking promotional bonus in the past 36 months or Old National Bank employees. Not valid with any other Old National checking account offers. 1 ONB Preferred Checking is an interest-bearing account, the interest rate and annual percentage yield may change. The current Annual Percentage Yield [APY] for ONB Preferred Checking accounts accurate as of 2/1/2025 is 0.01% on account balances in all balance tiers.

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