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[IA, IL, IN, KY, MN, WI & MI] Old National Bank $250/$450 Checking Bonus


Update 1/16/24: Deal is back for 1/16 – 5/31 (ht Churnbaby)

Update 11/1/23: extended until 11/30/2023

Update 9/6/23: Deal has been extended until  10/31/2023. $300 checking bonus is now $250.

Update 6/24/23: Extended until 7/31/23.

Update 6/1/23: Extended until June 30.

Update 4/3/23: Now available in IA & IL now.

Update 3/29/23: Extended until Extended to 4/30.

Offer at a glance

The Offer

Direct link to offer

  • Old National Bank is offering a $450 and $300 checking bonus. Bonuses are as follows:
    • $450 bonus when you open a new ONB Preferred checking account and complete the following requirements within 90 days of account opening:
      • Make 2 or more ACH direct deposits totaling $10,000 or more
      • Enroll and log in to online or mobile banking
    • $250 bonus when you open an ONB Everyday checking account and complete the following requirements within 90 days of account opening:
      • Make 2 or more ACH direct deposits totaling $3,000 or more
      • Enroll and log in to online or mobile banking

The Fine Print

  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

ONB Everyday ($300 Bonus)

ONB Everyday, this has a $6.95 monthly fee that is waived if you do any of the following:

  • Have a total of $500 in direct deposits each month
  • Maintain a minimum daily balance of $750
  • Maintain a combined balance of $1,500 in checking, savings or money market accounts
  • Are an active member of the US Military

ONB Preferred ($450 Bonus)

This account has a $15 monthly fee. This is waived if you do any of the following:

  • 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

Early Account Termination Fee

Account needs to be kept open for 120 days.

Our Verdict

Previously best offer was a $200 bonus. Bit annoying to keep the $450 bonus account keep fee free, but worst case scenario you can just do the $300 bonus instead. We will add this to our list of the best bank account bonuses.

Hat tip to reader Igor

Useful posts regarding bank bonuses:



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