New customers are limited to Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, and Wisconsin.
Requirements
- Open an ONB Preferred or Everyday Checking account with a minimum deposit of $50 online or at any Old National Banking center. Account must remain open for at least 120 days.
- Receive at least 2 qualifying ACH direct deposits totaling $10,000 or more within the first 90 days of account opening ($450).
- Complete at least 2 qualifying ACH direct deposits totaling $3,000 or more within the first 90 days of account opening ($250).
- The cash bonus will be credited to the Old National personal checking account approximately within 120 days from account opening. The checking account must have a balance greater than $0 and remain in good standing.
How to waive fees
(ONB Everyday)
Enrollment into eStatements AND
$500 in monthly direct deposits OR
$750 minimum daily balance OR
Combined daily balance of $1,500 across all checking, savings, and money markets accounts OR
Be active-duty military personnel.
(ONB Preferred)
$5,000 minimum daily balance OR
$25,000 combined daily balance across all checking, savings, money market accounts, Certificates of Deposit, or loans with similar ownership.
Additional Terms and Conditions
Qualifying ACH direct deposit includes electronic direct deposits of a paycheck, pension payment, social security payment or other government benefits payment deposited into the checking account from an employer, a government agency, or other similar third-party organization.
Bonus may be reported on IRS Form 1099-MISC.
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 120 days, or Old National employees.