Old National Bank Bonuses: $50, $300, $500, $600 Checking, Business, Referral Promotions (IL, IN, KY, MI, WI)

Find the latest Old National Bank promotions, bonuses, and offers here.

Update 2/13/26: There is now a $600 checking bonus good through 6/30/26 and a $800 business checking bonus good through 6/30/26.

About Old National Bank Bonuses Review

Old National is a top 100 US bank that serves clients and communities in Indiana, Kentucky, Michigan, Minnesota and Wisconsin. They provide extensive services in retail and commercial banking, investments, brokerage and wealth management.

I’ll go over the Old National Bank bonuses & offers below.

Old National Bank $600 Checking Bonus

Open a new checking account and earn a $300 or $600 bonus.

• What you’ll get: $300 or $600 bonus
• Eligible account: Checking
• Where it’s available: IL, IN, KY, MI, WI
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: $6.95-$15, avoidable
• How to earn it:
  • To qualify for the $600 cash bonus:
    • Open an ONB Preferred Checking or an ONB Everyday Checking account
    • 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 balance greater than zero at the time of bonus processing
    • Enjoy your bonus payout
  • To qualify for the $300 cash bonus:
    • Open an ONB Preferred Checking or an ONB Everyday Checking account
    • 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 balance greater than zero at the time of bonus processing
    • Enjoy your bonus payout

(Expires 06/30/2026)

Editor’s Note: Here’s an alternative link to the offer.

Fine Print

• 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 6/30/2026 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.
• The bonus may be taxable and may be reported on IRS Form 1099. Please consult your tax advisor regarding any tax consequences associated with the bonus. Old National Bank nor their employees provide tax advice. 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.
• Old National reserves the right to extend or discontinue offer at any time without notice. Not valid with any other Old National checking account offers. Old National Bank reserves the right, in its discretion, to disqualify any account and withhold the promotional bonus if Old National Bank determines that the account was established for the purpose of exploiting the promotional offer or otherwise constitutes promotional abuse.

Old National Bank $800 Business Checking Bonus

• What you’ll get: $800 Bonus
• Eligible account: Business Checking
• Where it’s available: IL, IN, KY, MI, WI
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: $0-$20
• How to earn it:
  • Open a new Access Business Banking or Pro Access Business Banking Account.
  • Deposit a total of $20,000 or more within 30 days of account opening.
  • Maintain a minimum balance of $20,000 for days 31-90 of account opening.
  • Log In to Digital Banking. Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening.
  • After successful completion, you’ll enjoy your bonus within 120 days of account opening. Must have a balance greater than zero at the time of bonus processing.

(Expires 06/30/2026)

Fine Print

• To earn the checking account bonus, new to business deposit customer must open an Access Business Banking Checking account or Pro Access Business Banking Checking account with a minimum opening deposit of $100 between 2/3/2026 and 6/30/2026, at any Old National banking center and complete the following:
• To qualify for $800 Cash Bonus: Deposit a total of $20,000 or more within 30 days of account opening. Maintain a balance of $20,000 or more during days 31-90 of account opening. Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening. Maintain a positive account balance at the time of bonus processing.
• To qualify for $400 Cash Bonus: Deposit a total of $4,000 or more within 30 days of account opening. Maintain a balance of $4,000 or more during days 31-90 of account opening. Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening. Maintain a positive account balance at the time of bonus processing.
• The qualifying minimum deposits must be made to the new account within 30 calendar days of account opening. Deposits can be made on a one-time basis or cumulatively over the 30-day period. On the 30th calendar day following account opening, the account will be reviewed to confirm satisfaction of the required deposit balance. If the 30th calendar day falls on a non-business day, the review will occur on the next business day. Qualifying deposits include teller/ATM/mobile deposits, wires, and external transfers from accounts at other financial institutions. Deposits made by transfers between Old National accounts do not qualify.
• The qualifying required balance of $20,000 or $4,000 must be maintained during day 31-90 of account opening. During the period beginning on the 31st day and ending on the 90th day following account opening, the account will be reviewed daily to confirm that the minimum required balance is maintained.
• Enrollment in, and login to, the Small Business Digital Banking platform must occur with respect to the new account within 30 calendar days following account opening. Enrollment in, or use of, Consumer Digital Banking, OnPoint Essentials, or OnPoint Treasury is not included in the qualifying activity.
• After successful completion of the qualifying requirements, the cash bonus will be paid into the new Access Business Banking Checking account or Pro Access Business Banking Checking account between the 100th and 120th 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. Accounts that are closed, restricted, have a zero or negative balance at the time of bonus processing are not eligible to receive the bonus.
• The bonus may be taxable and may be reported on IRS Form 1099. Please consult your tax advisor regarding any tax consequences associated with the bonus. Old National Bank nor their employees provide tax advice.
• Limit one cash bonus per customer [Taxpayer Identification Number (TIN)/Social Security Number (SSN)/Employer Identification Number (EIN)] regardless of the number of checking accounts opened. Recipient(s) (customer TIN/SSN/EIN) of cash bonus shall not be eligible to receive a cash bonus on any other business checking account at Old National Bank. If multiple accounts are opened with the same signers, only one account will be eligible for the bonus. Promotional offers are available only to new customers establishing a business checking account for business purposes, and existing Old National Bank customers who do not currently have and have not previously had in the past 36 months, a business deposit relationship with Old National Bank. Promotional offers are not available to current Old National Bank business customers, including any individual who is an owner, joint owner, or authorized signer on an existing business deposit account; any business that has closed a business deposit account within the past 36 months; any customer who has received a promotional bonus within the past 36 months; or Old National Bank employees.
• Old National reserves the right to extend or discontinue offer at any time without notice. Not valid with any other Old National checking account offers. Old National Bank reserves the right, in its discretion, to disqualify any account and withhold the promotional bonus if Old National Bank determines that the account was established for the purpose of exploiting the promotional offer or otherwise constitutes promotional abuse.

Old National Bank $50 Referral Bonuses

Earn a $50 bonus when you refer friends and family to open a new Checking Account.

• What you’ll get: $50 Bonus
• Eligible account: Checking
• Credit Inquiry: Soft Pull
• Where it’s available: IL, IN, KY, MI, WI
• Direct Deposit Required: Yes
• Monthly Fee: $0-$7.95; waivable
• How to earn it:
  • Get a $50 Visa Reward Card when your friend opens a new, eligible Old National checking account AND completes the following within 60 days of account opening:
    • Completes ten (10) debit card transactions (ATM withdrawals excluded) AND
    • Has one (1) or more direct deposits totaling at least $500
    • Once your friend completes the program requirements, you will BOTH receive a $50 Visa Reward Card!

(Limited time offer)

Fine Print

• Account must be open and in good standing at the time of qualification to receive the Reward Card.
• Referrers may earn up to ten (10) Reward Cards ($500 value) within a calendar year by registering and referring their friends or family.
• Within 4 to 6 weeks of the Referee completing all requirements, Reward Cards will be mailed to both the Referrer and Referee.
• Bonus may be reported on IRS Form 1099-INT.
• Old National reserves the right to discontinue this offer at any time.

Old National Bank $700 Business Checking Bonus (Expired)

Old National bank is offering up to $700 business checking bonus when you meet certain requirements.

• What you’ll get: $700 Bonus
• Eligible account: Business Checking
• Where it’s available: IL, IN, KY, MI, WI
• Credit Inquiry: Soft Pull
• Direct Deposit Required: No
• Monthly Fee:
• How to earn it:
  • To qualify for the checking account bonus:
    • Open a Small Business Checking or Business Partner Interest Checking with a minimum deposit of $50 on or before Dec. 30, 2022. Offer available to accounts opened at any Old National banking center, accounts opened online are not eligible, AND
    • Deposit minimum balance requirement by end of 30th calendar day following the account opening date and maintain current daily balance requirement for days 31-90. To earn the $200 bonus, deposit and maintain $5,000 – $14,999.99; to earn the $350 bonus, deposit and maintain $15,000-$24,999.99; to earn the $500 bonus, deposit and maintain $25,000 or more. Current Balance will be based on the end of the 30th calendar day the account is open; and for the next 60 calendar days (days 31-90); and will be determined using Old National’s Funds Availability Policy
  • To qualify for additional $100 Cash Bonuses (up to an additional $200), client must qualify for checking account bonus AND within 90 days of account opening:
    • $100 Merchant Services Bonus: execute a signed service agreement for Merchant Services and complete at least one merchant deposit into the business checking account. Monthly and transaction fees for Merchant Services apply; credit- and debit-card acceptance service is subject to credit approval by Elavon, a third-party service provider.
    • $100 Credit Card Bonus: be approved for a new Small Business or Commercial Credit Card. Small Business and Commercial credit cards, subject to credit approval, are issued by First Bankcard ®, a division of First National Bank of Omaha, pursuant to a license from Visa U.S.A., Inc. VISA is a registered trademark of Visa International Service Association and used under license. New credit card owners Tax Identification Number (TIN) must match TIN/SSN on new checking account to qualify.

(Expires 12/30/2022)

Fine Print

• Offer is not available for clients with an existing Old National business checking account, business checking accounts closed on or after June 1, 2021, or clients that have previously received a business checking bonus payout. Additional bonuses available for new services and cards only. Other restrictions may apply, see bank for details. Limit one bonus per category per TIN/SSN. Account must be open and in good standing at the time the incentive is paid. The qualifying bonus(es) will be credited to your Old National business checking account within 165 days from account opening. Bonus may be reported on IRS Form 1099-MISC. Old National reserves the right to discontinue offer at any time. Not valid with any other Old National offer.

How To Avoid Monthly Fees

• ONB Preferred Checking: $15 monthly fee waived when you:
  • Maintain a minimum daily balance of $5,000 or
  • Maintain a combined balance of $25,000 in checking, savings, money market accounts, CDs, lines of credit or loans
• ONB Everyday Checking: $6.95 monthly fee waived when you:
  • Have a total of $500 in direct deposits each month or Maintain a minimum daily balance of $750 or
  • Maintain a combined balance of $1,500 in checking, savings or money market accounts or
  • Are an active member of the US Military
• ONB Classic Checking: $7.95 monthly fee waived when you:
  • Maintain a minimum daily balance of $750 or
  • Maintain a combined balance of $5,000 in checking, savings or money market accounts
• ONB Student Checking: No monthly fee
• Free Business Checking: No monthly fee
• Small Business Checking: Daily balance requirement is $5,000. Otherwise, a $20 monthly service charge applies.
• Business Partner Interest Checking: Maintain $10,000 average balance in key account or $20,000 in combined checking, savings, or money market. Otherwise, a $20 monthly service charge applies.
• Non-Profit Business Checking: No monthly fee

Conclusion

Make sure you check out Old National Bank to learn more about the referral promotion. This is a great and easy bonus for you to earn, and with a few requirements, there’s no reason why you shouldn’t go for it!

CD accounts or Savings Accounts are also another great way to earn and save money. If you are interested, check out our nationwide lists here:

• Best Savings/Money Market rates
• Best CD Account rates

If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

Feel free to comment below and let us know about how it went. We value your feedback and will continue to keep you posted on the latest bank offers nationwide.

*Check back on this page for updated Old National Bank promotions, bonuses, and offers.