Old National Bank Bonuses: $50, $250, $450, $1200 Checking, Business, Referral Promotions (IL, IN, KY, MI, WI)

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

Update 7/31/24: The $450 checking bonus has been extended through 10/31/24. We’ve added a $1200 business checking and savings bonus valid through 9/30/24.

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 $450 Checking Bonus

Open a new checking account and earn a $250 or $450 bonus.

• What you’ll get: $250 or $450 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 $450 cash bonus:
    • Open an ONB Preferred or Everyday Checking account with a minimum deposit of $50 between 1/16/2024 and 10/31/2024 online or at any Old National banking center. Account must be opened for minimum of 120 days.
    • Complete at least 2 qualifying ACH direct deposits totaling $10,000 or more within the first 90 days of account opening.
    • The ONB Preferred or Everyday Checking account must be open with a balance greater than $0 and in good standing at the time the cash bonus is paid.
  • To qualify for the $250 cash bonus:
    • Open an ONB Preferred or Everyday Checking account with a minimum deposit of $50 between 1/16/24 and 10/31/2024 online or at any Old National banking center. Account must be opened for minimum of 120 days.
    • Complete at least 2 qualifying ACH direct deposits totaling $3,000 or more within the first 90 days of account opening.
    • The ONB Preferred or Everyday Checking account must be open with a balance greater than $0 and in good standing at the time the cash bonus is paid.

(Expires 10/31/2024)

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

Fine Print

• 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. 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. Deposits made by teller/ATM/mobile deposits, wire transfers, transfers between Old National accounts, external transfers from other accounts at other financial institutions, or Peer to Peer (i.e. Zelle, Venmo) transfers do not qualify. Limit one cash bonus per eligible checking account. In addition, limit one cash bonus regardless of the number of checking accounts opened. Recipient(s) (customer SSN) of cash bonus shall not be eligible to receive a cash bonus on any other checking account. The checking account must be open with a balance greater than $0 and in good standing at the time the bonus is paid. The cash bonus will be credited to the Old National personal checking account approximately within 120 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.

Old National Bank $1200 Business Checking Bonus

• What you’ll get: $1200 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:
  • $500 business checking bonus:
    • Open a Free Business Checking or Basic Business Interest1 Checking account.
    • Make 5 or more qualifying ACH direct deposits within 60 days of account opening.
      • To Earn $500: ACH direct deposits must total $10,000 or more.
      • To Earn $250: ACH direct deposits must total $5,000 or more.
    • Keep the account open for a minimum of 130 days from account opening.
  • $600 business savings bonus:
    • Open a Business Savings1 account.
    • Deposit required minimum deposit balance within 30 days of account opening.
      • To Earn $600: Deposit $50,000 or more
      • To Earn $300: Deposit $25,000 or more
    • Maintain the required minimum balance for days 31-120 from account opening.
  • Additional $100 bonus:
    • ​Open a qualifying Business Checking and Business Savings1 account on the same day.
    • Meet the qualifying requirements of both the Business Checking Bonus and Business Saving Bonus.

(Expires 09/30/2024)

Fine Print

• TO QUALIFY FOR THE BUSINESS CHECKING CASH BONUS OF UP TO $500: To earn the checking account bonus, new to business deposit customer must complete each of the following requirements. Open a Free Business Checking account or Basic Business Interest Checking account with a minimum deposit of $50 between 5/28/2024 and 9/30/2024, at any Old National banking center and complete the following: Required activities for $500 bonus: Complete at least 5 qualifying ACH direct deposits totaling $10,000 or more within the first 60 days of account opening. Required activities for $250 bonus: Complete at least 5 qualifying ACH direct deposits totaling $5,000 or more within the first 60 days of account opening. Qualifying ACH direct deposits include ACH credits. Deposits made by teller/ATM/mobile deposits, transfers between Old National accounts, wires, external transfers from other accounts at other financial institutions, or Peer to Peer (i.e. Zelle, Venmo) transfers do not qualify. The new Free Business Checking account or Basic Business Interest Checking account must be open with a balance greater than $0 and in good standing at the time the cash bonus is paid into the account, within 130 days after account opening. Limit one cash bonus per customer [Taxpayer Identification Number (TIN)/Social Security Number (SSN)] regardless of the number of checking accounts opened. Day 1 is the day the account is opened and tracking period begins. Recipient(s) (customer TIN/SSN) of cash bonus shall not be eligible to receive a cash bonus on any other business checking account.
• TO QUALIFY FOR THE BUSINESS SAVINGS CASH BONUS OF UP TO $600: To earn the savings account bonus, new to business deposit customer must complete each of the following requirements. Open a Business Savings account with a minimum deposit of $50 between 5/28/2024 and 9/30/2024, at any Old National banking center and complete the following: Required activities for $600 bonus: 1) Deposit $50,000 or more within 30 days of account opening 2) Maintain balance of at least $50,000 for days 31-120 of account opening 3) If the balance falls to $49,999.99-$25,000 anytime between days 31 and day 120, you will be eligible for the $300 cash bonus. Required activities for $300 bonus: 1) Deposit $25,000 or more within 30 days of account opening 2) Maintain balance of at least $25,000 for days 31-120 of account opening 3) If the balance falls under $24,999.99 any time between days 31 and day 120, you will not be eligible for the savings bonus. The new Business Savings account must be open with a balance greater than $0 and in good standing at the time the cash bonus is paid into the account, within 130 days after account opening. Limit one cash bonus per customer [Taxpayer Identification Number (TIN)/Social Security Number (SSN)] regardless of the number of savings accounts opened. Day 1 is the day the account is opened and tracking period begins. Recipient(s) (customer TIN/SSN) of cash bonus shall not be eligible to receive a cash bonus on any other business savings account.
• TO QUALIFY FOR THE ADDITIONAL $100 CASH BONUS: To earn the additional account bonus, new to business deposit customer must: Open a new qualifying business checking (Free Business Checking OR Basic Interest Checking) and Business Savings Account on the same day between 5/28/2024 and 9/30/2024 and meet the qualifying requirements of both the BUSINESS CHECKING CASH BONUS and the BUSINESS SAVINGS CASH BONUS. If both sets of qualifying requirements are met, the $100 cash bonus will be directly credited to the new Old National business checking account within 130 days after account opening Promotional offer is available only to new Old National Bank Business customers establishing a new business checking and/or business savings account for business purposes only. Offer is not available for Old National Bank business customers with an existing business deposit account, any business deposit accounts closed within the last 12 months, or Old National employees. Offer available to business accounts opened at any Old National banking center or account applications received at a designated non-branch office location. Bonus may be reported on IRS Form 1099-MISC. Old National reserves the right to extend or discontinue the offer at any time without notice.

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, Discover 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.