Deal has ended, view more bank account bonuses by clicking here.
Reposting this as we now know it’s a soft pull to open.
Offer at a glance
- Maximum bonus amount: $100
- Availability:Â Account must be opened in branch (branch locator here). They have branches in the following states: IL, IN, KY, MI, OH
- Direct deposit required: $500+
- Additional requirements: None
- Hard/soft pull: Soft
- Credit card funding: Unknown
- Monthly fees: $3, waivable
- Early account termination fee: $25, 180 days
- Expiration date: December 31st, 2015
The Offer
- Receive a sign up bonus of $100 when you open a new checking account with Old National Bank (ONB) and receive direct deposits totaling $500+. Account must be opened in branch (branch locator here)
The Fine Print
- Offer is not available to existing Old National Checking customers, or to those with an Old National checking account that has been closed within the last 6 months
- Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year
- Automatic direct deposits totaling $500 or more must be received within 60 days of account opening to receive the bonus
- The cash bonus will be deposited into the checking account within 30 business days after receipt of the aggregate $500 direct deposit or more
- The $100 cash bonus offer is valid for ONB Advantage, ONB Everyday, ONB Preferred, ONB Classic, ONB Ultimate Advantage and ONB Student checking accounts
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
The best way to avoid fees is to open the Every Day checking account which has a monthly fee of $3 and this is waived if you opt for paperless statements. There is an early account termination fee of $25.
Our Verdict
It’s difficult to know if this deal is worth doing or not due to the fact that we don’t know if it’s a hard or soft pull and what counts as a direct deposit. You need to open the account in branch so you should be able to ask if it’s a hard or soft when you do that.
Please share your experiences with this bonus in the comments below. You can view a list of bank bonuses we recommend here and a complete list here.
Direct link to offer | Screenshot of offer
Hat tip to Don L
