[IA, IL, IN, KY, MN, WI, TN & MI] Old National Bank $300/$650 Checking Bonus

Extended to 10/31/25

Extended to 6/2/25

Update 2/2/25: Bonuses are now $300 and $650 (increased from $250 and $450)

Update 11/4/24: Extended to 1/31/2025

Update 9/11/24: Everyday account works for $450 bonus, making it better.

Update 7/28/24: Extended until 10/31/2024

Update 6/16/24: Extended until 7/31/2024.

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:
    • $650 bonus when you open a new ONB Preferred checking account and complete the following requirements within 90 days of account opening:
      • Make qualifying direct deposits totaling at least $3,500 per month for 3 consecutive calendar months after account opening
    • $250 bonus when you open an ONB Everyday checking account and complete the following requirements within 90 days of account opening:
      • Make qualifying direct deposits totaling at least $1,000 per month for 3 consecutive calendar months after account opening
      • 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:
    William Charles
  • On February 2, 2025, 22:15
Tags: direct deposit requiredin bank bonusesky bank bonusesmi bank bonusesmn bank bonusessoft pull

View Comments (588)

  • An update to my original comment

    I did get paid the bonus on 6/12. I decided to pull the $5k balance out in April and just eat the service fee, which I was charged in April, May, June, and July.

    Once I got the bonus on 6/12 and subsequently transferred it out, the only activity on my account was a service fee charged 7/11. I called today, 8/4, to close the account, as it has now been 6 months since being opened and should be safe from clawback. The representative informed me my account was already closed. Something about because of the repeated service charges that they decided to close it.

    Unsure if this will result in a clawback of the bonus, but I have not been charged an early termination fee (as of yet) presumably because they initiated the closing. Figured I'd share the DP.

  • I thought I woud not get the bonus since I messed up the second DD by transferring using Schwab checking that leads to a "P2P" transfer. Out of desperation I made an additional transfer from Schwab Brokerage on a fourth month. Somehow I still get the bonus - either the Schwab checking transfer counts despite shown as "P2P" or the counting window is more generous so that the fourth transfer counts.

    3/26 Open in branch
    4/1 Schwab Brokerage $3500
    5/6 Schwab Checking $3500 - This was an accident. Shown as "P2P Transfer"
    6/2 Schwab Brokerage $3500
    7/8 Schwab Brokerage $3500
    7/28 "Incentive Promotional Offer"

  • BONUS POSTED TODAY

    3500 of real DDs May, June, and July
    7/29/25 - $650 bonus posted!!

    • Same for me!

      Real DD for $1001, Schwab Brokerage Transfer for $2501 for March, April, May and June.
      $650 bonus posted 7/29/25

  • Can we update the post, you can complete the 450 bonus with the everyday checking, at least according to TOS

  • Did any get their account suspended after trying to transfer the money out? Called customer service and the rep told me the suspension was permanent, and I should just go to a branch and write myself a check. wtf??

  • I hate the terms on this one, did the $650 promo.
    Opened with $500 deposit 4/22 then $1800 real DD
    5/9 & 5/23
    6/6 & 6/20
    7/3 & 7/18

    I believe I can swap my DD to another promo, but that puts me at 3 months at $3500+ starting the month after I opened it. Anyone willing to confirm? Guessing it will pay out next month?

  • Online, MI -- Haven't opened any new accounts in a couple of months, so I gave ONB my 8th try. Still denied with Chex 829: 0/30, 0/2, 1/3, 6/6, 13/12, lol/24. Is this the most long-term Chex-sensitive bank on here? May try the route of getting a CD first; I think it was US Bank that I had to do that with. I also had tried going to ONB in-branch in 2023 with no luck; but I might try that again soon.

  • Help needed.

    Opened the account on 3/18 for the offer $650 and received a real DD of 3700+ on March 31, April 30, and May 30. Read the post below and the offer terms and realize it needs to receive DD for three consecutive months "AFTER" the account opening month...which means I missed the June deposit...oh no...is there any chance I could still get the $650? I've just changed the payroll to this account again, and I hope July DD can help as well...

    • Probably not, but since you used real DDs you can call and ask about it. They might be willing to make an exception if you can convince them you tried to meet the intent of the offer but got confused on the timing.

      • Thank you so much…it’s quite confusing of three consecutive months after the account opened and how they define the starting month…

        Just called, the entry level agent said to wait 120 days + 1 week or so without checking my deposit date details. Decided to wait and call them again later this month since the account was opened 3/18 and the “beg” for understanding…

      • Thank you so much…it’s quite confusing of three consecutive months after the account opened and how they define the starting month…

        Just called, the entry level agent said to wait 120 days + 1 week or so without checking my deposit date details. Decided to wait and call them again later this month since the account was opened 3/18 and the “beg” for understanding…

  • I was previously denied online while lol/24 and I attempted in branch to the same effect. The banker’s demeanor instantly changed from friendly and bubbly to awkward once her computer pulled up the Chex section lol. I don’t think she could make the decision on her own and she was basically just relaying the system’s decision.

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