Posted by William Charles on December 5, 2018
Bank Account Bonuses

Published on December 5th, 2018 | by William Charles


[IN, KY & MI] Old National Bank $200 Checking Bonus

Update 12/5/18: Bonus has been extended until December 31st, 2018. Hat tip to reader John

Update 11/09/2018: Bonus is back and valid until November 30th, 2018. No targeted language or mailer required this time. Hat tip to reader AllAmericanAmy. Only available at select locations in IN, KY & MI this time (previously it was IL, IN, KY, MI, WI)

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: IL, IN, KY, MI, WI
  • Direct deposit required: Yes, $500+
  • Additional requirements: 10 debit card transactions
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Up to $500, can fund with American Express, Visa & Mastercard
  • Monthly fees: $6.95-$15, avoidable
  • Early account termination fee: $25, 180 days
  • Household limit: None mentioned
  • Expiration date: March 31st, 2018 August 31st, 2018 November 30th, 2018 December 31st, 2018

The Offer

Direct link to offer

  • Old National Bank is offering a $200 bonus when you open a new checking account and complete the following requirements within 75 days of account opening:
    • Make 10 purchases of $10 or more with your Old National debit card
    • Set up automatic direct deposits totaling $500 or more



The Fine Print

  • $200 bonus is available on new eligible checking accounts opened by November 30, 2018 with a minimum opening deposit of $50.
  • $200 bonus will be deposited into the checking account after automatic direct deposits totaling $500 or more AND 10 Old National debit card transactions of $10 or more (ATM withdrawals are not eligible) are received within 75 days of account opening. Account must be open and in good standing at the time the incentive is paid.
  • Bonus valid for ONB Everyday, ONB Preferred and ONB Classic. ONB Preferred and ONB Classic earn .01% Annual Percentage Yield (APY), accurate as of 6/8/2018, and may change after account is opened. Additionally, fees may reduce earnings on the account.
  • Offer available at Old National banking centers located in Clarksville, IN (1305 Veterans Parkway), Holland, MI (100 E 8th St Ste 100), Lexington, KY (110 W Vine St Ste 100) and the Indiana Counties of: Allen, Kosciusko, St. Joseph and Elkhart; and the Michigan County of Berrien.
  • Offer is not available for Old National associates or clients with an existing Old National checking account or checking accounts closed in the past 6 months (includes business, HSA and money market accounts).
  • Limit one bonus per calendar year, one per account and one per individual
  • . Not valid with any other Old National offer.
  • Old National reserves the right to discontinue this offer at any time.

Avoiding Fees

Easiest account to keep fee free is 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

You also need to opt for paperless statements otherwise a $3 fee applies. There is an early account termination fee of $25 if closed within 180 days.

Referral Bonus

For future reference, the referral bonus does stack.

Our Verdict

This is a good bonus, requirements aren’t that difficult to meet and $200 is one of the larger bonuses. In addition the best bonus Old National Bank has offered in the past was only $100 and required in branch opening. Definitely worth doing if you’re not that far from a participating branch. Will be adding it to the best checking promotions list.

Big thanks to reader, Theory who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

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Click “open account” and you fill out a form, they send you an email link. Waiting for an email back.

Might want to add that you can fund up to $500 with credit card. Shows amex, visa, and mastercard. I was able to use arrival + and coded as purchase

Crap, I openned this up after seeing reddit b/c no one mentioned the targetted language. Lesson learned, always wait for the DOC post

I wasn’t targeted. It worked anyways.

Title fix: I don’t think OH is eligible, and I know WI is eligible.

I’m not sure if this should be considered Targeted. As long as you’re in the eligible area, you can go to the public link, enter your email address to get an email, and that email contains a link to open the account. It said somewhere during the opening process to make sure to use the same email address as you used to get that email when opening the account to qualify for the bonus.

This bank is not ChexSystems sensitive. I have 20+ entries in mine (no negatives) and was able to open an account.

CC Funding up to $500 is allowed. I funded $500 with the Chase Southwest Plus, which coded as purchase.

I have a secure message in asking for a full fee schedule. I haven’t found anything about an ETF or a bonus clawback yet.

This was also posted to reddit, which has some additional discussion:

I see someone on the Reddit thread said that Wells Fargo ACH worked last year to trigger the bonus. I’ll give it a shot.

Were you targeted? If not, let me know if the bonus posts for you. The disclaimer says “MAILER OR EMAIL WITH OFFER MUST BE PRESENTED AT ACCOUNT OPENING TO RECEIVE THE BONUS”.

The email is what you get after you fill out their online form. I had to use Edge – Chrome didn’t work.

Chrome worked for me

I was targeted with a mailer but did not open it in branch, just went to the public /200 link and entered my email address to generate the email that I think that fine print is referring to, and used that to apply for the account. It said somewhere in the process to use the same email address to qualify for the bonus.

Also, the mailer I got was not in my name, but sent to my address (it was an “or current resident” mailer).

Up to $500 CC accepted (mine was Citi Double Cash – Mortgages/Institutions).
Not targeted, just entered email address (I had to do both Chrome and Edge and Edge worked).
Many chex inquiries.
Will post if bonus triggers. I’ll try several banks – looks like PNC worked in 2015.

Thanks for the heads up on the email thing, I had only used Chrome and was wondering why I hadn’t gotten an email yet…

Won’t work for OH. When trying to open online, OH is not among the scroll down list

Still have not received email. Used Edge, Chrome & Firefox browsers.

Try a phone or tablet?

Ohio is NOT in the dropdown box!!!!!!!!!

When you open link that they send you in an email, it will require you to enter zip code. Zip code need to fall within service range of there branch.

Interesting… I don’t think I’m anywhere near a branch and I was able to sign up.

I tried to fund the initial deposit with an American Express card (FNBO Amex), but it didn’t go through. I’d set the cash advance limit to $0, so I was wondering if that was why it didn’t work. Anyone successfully use an AMEX and have it code as a purchase?

Try a different card. Citi Double Cash coded as a purchase.

Amex didn’t gpo through for me, Chase freedom did.

Thanks for the confirmation, Sam. Ended up using my Bank of American Premium Rewards Visa and it went through fine.

I received an SM response that my account qualifies for the bonus. I opened online with the public link (generating an email) but I also was targeted via mail.

I also verified that there is an ETF of $25 if the account is closed within 180 days of opening.

Bonus posted 26 Feb. I had done the 10 amazon 50 cent transactions on 23 Feb, and had yet to do a direct deposit (but did fund the account with $500 via CC).

WI, and I was targeted, but applied online without the targeted flyer.

DP: Bonus pending. Wells Fargo push, 10 .99 Amazon movie rentals. Posted as soon as debit transactions cleared. Easy peasy.

I was not targeted – just filled out the online form and received the email. I’m in MI. Many chex inquiries.

Bonus cleared. Easy.


Applied online 2-13: $500 deposit with Citi DoubleCash (was not cash advance). I noticed the transaction on ONB said
“New account ACH deposit”

Activated card 2-21: bought 10 x $.50 Amazon gift card reloads.

Credit to my account 2-22: $200 Thank you gift

So my opening DoubleCash deposit satisfied the direct deposit requirement. Then bonus received day after my 10 debit card purchases. HIGHLY RECOMMEND!

Not targeted. Followed the email link above for an invitation, then clicked through the email to apply.

I live 20 miles west of chicago, not eligible. PNC here I come.

“Currently the information you have entered for eligibility does not qualify you to open an account with us. If you have any questions or believe we have reached this decision in error, please contact us at 1-800-731-2265 or via email at

use one of the branch location zip code to begin online application. Once you complete online application and upload documents, you will receive debit card and first statement in mail. You can try online register within few days of online submission.
BTW, you can fund $500 by CC. PNC transfer has triggered bonus for me.

mich obliged

Use one of Rockford ZIP Codes on the First/Initial Page where it asks for your ZIP Code. Then in the Actual Application, use your Real Address.

That’s what I did. I live in Chicago.


Citibusiness Aadvantage $500 coded as purchase, will update more once/if I get the bonus

CC funding counted as DD. Did 10 Amazon .50 reloads yesterday (3/5), bonus pending as of today (3/6). Super easy!

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