Available to residents in Indiana, Kentucky, Minnesota and Michigan, Old National Bank is offering a $450 welcome bonus when you open a new Everyday or Preferred Checking account and set up direct deposit. The total direct deposit requirement amount to earn the highest bonus is a little steep at $10,000; however, if you can swing it, it's a solid deal. Have a lower direct deposit? You can complete 2 direct deposits of $2,000 instead.
How To Earn The Bonus
The Old National Bank Personal Checking promotion requires you to set up direct deposits in order to earn the up to $450 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- The ONB Preferred Checking account must be open with a balance greater than $0 and in good standing at the time the cash bonus is paid.
- If account is closed within 180 days, a $25 fee will be assessed.
- 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 90 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.
Open a Personal Checking account before the bonus expires on May 31, 2024
How does this personal checking offer from Old National Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
PNC
Virtual Wallet®
- Bonus
- up to $400
- Account Type
- Personal Checking
- Expires In
- 60 days
- Requires
- Direct Deposit
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 244 days
- Requires
- Direct Deposit
U.S. Bank
U.S. Bank Smartly® Checking
- Bonus
- up to $700
- Account Type
- Personal Checking
- Expires In
- 56 days
- Requires
- Direct Deposit
- Min Balance (optional)
Why Old National Bank?
Preferred Checking
Fees
Preferred Checking does charge a monthly maintenance fee of $15, but there are ways to get this waived:
- 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
Everyday Checking
Fees
Everyday Checking does charge a monthly maintenance fee of $6.95, but there are ways to get this waived:
- Make a total of $500 in direct deposits.
- OR, maintain a minimum daily balance of $750.
- OR, maintain a combined balance of $1,500 in checking, savings or money market accounts.
- OR, be an active member of the US Military.
Apply now for a Personal Checking account to earn the up to $450 bonus offer
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