Old National Bank $300 or $650 Checking Bonus [IA, IL, IN, KY, MI, MN, WI] – Ends 6/2/25

Get a $250 or $450 cash bonus for a new checking account with this offer from Old National Bank.

• Update 2/3/2025: The offer is now increased to $300 or $650 and extended through 6/2/25. For nationwide bank bonuses, check out this one from Chase.
• Update 1/16/2024: The offer has been extended through 5/31/24.
• Update 10/22/2023: The $300 bonus was decreased to $250 but the deposit requirement also decreased from $3,000 to $2,000.
• Update 9/6/2023: Offer extended through 10/31/2023.
• Update 4/4/2023: Offer extended through 4/30/2023. The offer is also now available in IA & IL.
• Update 2/28/2023: Offer extended through 3/31/2023.

See the Posts History below for all offers from this institution.

Old National Bank Offer Details

• What you’ll get: $300 or $650
• Where it’s available: IA, IL, IN, KY, MI, MN, WI
• How to earn it: Open a new checking account and complete requirements within 120 days of account opening.
  • Get $650 bonus when you open a new ONB Preferred checking account and complete the following requirements:
    • Make qualifying direct deposits totaling at least $3,500 per month to the new account for 3 consecutive calendar months.
  • Get $300 bonus when you open an ONB Everyday checking account and complete the following requirements:
    • Make qualifying direct deposits totaling at least $1,000 per month to the new account for 3 consecutive calendar months.

• When it expires: 6/2/2025

READ MORE: GET TOP OFFERS FROM CHASE, AXOS, AND BMO.

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 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.
• 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.
• If the new to personal checking client changes the ONB Preferred Account or ONB Everyday Account to the other checking account product type after account opening, eligibility for the cash bonus and corresponding bonus amount will be determined based upon the checking account product type open on the 120th day.
• To receive the cash bonus, the new to personal checking client must meet the associated criteria for that 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.

Bottom Line

This is one of the best offers we’ve seen from this bank. But it will end soon and we do not know if it will be renewed.

See more offers that don’t require direct deposit here.

Posts History:

• Old National Bank: Earn Up to $1,200 Business Checking & Savings Bonus – Ends 9/30/24
• Old National Bank $50 Sign Up Bonus & $500 In Referrals [IL, IN, KY, MI, MN, WI] – No End Date
• Old National Bank $500 Business Checking Bonus [IL, IN, KY, MI, MN, WI] – Ended

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.