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Old National Bank

Old National Bank ONB Everyday Checking $300 – $600 Bonus

Old National Bank pays you $300 or $600 depending on how much you direct deposit in your first four months. Three or more paycheck deposits totaling $3,500 earn $300; $12,000 earns $600. Open online if you live in one of 9 Midwest and Southern states. Soft credit pull. The bonus lands between day 121 and 140.

Bonus range
$300 – $600
Expires
Oct 30, 2026
Time to complete
~120 days
Bonus deposited in
~140 days
Difficulty
Medium
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Requirements

Last verified: Aug 15, 2026

$300 Tier

  1. Open an account

    Open a new ONB Everyday or Preferred Checking account with a $50 minimum deposit by October 30, 2026.

  2. Direct deposit $3,500

    Make 3 or more qualifying direct deposits totaling at least $3,500 into the new account within the first four months of account opening. Only recurring payroll, pension, Social Security, or government benefit deposits qualify.

  3. Keep a positive balance

    Keep the account open with a balance above $0 until the bonus is credited between day 121 and 140.

$600 Tier

  1. Open an account

    Open a new ONB Everyday or Preferred Checking account with a $50 minimum deposit by October 30, 2026.

  2. Direct deposit $12,000

    Make 3 or more qualifying direct deposits totaling at least $12,000 into the new account within the first four months of account opening. Only recurring payroll, pension, Social Security, or government benefit deposits qualify.

  3. Keep a positive balance

    Keep the account open with a balance above $0 until the bonus is credited between day 121 and 140.

Bonus is credited between the 121st and 140th day after account opening, after the four-month direct deposit qualification period ends.

Account Details

Monthly fee$6.95/month
Fee waiver
  • $500 in direct deposits each month
  • $500 minimum daily balance
  • $1,500 combined daily balance across checking, savings, and money market accounts
  • 15 or more posted debit card transactions per statement cycle
Opening deposit$50
Min. hold period140 days

The bonus is credited between the 121st and 140th day after account opening. The account must be open with a balance above $0 at the time the bonus is processed.

Early closing fee$0
Credit inquirySoft pull only
ChexSystemsYes. May deny applicants with negative banking history.
AvailabilitySelect states (IA, IL, IN, KY, MI, MN, ND, TN, WI)

Eligibility

Minimum age18+
Existing customersNot eligible

Not available if you have an existing Old National personal checking account (including as a joint owner or signer), closed one within the last 36 months, or were paid an Old National personal checking bonus in the past 36 months.

Other restrictions
  • Online account opening is available to residents of Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, North Dakota, Tennessee, and Wisconsin. Anyone can open in a branch.

Tips & Gotchas

  • →Only real payroll, pension, or government direct deposits count. Bank-to-bank ACH transfers, mobile deposits, and Zelle or Venmo payments are all excluded.
  • →You need at least 3 separate direct deposits, so a single large deposit will not qualify.
  • →Online account opening is limited to residents of IA, IL, IN, KY, MI, MN, ND, TN, and WI.
  • →The $6.95 monthly fee on Everyday Checking is waived with $500 in direct deposits per month, which you are already doing for the bonus.
  • →Long cooldown: no bonus if you had an ONB checking account in the last 36 months or a checking bonus in the last 36 months.
  • →No early-closure fee on this checking account. The $25 fee for closing within 180 days mentioned on Old National’s offers page applies only to the Market Monitor money market account.

Direct Deposit Data Points 17

17 community reports across 7 transfer sources, showing what triggers a qualifying direct deposit at Old National Bank.

View all Old National Bank direct deposit data points →

Can You Earn This Bonus Again?

Can rechurnYes
Cooldown1095 days
NotesLimit one cash bonus per Social Security number. Previous customers may be eligible 36 months after closing their account and 36 months after their last checking bonus.

Fine Print

Open an ONB Everyday or Preferred Checking account with a $50 minimum deposit between 2/3/2026 and 10/30/2026, in a banking center or online (online opening limited to residents of IA, IL, IN, KY, MI, MN, ND, TN, WI). Make 3 or more qualifying ACH direct deposits totaling at least $3,500 within the first four months of account opening and maintain a positive balance at bonus processing. Qualifying deposits are recurring electronic deposits of paycheck, pension, Social Security, or other government benefits; transfers, mobile deposits, and P2P payments do not count. Bonus credited between day 121 and 140. Not available to customers with an existing ONB personal checking account, one closed in the last 36 months, or a checking bonus paid in the last 36 months. Limit one bonus per Social Security number.

Taxable income · Reported on 1099-INT

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What is a fee waiver?

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Also see: this month's best bank bonuses and community DD data points.

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