Note: Old national bank used to be churnable every 12 months, new language makes this every 36 months.
Offer at a glance
- Maximum bonus amount: $400-$800
- Availability: IL, IN, KY, MI, MN & WI, In Branch Only
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Up to $500, can fund with American Express, Visa & Mastercard
- Monthly fees: None
- Early account termination fee: $25, 180 days
- Household limit: None
- Expiration date: 6/30/2026
The Offer
Direct link to offer
- Old National Bank is offering a business checking bonus of $400 or $800. Requirements are as follows:
- Earn a $800 bonus when you:
- Deposit a total of $20,000 or more within 30 days of account opening.
- Maintain a minimum balance of $20,000 for days 31-90 of account opening.
- Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening
- Earn a $400 bonus when you:
- Deposit a total of $4,000 or more within 30 days of account opening.
- Maintain a minimum balance of $4,000 or more during days 31-90 of account opening.
- Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening.
- Earn a $800 bonus when you:
The Fine Print
- To earn the checking account bonus, new to business deposit customer must open an Access Business Banking Checking account or Pro Access Business Banking Checking account with a minimum opening deposit of $100 between 2/3/2026 and 6/30/2026, at any Old National banking center and complete the following:
- To qualify for $800 Cash Bonus: Deposit a total of $20,000 or more within 30 days of account opening. Maintain a balance of $20,000 or more during days 31-90 of account opening. Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening. Maintain a positive account balance at the time of bonus processing.
- To qualify for $400 Cash Bonus: Deposit a total of $4,000 or more within 30 days of account opening. Maintain a balance of $4,000 or more during days 31-90 of account opening. Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening. Maintain a positive account balance at the time of bonus processing.
- The qualifying minimum deposits must be made to the new account within 30 calendar days of account opening. Deposits can be made on a one-time basis or cumulatively over the 30-day period. On the 30th calendar day following account opening, the account will be reviewed to confirm satisfaction of the required deposit balance. If the 30th calendar day falls on a non-business day, the review will occur on the next business day. Qualifying deposits include teller/ATM/mobile deposits, wires, and external transfers from accounts at other financial institutions. Deposits made by transfers between Old National accounts do not qualify.
- The qualifying required balance of $20,000 or $4,000 must be maintained during day 31-90 of account opening. During the period beginning on the 31st day and ending on the 90th day following account opening, the account will be reviewed daily to confirm that the minimum required balance is maintained.
- Enrollment in, and login to, the Small Business Digital Banking platform must occur with respect to the new account within 30 calendar days following account opening. Enrollment in, or use of, Consumer Digital Banking, OnPoint Essentials, or OnPoint Treasury is not included in the qualifying activity.
- After successful completion of the qualifying requirements, the cash bonus will be paid into the new Access Business Banking Checking account or Pro Access Business Banking Checking account between the 100th and 120th day after account opening. Eligibility for the bonus requires that the account be open and maintain a balance greater than $0 at the time the bonus is credited. Accounts that are closed, restricted, have a zero or negative balance at the time of bonus processing are not eligible to receive the bonus.
- The bonus may be taxable and may be reported on IRS Form 1099. Please consult your tax advisor regarding any tax consequences associated with the bonus. Old National Bank nor their employees provide tax advice.
- Limit one cash bonus per customer [Taxpayer Identification Number (TIN)/Social SecurityNumber (SSN)/Employer Identification Number (EIN)] regardless of the number of checking accounts opened. Recipient(s) (customer TIN/SSN/EIN) of cash bonus shall not be eligible to receive a cash bonus on any other business checking account at Old National Bank. If multiple accounts are opened with the same signers, only one account will be eligible for the bonus. Promotional offers are available only to new customers establishing a business checking account for business purposes, and existing Old National Bank customers who do not currently have and have not previously had in the past 36 months, a business deposit relationship with Old National Bank.
- Promotional offers are not available to current Old National Bank business customers, including any individual who is an owner, joint owner, or authorized signer on an existing business deposit account; any business that has closed a business deposit account within the past 36 months; any customer who has received a promotional bonus within the past 36 months; or Old National Bank employees.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free business checking has no monthly fee to worry about (available in all states apart from Wisconsin). Essential business checking account is required in Wisconsin, not sure if this has a monthly fee or not.
Early Account Termination Fee
There is an early account termination fee of $25 if closed within 180 days.
Our Verdict
Previously bonus was $500 but required $7,000 with same hold period. Both bonuses worth doing if you have the fund available as they are better than holding funds in a high yield account. Annoying that it needs to be opened in branch. Will add to our best bank account bonuses.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
