DOC Compass — Offers, decoded

Update 2/9/26: Bonus is back to $300/$600, but can only churn every 36 months instead of 12 months. Terms ‘Promotional offers are not available for customers with an existing Old National Bank personal checking account (including owners; signers on joint accounts), personal checking accounts closed within the last 36 months or have been paid on an Old National personal checking promotional bonus in the past 36 months’.

Update 11/2/25: Offer extended to 1/31/2026, bonus back down to $250/$450

Update 10/29/25: Now available in ND due to Bremer Bank acquisition

Extended to 10/31/25

Extended to 6/2/25

Update 2/2/25: Bonuses are now $300 and $650 (increased from $250 and $450)

Update 11/4/24: Extended to 1/31/2025

Update 9/11/24: Everyday account works for $450 bonus, making it better.

Update 7/28/24: Extended until 10/31/2024

Update 6/16/24: Extended until 7/31/2024.

Update 1/16/24: Deal is back for 1/16 – 5/31 (ht Churnbaby)

Update 11/1/23: extended until 11/30/2023

Update 9/6/23: Deal has been extended until 10/31/2023. $300 checking bonus is now $250.

Update 6/24/23: Extended until 7/31/23.

Update 6/1/23: Extended until June 30.

Update 4/3/23: Now available in IA & IL now.

Update 3/29/23: Extended until Extended to 4/30.

Offer at a glance

Maximum bonus amount: $300 or $450
Availability: IN, KY, MN & MI
Direct deposit required: Yes, $3,000 or $10,000
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: $6.95-$15, avoidable
Early account termination fee: $25, 180 days
Household limit: None mentioned
Expiration date: ~~February 28, 2023~~ March 31st, 2023

The Offer

Direct link to offer

Old National Bank is offering a $600 and $300 checking bonus. Bonuses are as follows:
- $600 bonus when you open a new ONB Preferred checking account and complete the following requirements:
  - Make 3 or more qualifying direct deposits totaling at least $12,000 into the new account within the first four months of account opening.
  - Maintain a balance greater than zero at the time of bonus processing
- $300 bonus when you open an ONB Everyday checking account and complete the following requirements within 90 days of account opening:
  - Make 3 or more qualifying direct deposits totaling at least $3,500 into the new account within the first four months of account opening.
  - Maintain a balance greater than zero at the time of bonus processing

The Fine Print

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

ONB Everyday ($300 Bonus)

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

ONB Preferred ($450 Bonus)

This account has a $15 monthly fee. This is waived if you do any of the following:

Maintain a $5,000 daily balance OR
Maintain a $25,000 combined minimum daily balance in other checking, savings, money market accounts, CDs, or loans with similar ownership

Early Account Termination Fee

Account needs to be kept open for 120 days.

Our Verdict

Previously best offer was a $200 bonus. Bit annoying to keep the $450 bonus account keep fee free, but worst case scenario you can just do the $300 bonus instead. We will add this to our list of the best bank account bonuses.

Hat tip to reader Igor

Useful posts regarding bank bonuses:

Old National Bank $300/$650 Bonus – IA, IL, IN, KY, MN, WI, TN, ND & MI

What the community is seeing

The Offer

The Fine Print