Offer Summary
- Maximum Bonus: Up to $500
- Availability: In-branch only — available in Illinois (IL), Indiana (IN), Kentucky (KY), Michigan (MI), Minnesota (MN), and Wisconsin (WI)
- Direct Deposit Required: Not required
- Additional Requirements: See detailed terms below
- Credit Inquiry: Soft pull (no impact on credit score)
- ChexSystems: Status unknown
- Credit Card Funding: Fund up to $500 using American Express, Visa, or Mastercard
- Monthly Maintenance Fees: None
- Early Account Closure Fee: $25 if closed within 180 days
- Household Limit: No limit per household
- Offer Expiration: September 30, 2025
Direct Official Link to Offer Page
Old National Bank $500 Business Checking Bonus
Old National Bank’s $500 business checking bonus—what it is, how to get it, key dates, and how it stacks up against rival offers.
Promotion Overview
Old National Bank is offering $500 in cash when new
business customers open an Access Business Banking or Pro Access Business
Banking checking account and meet a few straightforward requirements between April
28, 2025, and September 30, 2025 . This promotion is available at any Old
National banking center and is limited to one bonus per Taxpayer Identification
Number (TIN) or Social Security Number (SSN).
How to Qualify
To earn the $500 bonus, you must:
- Open
a new Access Business Banking or Pro Access Business Banking account with
at least $100 initial deposit between April 28 and September 30,
2025 .
- Deposit
$7,000 or more into the new account within 30 days of opening .
- Maintain
a minimum balance of $7,000 each day from days 31 through 90 after
account opening .
- Enroll
in Small Business Digital Banking and log in within 30 calendar
days of account opening .
- Keep
the account open and in good standing (balance > $0) when
the bonus is paid—typically within 120 days of opening.
Important Dates & Payout
- Qualification
Period: April 28 – September 30, 2025.
- Deposit
Deadline: 30 days after account opening.
- Maintenance
Period: Days 31–90 after account opening.
- Bonus
Credit: Approximately 120 days after account opening, provided all
requirements are met and the account remains open.
Payments Plus Bundle—Free for 3 Months
As an added incentive, you can add Old National’s Payments
Plus bundle (wire services, ACH transactions, fraud prevention) to your new
account within 30 days and enjoy 3 months of no service charges.
Regional Availability
Old National operates primarily in the Midwest—Illinois,
Indiana, Kentucky, Michigan, Minnesota, and Wisconsin—so this offer is in-branch
only in those states.
How It Compares
- Chase
Business Complete Checking: Up to $500 bonus for qualifying
activities (e.g., minimum deposits and transactions) .
- U.S.
Bank Business Essentials/Silver Checking: $500 bonus for $5,000
new-money deposit within 30 days and five qualifying transactions; $900
bonus available on Platinum Business Checking with higher balances.
Why It Matters for Small Businesses
According to Bankrate, businesses should prioritize checking
accounts that balance low fees, digital convenience, and bonus
opportunities to maximize short-term cash flow and long-term banking value. Old National’s promotion combines a competitive
bonus with waiveable fees (via the Payments Plus bundle) and robust digital
tools—especially appealing for Midwest–based businesses seeking both in-branch
support and modern online banking.
Bottom Line & Next Steps
- Act
Quickly: This promo ends on September 30, 2025.
- Prepare
Documentation: Bring your EIN, ID, and business formation papers when
visiting a branch.
- Plan
Your Deposits: Ensure you can deposit and maintain the $7,000
threshold over the required timeframes.
- Enroll
Early: Sign up for Digital Banking immediately to satisfy the login
requirement.
If you meet these steps, you’ll pocket $500 and gain three months of free Payments Plus services—boosting your business’s liquidity and streamlining payments operations. Visit your local Old National branch or go online to learn more and get started today.