Old National Bank Review 2026

Old National Bank's Everyday Checking account charges a $7 monthly fee, waivable by maintaining a $500 minimum daily balance or receiving at least one qualifying direct deposit — a threshold lower than Chase Total Checking's $500 direct deposit requirement but higher than the $0 fee structure at Ally Bank or Discover Bank's Cashback Debit. The bank's Premium Checking account carries a $15 monthly fee waivable with a $5,000 combined balance. Overdraft fees are assessed at $32 per item, which is below the $35 charged by Wells Fargo and Bank of America but above the $0 overdraft fee model offered by Chime and Ally. Old National offers overdraft protection transfers from a linked savings account, reducing the per-transfer cost. CD rates and savings APYs at Old National consistently underperform online banks; its standard savings account has historically offered rates below 0.10% APY while high-yield competitors like Marcus by Goldman Sachs and Synchrony Bank offer rates exceeding 4.00% APY in comparable rate environments. Wire transfer fees are $25 for domestic outgoing wires, in line with regional bank peers like Regions Bank and Fifth Third Bank.

Old National's app covers mobile check deposit, bill pay, account-to-account and Zelle transfers, debit card lock/unlock, and account alerts, with online account opening on most personal accounts. ATM access is through Allpoint — 55,000+ surcharge-free machines — supported by 250+ branches across its Midwest footprint. Everyday Checking carries a $7 monthly fee, waived with a $500 minimum daily balance or one qualifying direct deposit per cycle. The digital experience is built around completing routine banking tasks rather than around financial-management tooling, which suits customers who want a branch relationship with capable mobile access attached.

Old National Bank does not operate a named, point-based loyalty rewards program for standard deposit customers in the manner of programs offered by U.S. Bank (U.S. Bank Smartly) or Truist (Truist One Banking). The bank's relationship benefits are delivered through tiered checking accounts: Premium Checking customers receive benefits including free standard checks, free domestic wire transfers, and fee waivers on safe deposit boxes when balance thresholds are met. Customers maintaining high combined deposit and loan balances may qualify for relationship pricing on mortgage rates and personal loans, though the bank does not publish a formal relationship rate discount schedule in the way that Bank of America's Preferred Rewards program does with explicit tiers at $20,000, $50,000, and $100,000 combined balances. Debit card spending does not earn cash back or points. For consumers who prioritize rewards on everyday debit or deposit balances, Old National's offering is limited compared to Discover Bank's 1% cash back debit card or the structured tier benefits at Bank of America.

Old National Bank operates more than 250 branch locations concentrated in Indiana, Illinois, Minnesota, Wisconsin, Michigan, and Kentucky, reflecting the combined footprint of Old National and First Midwest Bancorp post-merger. This branch density provides strong in-person access within those states but leaves the bank with no meaningful presence in the South, West, or Northeast, creating a significant coverage gap versus national banks like Chase (approximately 4,700 branches) or Wells Fargo (approximately 4,300 branches). Old National participates in the Allpoint ATM network, giving customers surcharge-free access to more than 55,000 ATMs globally — a competitive network size that matches or exceeds what regional peers like Heartland Bank and Busey Bank offer. The bank supports cash deposits at branch ATMs. Full-service mortgage lending, commercial banking, and financial advisory services require branch or relationship manager engagement in most cases, limiting fully remote accessibility for complex products. Customers in states outside the Midwest footprint cannot access branch services and must rely on digital and phone channels.