Old National Bank Business Checking
Branch + cash deposits; low/no monthly fee with 500-item cap; Midwest/Southeast relationship bank (not high-APY checking)
Costs & Fees
Monthly maintenance: Access: $0 on current product page ($3/mo paper statements; eStatements free). Pro: $25/mo OR $0 with $20,000 avg ledger OR $50,000 combined checking+savings+MMA avg ledger.
Fee waiver: Access: unconditional $0 maintenance (use eStatements to avoid $3 paper fee). Pro: $20k ledger or $50k combined deposit averages.
Transaction fees: 500 items/month free then $0.50 each. Items = checks paid, withdrawals, deposits, deposited items, ACH/POS debits and credits.
Overdraft/NSF: Paid NSF/Overdraft Item $36 if overdrawn >$25; max 2 paid items/day. Daily Overdraft $7 from day 7 if overdrawn >$25 for 7+ consecutive business days, up to 5 days. Overdraft Courtesy discretionary.
ATM fees: ONB + Allpoint (~55,000+) $0 ONB fee. Non-ONB/non-Allpoint: $3 Foreign ATM Fee + operator surcharge. No rebate disclosed.
Wire/ACH: Incoming domestic $16; outgoing domestic $30; incoming intl $16; outgoing intl $50. Pro/Payments Plus: 1 free domestic outgoing wire/month; discounted fees thereafter not disclosed.
Cash deposit: First $25,000 cash/currency/month free; then $0.15 per $100. Covers OTC branch, night depository, deposit-taking ONB ATMs.
Interest & Yields
Checking APY: 0.00% — noninterest-bearing on Access and Pro
Savings APY: Business Savings and Business Market Monitor: tiered interest; APY not disclosed on public pages
FDIC coverage: Standard FDIC $250,000 per depositor per ownership category at Old National Bank
Access, Features & Tools
Access
Branch/ATM: ~346–361 banking centers in IL, IN, IA, KY, MI, MN, NC, ND, TN, WI. ONB ATMs + Allpoint ~55,000+ surcharge-free. Cash deposit at deposit-taking ONB ATMs.
Mobile app: Old National Mobile app — Google Play ~4.5 (13.8K reviews). iOS U.S. volume uncertain from public scrapes.
Cash deposits: Branch OTC, night depository, deposit-taking ONB ATMs. No Green Dot/retail network. Night-drop cash counts toward $25k threshold.
Features
Invoicing/bill pay: Bill pay included. Autobooks Basic on Pro (Business Plus $10 on Access). Autobooks Premium extra. Processing ~3.49% cards / 1% ACH / 2.75% tap-to-pay.
Virtual cards: Not disclosed
International: USD wires + FX desk 1-800-704-3084. Multi-currency wallets not offered.
Integrations
- ✓ CSV / Quicken / QuickBooks format download
- ✓ Autobooks transaction sync if enrolled
Limits & Requirements
Opening deposit: $100
Minimum balance: No minimum balance requirement on Access/Pro
Eligibility: Sole prop, association, org, partnership, LLC, corporation, business fiduciary/escrow per agreement. EIN emphasized in checklist.
Best for: Branch banking Cash deposits $25k free 500 items free Allpoint ATM network Midwest Southeast footprint Real FDIC bank Relationship lending path Autobooks invoicing
Pros & Cons
Pros
- ✓ Access $0 maintenance with 500-item bucket and no minimum balance (ONB product page)
- ✓ $25,000 monthly cash/currency free then $0.15 per $100 — explicit branch-bank pricing
- ✓ Allpoint 55k+ surcharge-free ATMs plus ~346+ owned branches in 10 states
- ✓ Pro bundles Autobooks Basic, 1 free domestic wire/month, ACH allowance, and fraud tools
- ✓ Path to ONPointe Treasury, Analysis Checking, Elavon merchant, and local lending; $400/$800 bonus through Oct 30, 2026
Cons
- ✗ 0.00% APY on checking
- ✗ In-person opening only — not nationwide online account
- ✗ 500-item definition is broad (ACH, POS, deposits count) at $0.50 over — easy to exceed
- ✗ Full current business fee schedule PDF not publicly posted
- ✗ Out-of-network ATM $3 + 3% foreign debit fee; standard FDIC $250k only
Solid Pick (Midwest/Southeast in-footprint SMB with cash deposits and ≤500 items)
Old National Access Business Banking is branch-opened FDIC checking: Access $0 maintenance, 500 items then $0.50, $25k cash free then $0.15/$100. Pro adds $25 fee (waivable at $20k/$50k), bundled Autobooks/Payments Plus, 1 free wire/month, 25 ACH/month. 0% APY. Wires $16 in / $30 out / $50 intl. Full business fee PDF not posted. Fits in-footprint cash SMBs; poor for remote founders and high-volume treasury.