Old National Bank

Old National Bank is a US bank that serves commercial customers with business checking, cash management and treasury management. Its range covers Deluxe Business Checking, Analysis Checking and Specialized Checking.

Account types

Deluxe Business Checking costs $50 per month, or $0 when the average balance is $50,000. It includes 500 transactions and accepts $15,000 in cash deposits. Analysis Checking is built for firms with heavier activity: it uses an earnings credit to offset account fees. Specialized accounts are available for particular types of customer. An additional treasury bundle is priced at $75 per month.

Deposit protection

The bank states that it is a member of the FDIC. Coverage depends on the depositor, the ownership category and eligibility, and it is not the same as the safeguarding applied to e-money institutions.

Who it suits

Deluxe suits small and mid-sized companies that keep a sizeable balance and make a lot of transactions. Analysis fits businesses with larger volumes that prefer to offset fees with balances. Companies should check how cash handling, excess transactions and the treasury bundle are charged.