Estate planning at Old National

Yes. Trusts can be named as POD beneficiaries on Old National deposit accounts including checking, savings, CDs, and money market accounts. You will need to provide the trust name, date established, and EIN. For IRA accounts, a trust can be named as the beneficiary through a beneficiary designation form, though there may be tax implications.

Trust accounts can only be opened at an Old National banking center (not online). Bring your complete trust document or Certificate of Trust, government-issued photo ID for all trustees, and the trust tax identification number (EIN or SSN). A revocable living trust typically does not need its own tax ID during the grantor's lifetime. For wealth management trust services, contact Old National Wealth Management or the 1834 division.

No. IRA accounts (Traditional and Roth) cannot be titled to a trust. However, you can name your trust as the beneficiary of your IRA through a beneficiary designation. Consult a tax advisor before naming a trust as IRA beneficiary, as there are significant tax implications under the SECURE Act distribution rules.

Old National offers ONB Everyday Checking ($6.95/month, waivable with $500 direct deposits, $500 minimum balance, $1,500 combined balance, 15+ debit transactions, or active-duty military), ONB Classic Checking (interest-bearing at 0.01% APY), ONB Preferred Checking (0.01% APY, $15/month waived with $5,000 daily or $25,000 combined balance, includes 5 free non-ONB ATM withdrawals), ONB Student Checking (no fee for under 25, converts to Everyday at 25), ONB EZ Access (checkless, $4.95/month, no overdraft fees), and Private Elite Checking (through Private Banking with enhanced benefits and 0.04% APY). All deposit accounts are eligible for POD beneficiary designation and can be retitled to a trust.

Old National Wealth Management includes three service models: the Investment Strategies Team (IST) for investment-focused clients, Private Wealth Management combining a Wealth Advisor with a Private Banker, and 1834 for higher-net-worth clients needing trust and estate administration, fiduciary services, investment management, and financial planning. Old National Wealth Advisors (formerly Old National Investments) is backed by LPL Financial.

Old National Client Care is available at 1-800-731-2265, Monday through Friday 7:00am to 6:00pm CT and Saturday 7:00am to 12:00pm CT. International callers can reach the bank at 1-812-422-2197. For mortgage servicing call 1-866-853-3277. For wealth management call 1-800-830-0362. You can also use Secure Chat through Digital Banking or submit a request through the email form on the website.

Old National offers Basic Savings ($4/month, waived with $300 minimum balance), Savings Plus (no monthly fee with EZ Save automatic transfers from an Old National checking account), Select Savings (tiered interest rates, $4/month waived with $300 minimum and checking account), Market Monitor money market ($20/month waived with $5,000 minimum daily balance, includes check-writing), Kids Start Savings (no monthly fee, ages 18 and under), and Christmas Savings Club (no monthly fee). All adult savings and money market accounts are eligible for POD beneficiary designations and can be retitled to a trust.