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How to Order (or Reorder) Checks
Order checks in several convenient ways: by phone, on the web, at a Banking Center, via Client Care, or through Online Banking (reorders only). Click to get started.
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Career Development
No matter where our team members are in their career development, we’re committed to partnering with them and helping them achieve their goals. Grow with us!
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Kathy A. Schoettlin
Kathy A. Schoettlin is Chief Communications, Culture and Social Responsibility Officer for Old National.
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What is a pre-authorization hold on my debit card?
When you pay with your debit card, you may have a “pre-authorization hold” added to your account before the actual charge goes through. Businesses do this to make sure you have the funds available to cover the purchase, especially when the total amount is unknown at the time you use your card.
For example, when you swipe your card before pumping gas, a pre-authorization hold is put on your account for an amount that’s probably going to be higher than what you’ll actually spend. When you reserve a hotel room, a hold is placed on the account for the cost of the room, plus a little more in case you have additional services during your stay. When you pay for your meal at a restaurant, a hold may be placed for the cost of the meal plus extra for the possible tip. Once the actual amount is known, that number becomes the charge. And once the charge clears your account (typically during the bank’s evening processing), the pre-authorization hold is released.
Pre-authorization holds often can be considerably higher than what you will actually pay, and may stay on your account for a while (days, in some situations) so be sure you are prepared for this amount to be “on hold” in your account in the interim. Remember, you won’t have access to the excess funds until after the actual charge clears and the pre-authorization is released.
Example: Joe visits a gas station and swipes his debit card before pumping his gas. The business doesn’t know how much gas Joe will pump, but it assumes the charge will be $50 or under. They place a pre-authorization hold on Joe’s card for $50 to ensure the funds are available. Joe pumps $20 worth of gas. That means there now is an extra $30 on hold in Joe’s account, and he will not have access to that money until the $20 charge clears and the $50 pre-authorization hold is released.
If you have questions, call Client Care at 1-800-731-2265.
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10 Reasons To Hire and Retain Workers 50+
Older businesswoman working on laptop with young coworkers It’s time for a cultural wake-up call. Here’s the business case for hiring and retaining workers 50+. The beauty of it is that everyone wins from companies to workers, and, you bet, the economy. When it comes to hiring, smart employers know that it’s not about
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Business Tax Tips: 3 Questions To Ask Your CPA Before Year-End
It's key to ask the right questions of your tax advisor to ensure you and your business are making the best moves now to minimize business taxes when it’s time to file
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Why Supporting Your Employees Side Business Is Highly Beneficial To You
Peggy_Marco / PixabaySome business owners want to extract every single waking hour from their employees. They feel that if an employee has a side business it is taking away from their 9-5. But that couldn’t be further from the truth. By supporting your employees’ side businesses you gain tons of benefits. Reduces Train
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Now is the time for employers to invest in caregiver benefits
As the coronavirus pandemic impacts the economy, companies are searching for ways to reduce costs. While making greater investments in employee benefits may not be a high priority, now is the time for employers to invest in one specific benefit: caregiving. Caregiver responsibilities can have a significant impact on em
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Old National Partner Spotlight: How Mi CASA Fosters and Supports the Latino Community
As we celebrate Hispanic Heritage Month, we highlight the great work of clients and community partners, such as Mi CASA, based in Chaska,
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Old National Welcomes Cadre of 2024 Summer Interns
On June 10th, 38 interns began their 10-week summer internships with Old National Bank. The interns are spread out through various departments in
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Perfect Your Q4 Planning by Putting Product First
Product-led thinking can transform end-of-year planning processes to reflect the realities of today’s market.