Navigating the Maze of Old National Bank Routing Numbers

Overview

Routing numbers play a crucial role in the financial world, facilitating seamless electronic transactions between banks. However, with the acquisition of Old National Bank by First Midwest Bank, understanding the transition from old to new routing numbers is paramount for ensuring uninterrupted banking services. This comprehensive guide will delve into the intricacies of Old National Bank routing numbers, empowering you to navigate the transition with ease.

The Transition from Old to New Routing Numbers

In 2023, First Midwest Bank acquired Old National Bank. As a result, all Old National Bank accounts transitioned to First Midwest Bank, along with their respective routing numbers.

Timeline of the Routing Number Transition:

• July 15, 2023: Customers transitioned to First Midwest Bank's routing number for automated clearing house (ACH) transactions, such as direct deposit, automated bill payments, and electronic funds transfers.
• October 14, 2023: Customers transitioned to First Midwest Bank's routing number for all other transactions, including wire transfers, checks, and deposits.

Finding Your New Routing Number

To determine your new First Midwest Bank routing number, there are several options:

• Online Banking: Log into your online or mobile banking account and check the "Account Details" section.
• Bank Statement: Your new routing number should be printed on your bank statement.
• Customer Service: Contact First Midwest Bank's customer support line at 800-486-6728 to request your routing number.

Impact on Bank Transactions

Automated Transactions:

• ACH Transactions: ACH transactions processed on or after July 15, 2023 will use the new First Midwest Bank routing number.
• Direct Deposit: Direct deposits scheduled to be received on or after July 15, 2023 will be credited to your new First Midwest Bank account using the new routing number.

Manual Transactions:

• Checks and Deposits: Checks and deposits initiated on or after October 14, 2023 must use the new First Midwest Bank routing number.
• Wire Transfers: Wire transfers processed on or after October 14, 2023 will require the new First Midwest Bank routing number.

Common Mistakes to Avoid:

• Using the old Old National Bank routing number after the transition date. This could result in delays or errors in your transactions.
• Failing to notify automated payment vendors of your new routing number. Direct deposits and other recurring payments could be disrupted.
• Writing checks with the old Old National Bank routing number. These checks may not be accepted or processed correctly.

Why the Routing Number Transition Matters

Using the correct routing number ensures that your financial transactions are processed accurately and securely. Failure to do so could lead to delays, errors, or even lost funds.

Benefits of the Routing Number Transition

• Enhanced Efficiency: The transition to a single routing number streamlines banking operations and reduces the risk of errors.
• Improved Security: Using a unique routing number for each bank minimizes the risk of fraud and unauthorized transactions.
• Increased Convenience: Customers only need to remember one routing number for all of their banking transactions.

Comparison of Routing Numbers

Frequently Asked Questions (FAQs)

1. When did the routing number change take effect?

• ACH Transactions: July 15, 2023
• All Other Transactions: October 14, 2023

2. What should I do if I have pre-authorized payments set up with my old Old National Bank routing number?

• Notify the vendors of your new First Midwest Bank routing number to ensure uninterrupted payments.

3. Will my account number change?

• No, your account number will remain the same after the transition.

4. Will my direct deposit be affected by the routing number change?

• Direct deposits scheduled to be received on or after July 15, 2023 will be credited to your new First Midwest Bank account using the new routing number.

5. Where can I find the new First Midwest Bank routing number?

• Online banking, bank statement, or by contacting customer service.

6. What happens if I use the old Old National Bank routing number on or after the transition date?

• Your transaction may be delayed, processed incorrectly, or even rejected.

7. Is the routing number transition secure?

• Yes, the transition is secure and designed to minimize the risk of fraud and unauthorized transactions.

8. Why is it important to update my routing number for all of my financial transactions?

• Using the correct routing number ensures that your transactions are processed accurately and securely.

Conclusion

Understanding the transition from Old National Bank routing numbers to First Midwest Bank routing numbers is essential for uninterrupted banking services. By using the correct routing number for all of your automated and manual transactions, you can ensure the accuracy, efficiency, and security of your financial operations.