Corebank – Everything you need to know

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Sirmike Thursday, 19 September 2024, 4:25 pm

Corebank is a digital banking platform that provides Nigerians with retail financial services digitally. It is owned by Corestep Microfinance Bank, a reputable loan agency in Nigeria that was founded in 2009. Core Microfinance Bank has its headquarters in Lagos, Nigeria.

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What services does Corebank provide?

Corebank provides a wide range of banking services to individuals and businesses, including:

Personal banking: Corebank offers a variety of personal banking accounts, including checking, savings, and money market accounts. They also offer a variety of loans, such as personal loans, student loans, and mortgages.
Business banking: Corebank offers a variety of business banking accounts, including checking, savings, and money market accounts. They also offer a variety of loans, such as business loans, lines of credit, and equipment financing.
Investment services: Corebank offers a variety of investment services, including brokerage accounts, retirement accounts, and investment advice.
Treasury management: Corebank offers treasury management services to businesses, such as cash management, account reconciliation, and bill payment.
Healthcare banking: Corebank offers specialized banking services to healthcare organizations, such as electronic funds transfer (EFT) services, accounts receivable management, and patient billing.

Corebank also offers a variety of online and mobile banking services, such as online bill pay, mobile check deposit, and mobile banking apps.

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Here is a table of some of the core banking facilities that Corebank provides:

Facility	Description
Internet banking	Allows customers to access their accounts and perform transactions online.
ATMs	Allow customers to withdraw cash, deposit funds, and perform other transactions.
Phone banking	Allows customers to speak to a customer service representative over the phone to perform transactions.
Fund transfer	Allows customers to transfer funds between their accounts or to other people’s accounts.
Interest computation	Automatically calculates interest on deposits and loans.
Customer relationship management (CRM)	Tracks customer interactions and provides insights into customer behavior.

Corebank is a full-service bank that offers a wide range of banking services to individuals and businesses. They are committed to providing their customers with the best possible banking experience.

How can I register on Corebank?

To register on the website:

Go to the Corebank website: https://www.corestepmfb.com/.
Click on the “Create Account” button.
Choose the type of account you want to open (personal or business).
Enter your basic details, such as your name, phone number, email address, and BVN.
Upload a copy of your government-issued ID and a utility bill.
Agree to the terms and conditions.
Click on the “Create Account” button.

To register on the mobile app:

Download the Corebank mobile app from the App Store or Google Play.
Open the app and click on the “Register” button.
Enter your basic details, such as your name, phone number, email address, and BVN.
Upload a copy of your government-issued ID and a utility bill.
Agree to the terms and conditions.
Click on the “Register” button.

Once you have registered, you will be able to access your Corebank account online or through the mobile app.

Here are some additional things to keep in mind when registering on Corebank:

You must be at least 18 years old to open an account.
You must have a valid BVN.
You must upload a clear and legible copy of your government-issued ID and a utility bill.
You must agree to the terms and conditions of Corebank.

What are the documents required to register on Corebank?

Your valid BVN
A recent utility bill (Nepa bill, or waste bill)
Your CAC Business Registration Documents (if you want to open a business account)
Your basic details like name, address, phone number, email address, etc.

You can register on Corebank either through the platform’s website or the mobile app. To register on the website, follow these steps:

Go to the official website of CoreBank.
Click on “Create Account”.
Choose the type of account you want to open. For a personal account, your basic details are needed. For a business account, you need to enter accurate business details.
You can then explore the platform.

Here are some additional information about the documents required to register on Corebank:

Your BVN is a unique 11-digit number that is used to verify your identity across all financial institutions in Nigeria.
A utility bill is a document that shows your name and address. It can be used to verify your identity and address.
Your CAC Business Registration Documents are the documents that show that your business is registered with the Corporate Affairs Commission (CAC).

What can make me eligible to borrow a loan from Corebank?

Corebank’s eligibility requirements for loans vary depending on the type of loan you are applying for. However, some general eligibility requirements include:

Good credit history. Corebank will typically require a credit score of at least 620 for most loan types.
Sufficient income. You will need to demonstrate that you have enough income to repay the loan, including your monthly living expenses.
Collateral. Some loan types, such as a home equity loan, may require collateral, such as your home, to secure the loan.
Applicant must be 18 years of age or older.
Applicant must be a resident of the United States.

In addition to these general requirements, Corebank may also consider other factors, such as your employment history, debt-to-income ratio, and other financial obligations, when evaluating your loan application.

If you are unsure whether you are eligible for a loan from Corebank, you can contact their lending team to discuss your options.

Here are some additional things that can make you eligible to borrow a loan from Corebank:

Having a cosigner. A cosigner is someone who agrees to be responsible for repaying the loan if you default. Having a cosigner can improve your chances of getting approved for a loan, even if you have a poor credit history.
Making a down payment. Making a down payment on a loan can also improve your chances of getting approved. This shows the lender that you have some skin in the game and that you are serious about repaying the loan.
Having a good relationship with your bank. If you have a good relationship with your bank, they may be more likely to approve your loan application. This is because they know you and your financial history, which can give them more confidence that you will repay the loan.

If you are looking to borrow a loan from Corebank, it is important to do your research and understand the eligibility requirements. This will help you increase your chances of getting approved for a loan and getting the best terms possible.

How can I download the Core bank app?

You can download the Core Bank app from the Google Play Store or the Apple App Store. Here are the steps on how to do it:

Google Play Store

Open the Google Play Store app on your Android device.
Search for “Core Bank”.
Tap on the “Core Bank Mobile” app.
Tap on “Install”.
Once the app is installed, open it and sign in with your Core Bank credentials.

Apple App Store

Open the Apple App Store app on your iPhone or iPad.
Search for “Core Bank”.
Tap on the “Core Bank Mobile” app.
Tap on “Get”.
Once the app is installed, open it and sign in with your Core Bank credentials.

Here are the links to the Core Bank app on the Google Play Store and the Apple App Store:

Core Bank Mobile on the Google Play Store: https://play.google.com/store/apps/details?id=com.csiweb.digitalbank.bk1732&hl=en_US
Core Bank Mobile on the Apple App Store: https://apps.apple.com/us/app/core-bank-mobile/id583331349

In Conclusion:

downloading and using the Core Bank Mobile app is a convenient and secure way to access your Core Bank accounts on the go. By following the steps provided, you can easily install the app on your device and sign in with your Core Bank credentials. Whether you have an Android or iOS device, you can find the Core Bank app on the Google Play Store or the Apple App Store respectively. With the Core Bank Mobile app, you can manage your finances anytime and anywhere with ease.