By using digital banking services, many Nigerians have saved a lot of time and effort. Essentially, these digital banking infrastructures allow you to access traditional banking services in a more efficient and comfortable manner. In Nigeria, Corebank is a significant digital financial services provider. Everything you need to know about their digital infrastructure may be found below.
Corebank: A Quick Overview
CoreBank is a Corestep Microfinance Bank’s digital Fintech Platform. The fintech infrastructure, in short, provides Nigerians with digital retail financial services and has over 150,000 active consumers.
Corestep Microfinance Bank, the platform’s parent company, is a reputed loan agency in Nigeria that was created in 2009. Essentially, this company provides financial services in an ethical, sustainable, and profitable manner to low-income earners and micro-entrepreneurs. Finally, the headquarters of Core Microfinance Bank are in Lagos, Nigeria.
What are the services offered by Corebank?
In essence, the financial infrastructure functions similarly to a traditional bank. Among the services offered are:
1. Savings and Investments
The deposit and investment tool enables you to locate your digital wallet and, if desired, invest your funds. This feature is made up of sub-features such as Coreflex, Savings, Corethrift, and Fixed Deposit.
2. Payment and Collection of Bills
You can pay your bills and shop for supplies. This feature includes sub-features such as purchasing airtime and data subscriptions, cable TV subscriptions, and paying your electric bill.
3. Consulting services
Customers can also get professional guidance on how to manage and invest their money using the fintech platform. Some Secretariat Services, Association/Cooperatives Management Services, and Financial Advisory to customers who require it are all included in the Advisory Services section.
4. Loans
Small and medium-scale firms (SME’s) can use the platform to get loans and overdrafts. Customers can also take advantage of Core Thrift Advance. This implies you can use the fintech platform to borrow money to fund your firm.
5. The No-Fee and Earn-Rewards Option
This one-of-a-kind feature allows you to conduct an unlimited number of transactions at no cost while also collecting incentives.
The portal also provides financial assistance to charities and grants to needy Nigerians.
How do I sign up with Corebank?
Follow the steps below to set up an account with Corebank:
- Go to www.corestepmfb.com and look around.
- Tap the “Create New Account” toolbar as well. You have the option of creating a personal or a business account.
- Fill in your basic information and submit the registration form if you’re creating a personal account. For a business account, however, you must fill out the form with information about your company.
You can also register through their smartphone app, CoreBank mobile. To register, simply download the app from the App Store for your iPhone or the Google Play Store for your Android phone.
What documents are needed to register with Corebank?
To register on the Corebank platform, you’ll need the following documents:
- Your Valid BVN
- A recent Utility Bill (Nepa Bill, or Waste Bill)
- Also, if you want to open a business account, you need your CAC Business Registration Documents
- Your basic information like name, address, phone number, email address, etc
Finally, you’ll need a government-issued identification card, such as a National ID Card or a Voters Card.
What qualifies me to take out a loan from Corebank?
To be eligible for a loan, you must conduct regular transactions with your account. The platform will tell you when you are eligible. After that, you can successfully apply for a loan.
What is the procedure for downloading the Core bank app?
To get the Corebank mobile app, follow the steps below:
- Open your Android phone’s Google Play Store. Go to the App Store if you have an iPhone.
- In the search bar, type in “Corebank mobile.”
Finally, install the app, run it, and create an account.
How can I contact Corebank?
Here are various ways that you can contact Corebank:
Office Address: 22/24 Ago Palace Way Okota Isolo Lagos
Phone Number: +234 915 555 6905, +234 915 555 6906, +234 913 883 1511, +234 913 888 1301
Email Address: customercare@corestepmfb.com
Website: www.corestepmfb.com
Conclusion
Corebank is a platform for digital banking. It offers a wide range of financial services, including as deposits, withdrawals, bill payment and collection, transfers, financial counseling services, and loans.
In addition, the platform incorporates mobile banking, POS terminals, a web app, and cluster banking from express partners. Overall, the platform provides a secure digital environment through which you can access your financial services.
Source: Nyscinfo