Corebank – Everything you need to know

Feb 24th, 2022

Many Nigerians have saved a lot of time and effort by opting for digital banking services. Basically, these digital banking infrastructures offer you a better and more convenient way to access conventional banking services. Corebank is a leading digital financial service provider in Nigeria. Below, you will find everything you need to know about their digital infrastructure.

Core Bank
Core Bank

An Overview of Corebank

CoreBank is a digital Fintech Platform provided by Corestep Microfinance Bank. Basically, the fintech infrastructure provides Nigerians with retail financial service digitally and boasts of over 150,000 active customers. 

The parent company of this platform, Corestep Microfinance Bank is a reputable loan agency in Nigeria, which was founded in 2009. Basically, this organization economically empowers low-income earners and micro-entrepreneurs by providing financial services in an ethical, sustainable, and profitable manner. Lastly, Core Microfinance Bank has its headquarters located in Lagos, Nigeria.

What services does Corebank provide?

Basically, the financial infrastructure provides services similar to a regular bank. These services include:

1. Deposit and Investment 

The deposit and investment feature allows you to find your digital wallet and invest your money if you decide to. Basically, this feature encompasses sub-features like Coreflex, Savings, Corethrift, and Fixed Deposit.

2. Bill Payment and Collection

You can pay your utility bill and purchase necessities. This feature encompasses sub-features like Airtime & Data Subscription purchase, Cable TV subscription, as well as payment of Electricity Bill.

3. Advisory services

The fintech platform also offers its customers professional advice on how to manage and invest their money. The Advisory services feature encompasses sub-features like Some Secretariat Services, Association/Cooperatives Management Services, as well as Financial Advisory to customers who need it.

4. Loans

Basically, the platform offers loans and overdrafts to small and medium-scale enterprises (SME’s). Additionally, they provide Core Thrift Advance to their customers. This means that you can borrow money to fund your business from the fintech platform.

Also, read on USSD Code for Loans in Nigeria.

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5. Zero Fee and Earn Rewards Feature

This unique feature allows you to make limitless transactions at zero cost while earning rewards whenever you perform transactions.

The platform also offers financial support to charities and grants to Nigerians in need.

How can I register on Corebank?

To create an account with Corebank, follow the instructions below:

1. Visit the website,

2. Furthermore, touch the ā€œCreate New accountā€ toolbar. You can decide to create a personal account or a business account.

3. If you are creating a personal account, input your basic details and submit the registration form. However, for a business account, you need to include the details of your business on the form. 

Another way you can register is via their mobile app, CoreBank mobile. Just download the app from the App Store to your iPhone or Google Play Store to your Android phone and register.

What are the documents required to register on Corebank?

You need the following important documents to register on the Corebank platform:

1. Your Valid BVN

2. A recent Utility Bill (Nepa Bill, or  Waste Bill)

3. Also, if you want to open a business account, you need your CAC Business Registration DocumentsĀ 

4. Your basic details like name, address, phone number, email address, etc

Lastly, you need a valid government-issued Identity card like your National ID Card or Voters card 

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

To become eligible to borrow a loan, you have to make transactions with your account regularly. Once you become eligible, the platform will notify you. Thereafter, you can apply for a loan successfully.

How can I download the Core bank app?

Follow the steps below to download the Corebank mobile app:

1. Go to the Google Play Store on your Android phone. If you use an iPhone, go to the App Store.

2. Search for ā€˜Corebank mobileā€™ in the search bar

Lastly, Download the app, launch it and open 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:


Bottom Line

Corebank is basically a digital banking platform. It provides a variety of financial services for you including deposits, withdrawals, bills payment and collection, transfers, financial advisory services, as well as offering loans.

Additionally, the platform combines mobile banking, POS terminals, web app, and express partnersā€™ cluster banking. In all, the platform provides a credible digital space to access your banking services.

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