Business Banking & Borrowing FAQs

Our team members at one of our Core Bank locations can help you set up a business account.

There are no monthly fees for owning a business account at Core Bank.

Yes, it’s recommended that you keep your business and personal accounts separated.

There’s a $100 minimum to open a business checking account.

No, it’s recommended that you come into a Core Bank location to open a business checking account.

There are no monthly fees for owning a business checking account.

A money market account pays interest based on the current rates in the money markets.

Yes, you could possibly lose money in a money market account.

Yes, a business can have a money market account.

To find out the current interest rates on our money market accounts, reach out to a member of our business banking team today!

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You can apply for a business loan at one of our Core Bank locations.

Business loans can be used for equipment, business acquisition, and commercial real estate.

Business lines of credit are repaid from your business’s operating cash flow and provide short-term financing for your operating needs to support account receivables and inventory.

Your check images are electronically captured and submitted safely and securely from your home or office to the bank for processing. This streamlines your deposit process and accelerates your cash flow.

Whether it’s for collecting payment or making deposits, our Automated Clearing House (ACH) services provide improved cash flow efficiency and reduce the occurrence of check fraud.

With Core Bank Business mobile banking, you have instant, secure access to your accounts. App features include the ability to view balances and transactions, transfer funds between eligible accounts, make deposits, and pay bills. We have apps for both Apple and Android products.

Healthcare banking advises companies on mergers, acquisitions, and debt and equity capital insurance.

A health savings account is a tax-advantaged medical savings account available to taxpayers who are enrolled in a high deductible health plan.

You are an eligible individual if you:

• Are covered under an HDHP as defined by the IRS in Publication 969 at www.irs.gov
• Are not entitled to benefits under Medicare
• Are not able to be claimed as a dependent on another person’s tax return

The benefits of an HSA include:

• No minimum balance account option
• A local community bank account means access and personalized service for you and your employees
• Contributions are tax deductible, reducing the tax exposure for both employer and employee

We offer business checking and savings accounts, as well as loan and treasury services for business.

You have instant and secure access to your accounts through mobile banking. You can view balances and transactions, transfer funds between eligible accounts, make deposits, and pay bills.