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Business Banking & Borrowing FAQs

We offer a variety of benefits for business account holders, and encourage you to set up a business banking account with us. It’s easy to keep your business transactions separate from personal finances when you choose an account with Core Bank.

Business Services

How do I set up a business account?

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

What are the monthly fees associated with owning a business account?

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

Do I need to separate business and personal accounts?

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

Business Checking Accounts

How much do you need to open a business checking account?

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

Can I open a business checking account online?

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

What are the monthly fees of a business checking account?

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

Business Money Market Accounts

What is a money market account?

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

Can you lose money in a money market account?

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

Can a business have a money market account?

Yes, a business can have a money market account.

How much interest do money money market accounts accrue?

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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Business Loans and Lines of Credit

We offer business loans and lines of credit at Core Bank for business owners.

How do I get a business loan?

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

What are business loans used for?

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

What is a business line of credit?

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.

Treasury Services

We offer treasury services at Core Bank that include remote deposit capture, mobile banking, point-of-sale, payables, and cash management.

How do remote deposit capture (RDC) services work?

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.

What payables and receivables services do you offer?

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.

How does business mobile banking work?

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.

Health Savings Accounts

Core Bank offers solutions for employers who need a Health Savings Account to complement their employee health plan.

What is healthcare banking?

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

What is a health savings account?

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

Who is eligible for a health savings account?

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

    What are the benefits of an HSA?

    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

      Other Services FAQs

      What are other business services offered at Core Bank?

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

      How does business online and mobile banking work?

      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.

      Find a Core Bank Near You

      Core Bank proudly offers personal and business banking solutions made for you. With banking centers in Omaha, Overland Park, and Mesa, we’re here to help you borrow and save confidently. Discover your nearest Core Bank today!

      Contact Core Bank

      Get in touch with our team today to learn more about our services! and to sign up for your own business accounts today!


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