Let D ⊂ C n be a smoothly bounded pseudoconvex Levi corank one domain with defining function r, i.e., the Levi form ∂∂r of the boundary ∂D has at least (n − 2) positive eigenvalues everywhere on ∂D. The main goal of this article is to obtain bounds for the Carathéodory, Kobayashi and the Bergman distance between a given pair of points p, q ∈ D in terms of parameters that reflect the Levi geometry of ∂D and the distance of these points to the boundary. Applications include an understanding of Fridman's invariant for the Kobayashi metric on Levi corank one domains, a description of the balls in the Kobayashi metric on such domains that are centered at points close to the boundary in terms of Euclidean data and the boundary behaviour of Kobayashi isometries from such domains.