The kids got Cahoot!

Advantages: Very easy to use, good customer service, good interest rates, instant access
Disadvantages: lack of contact available face to face,

...Would you like to earn more interest? *************************************** I have been a customer of Cahoot since 2003, when I switched from Barclays. My main reason for switching was at the time the Barclays current account was paying me something like 0.01% for an in credit balance, whereas Cahoot offered 3.5%. I don't know whether you recall now but the only main stream advertising Cahoot has really done was around 2002-2003, TV adverts featuring a bunch of cowboys sitting around playing cards with the phrase 'The kids got Cahoot' as the punchline. It was enough to interest me anyway. Cahoot regularly feature in best buy tables such as those in any of the quality weekend papers and have also recently been awarded the Which? Award 2008 for Best Current Account Provider. Who are Cahoot? ******************** Cahoot is...

Shoka 24.02.2006 (18.07.2008) · Read review
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Review of Cahoot

  Two hoots for cahoot

Advantages: Good interest rates, good customer service
Disadvantages: Some transfers can be complicated, personal page a tad unclear

...Around this time last year I had a small sum of money that I wanted to put somewhere - nothing risky, just somewhere where I wouldn't be tempted to use it and could save and add to it for a holiday this summer. I saw a pop-up for a Zurich bank account which offered the best interest rate, and a free case of wine if you were eligible which I was. I know quite a few Ciaoers took advantage of this, but a couple of weeks later, they published poor financial results and closed their online banking arm, giving each customer their wine and £200 good will with no strings attached. So, back to square 1, but with another £200 in the fund, I found Cahoot to be the next best interest rate and so joined them. I opened a current account and savings account - both of which will be the central focus of this review. ---Applying--- Applying was...

m.lyon 16.09.2003 · Read review
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Review of Cahoot

It's Cahoot Sir

Advantages: Low rates, Good service
Disadvantages: Site down time

...For interest rates on credit cards and current accounts it's hard to beat Cahoot. But there's much more to a great card than just the rates. I've had a Cahoot credit card for over a year now. The application process was simple and quick, the card arrived promptly and I've had no acceptance problems in any outlet. Periodically there are balance transfer incentives, namely 'reduce you balance by 5%', which offers more immediate rewards than simple lower rate balance transfer options offered by other cards and are truly a inspired tactic. I usually transfer the balance to get the reduction and then transfer it straight back out again (they must hate me!). One big downer is they recently reviewed my APR and changed it from 9% to 11% without informing me. The emailed enquiry I sent as to why this had happened was answered within 24...

michaird 04.07.2002 · Read review
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Review of Cahoot

Make sure you understand why Cahoot exists

Advantages: manage your finances online
Disadvantages: retain your money for four days during transfer processes, little or no help when problems arise

...Cahoot is an online banking company. It does not have the overheads such as high street buildings and it has low cost accounts to encourage you to use their services. However, they do hold on to your money for around four working days when you choose to transfer your money to another account and there is no documentation to explain this process. In addition, any discrepencies you may have with them will need to be submitted in writing which can be difficult if you only have electronic proof. Cahoot encourage you to email them where possible and the response time is pretty good, the phone number is tricky to find but the staff again are pleasant. I have just closed my account because they took so long to transfer my money and also imposed a restriction for security reasons onto my account (for my benefit) without telling me. As...

joroma80 25.11.2009 · Read review
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Review of Cahoot

two hoots for cahoot

Advantages: best interest rate, easy access
Disadvantages: difficult to make large cash withdrawals

...Cahoot is a division of Abbey National plc, who used to be a Building Society (remember them?) before demutualising then broadening its product range in order to leave it in its present state. Cahoot offer a whole range of financial services: current accounts, credit cards, loans, savings accounts, investment services and share services. I shall focus on just one of these services, the current account. What? Cahoot is an on-line bank, operated over the Internet. That said, you can not do everything over the Internet. Cheque deposits are made by post, or at the Post Office. Up to £500 cash per day can be withdrawn from Link cash machines in the UK, and from Visa cash machines around the world. The cash card also acts as a cheque guarantee card up to £100, provided you choose to have a cheque book, but more...

k0622146 05.03.2003 · Read review
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Review of Cahoot

Get In Cahoots With Cahoot And Earn Fifty Quid

Advantages: Low Interest Rates, Daily Iterest, Flexible
Disadvantages: Online Account Only, Temptation To Only Pay The Minimum Amount

...~~~~ Update~~~~~ Cahoot are offering you the chance to earn £50 paid into your Cahoot Felxible Loan. All you have to do is transfer a balance of £1500 or more from another credit or store card before the end of December and you will earn the £50! The cash gets paid in February so you must still have the balance outstanding then. This applies to both exisiting and new customers so if you haven't arranged a loan yet, get cracking! The same offer also applies to new or exisiting credit cards, check out the T&C's at www.cahoot.com ~~~~~~~ Ok, you may or may not have read my previous op about the basics of loans; I will now tell you about Cahoot. I wrote the other review and posted it separately as otherwise it would have been too long. I also think it is important to know the basics about loans before taking one out...

criple 23.04.2003 (12.11.2003) · Read review
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Review of Cahoot Loans

CAHOOT- NOT BAD AT ALL

Advantages: See op
Disadvantages: See op

...Cahoot is an Internet bank part of the well known Abbey National group. Cahoot began in 2000 & offered only credit cards but recently has added other products to their range i.e current accounts & loans. They have no high street branches & only offer banking via the internet or telephone(at national call charges). Cahoot was one of the original companies to offer interest free credit cards for a set period of time, I can't think of any at the time that offered this facility it was set to become a trend. I first heard of Cahoot on a sky digital channel known as "Simply money" it was not an advertisement but a best buy, only being offered to the first 50000 applicants(I think, can't recall the exact numer of applicants). My experience with them relates to having their credit card & current account. The credit card I originally...

mazhariqbal 05.10.2001 · Read review
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Review of Cahoot

Cahoot - A dollop of patience needed.

Advantages: Best rate of interest on deposits, good website generally, and ease of use.
Disadvantages: Poor communications, certain features not working properly yet

...I set up a Cahoot account last January, and believe me it ain't easy. To begin with there are about 9 or 10 pages of tedious form filling to complete. But make one mistake, accidental omission or misunderstanding, and the procedure grinds to a halt. In my case, I live in a block of flats, which has a name. On the first line of the address section is "House number". So if I typed 100 for that line, followed by "Wuthering Heights" for the 2nd line, followed by the street name on the next address line, Cahoot rejected this. After several attempts and combinations I tried to start the registration again, only to be told that my chosen username and password was already in use. Doh!!! This time I contacted Cahoot by telephone. That can be a trial in itself when they are busy, which they often are. Being on an 0870 code is expensive and time...

RippedoffPete 14.07.2001 · Read review
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Review of Cahoot

Applying for a Cahoot account- oh dear

Advantages: high interest rate on current account, low APR on credit card
Disadvantages: very tiresome application process

...Who has not heard of Cahoot these days? I decided to take advantage of their high interest rate on the current account and applied on-line. The first thing that went wrong was that halfway through the application process I was informed that an error had occurred and that I should telephone the call-centre for help. I did so and was informed that all I had to do was go back to the beginning and by using the same log-in details I would be taken back to where I had been. Puzzled by having to telephone them for this information, I went back and re-applied, this time without any further problems. The one application can be used for a variety of products, including current, credit and loan accounts. I decided to apply for a current account and a credit card, as you can never have too many of those. You get asked what limits you want and...

mariesimone 05.10.2003 · Read review
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Review of Cahoot

  I Could Shoot Cahoot

Advantages: Competitive APR, logical web layout
Disadvantages: Procedural problems, slow response to emails

...What attracts me most to Internet finance products is the convenience and flexibility. I want to be able to administer changes to my account and complete transactions quickly, conveniently and wherever possible, without having to contact the bank concerned. The other key attraction should be that there is an opportunity to save money ? it?s cheaper for the bank, so it should be cheaper for me. The first Internet product to which I subscribed was a Cahoot credit card, several years ago. This is a summary of my thoughts and experiences over that time. WHY CAHOOT? I was attracted to Cahoot because the company was set up as an affiliate of the Abbey National group. Whilst the Abbey National is not necessarily the most competitive bank on the high street, I have always received good service from them and as a first stab at Internet...

LostWitness 13.06.2002 (29.08.2003) · Read review
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Review of Cahoot Card