Cahoot Bank is one of the most successful banks in the world. Now, it is the part of Santander UK plc, the United Kingdom subsidiary of the Spanish Grupo Santander. The bank was launched in 2000 as the Internet bank of Abbey based in Coventry, England. By the end of 2004, it had around 650,000 customers.
Screenshot of www.cahoot.com
By technical issues that prevented many prospective customers accessing the website, the launch of Cahoot bank was marred. At launch, Cahoot offered interest free overdrafts and credit cards to its first 25,000 customers as a pricing strategy.
Cahoot bank attracts new UK customers through its innovative technology and product diversity since over the last ten years. Cahoot has grown considerably in stature and now expands number of satisfied customers and a host of awards for its services. Besides of being completely internet based, it offers full current account service, unlike other online banks. Cahoot’s current and credit accounts can be accessed online and through mobile phones using WAP technology.
You are able to move funds easily between accounts, schedule fund transfers to other people, view past statements, etc with its online services. Account alerts will be sent to your email or mobile phone as a text message. Cahoot’s other services include a flexible loan, a credit card, savings, insurance, mortgages and a share trading etc. The bank’s telephone banking service allows you access balances and statements through the phone and carries out inter-account transfers.
Cahoot provides current accounts and savings accounts, as well as its Webcard – a unique product allowing customers to make safe purchases online by producing a new card number for each transaction. Cahoot is a United Kingdoms’ online banking that allows its costumers to apply for all products from home.
Cahoot Bank Accounts:
Cahoot bank accounts offer a financial solution for everyday transactions. Cahoot won the award for Best current account provider in 2008. Its account comes with a plenty of features and benefits such as an interest free overdraft, free purchase protection on items purchased on the card, high interest rates and anytime anywhere easy access to your account via Cahoot’s online banking service etc. There are more than 700,000 Visa cash machines available to access your cash.
Cahoot Bank Saving Accounts:
Cahoot offers a full range of savings accounts that designed to fulfill your different saving needs. You can start saving from as little as £1in your Cahoot savings accounts. The bank offers interest rates above the Bank of England Base rate. Cahoot savings accounts provide freedom and flexibility, with no penalties for withdrawals, and generous rates for all customers. You can manage your saving account 24 hours in day and 7 days a week using the online banking service.
Cahoot Bank Online Banking
With the Cahoot UK internet banking you can manage your finances better and save your money.
- High in-credit rates
- Overdraft buffer where the first £100 is interest free
- Free purchase protection
Cahoot Bank Online Banking service avails you manage your Internet current account online 24 hours a day, pay bills, transfer money between accounts and view past statements. If you are going away and have no access to the Internet to do your banking, then you can future date any payments you wish to make.
You will get personalized account alerts via email or through mobile as a text message. You can use webcard – a virtual debit or credit card to shop online.
To know more about Cahoot Bank Account and Webcard, visit www.cahoot.com/products