Cahoot bank is one of the new breed of internet banks that have entered the banking sector over the last ten years, attracting new UK customers through their innovative technology and product diversity.
The bank is owned by Abbey National, although its services bear no resemblance to Abbey’s online banking service and its product range also differs from that of its parent company.
Cahoot has grown considerably in stature and now boasts plenty of satisfied customers and a host of awards for its services.
Despite being completely internet based, Cahoot banking is a full current account service, unlike other online banks. Users can access their Cahoot current and credit accounts online and through their mobile phones using WAP technology, and are able to move funds easily between accounts, schedule fund transfers to other people, view past statements, etc. Account alerts can be also set up through text messages .
Other services include a flexible loan, a credit card, savings, insurance, mortgages and a share trading service, while customers are also offered a range of shopping bargains to compete with the premium account services of some of the more established high street banks.
The company’s telephone banking service provides access to balances and statements over the phone and allows users to carry out inter-account transfers.
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