Money Advice Direct
FREEPHONE 0800 074 6918
Cahoot is an Internet bank in the United Kingdom, launched by Abbey, which is now part of Grupo Santander of Spain. The bank was launched in 2000 as the Internet bank of Abbey, and at the end of 2004 had some 650,000 customers.
Cahoot is based in Coventry, EnglandThe launch of Cahoot was marred by technical issues that prevented many prospective customers accessing the website. At launch, Cahoot offered interest free overdrafts and credit cards to its first 25,000 customers as a pricing strategy.In November 2004, Cahoot was hit by a security scare whereby customers' statements and balances could be accessed without going through security procedures, following an update to its online banking system.
Prior to takeover by Santander, Cahoot recovered from its launch and security issues to achieve over 600,000 accounts and a significant share of the unsecured lending market in the UK. It was consistently rated in Consumers' Association and Guardian surveys in the top three best banks in the UK for service and pricing.
Apply online - act now and get your money back!!