Difference between revisions of "Cahoot"

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(Description of Charges)
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== Description of Charges ==
 
== Description of Charges ==
  
If you know these for this bank, please add them here.
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Cahoot deferred finance charge
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Cahoot billed finance charge
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Cahoot overlimit charge assessment
  
 
== Contact Details ==
 
== Contact Details ==

Revision as of 22:53, 24 January 2009

Description of Charges

Cahoot deferred finance charge Cahoot billed finance charge Cahoot overlimit charge assessment

Contact Details

REGISTERED ADDRESS: -

CAHOOT
Friars House
PO Box 1981
Coventry
CV1 2ZD


COMPLAINTS DEPARTMENT EMAIL ADDRESS: -

Online Contacts


CUSTOMER SERVICE/COMPLAINTS CONTACT NUMBER: -

0870 6000 655


INTERNET BANKING WEBSITE: -

Log On


HOW TO OBTAIN YOUR STATEMENTS ON LINE: -

If You Have This Information Please edit here or PM a Moderator


OTHER CONTACTS: -

If You Have This Information Please edit here or PM a Moderator

Other Banks

See the Banks page for a list of other banks and credit cards


Created by Me01273 22:59, 28 May 2007 (BST)

From Wikipedia

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, England.

History

The 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.

Initially led by Tim Murley, the bank was taken over by Tim Sawyer in 2002 who was later succeeded by John Goddard in 2005. Murley remains at Abbey as head of wealth management whilst Sawyer left at start of 2005. Intriguingly, the Times newspaper, post his departure, reported that Sawyer was a long time member of the intelligence community and had returned to a more active role.

The future of Cahoot remains unclear, as bad debt has affected profitability. Santander states it remains committed to the brand but marketing spend has largely ceased, with most marketing staff being redeployed elsewhere.

Products

Cahoot offers current accounts, savings accounts, and the Webcard. Within its product range, Cahoot's innovate Webcard is notable for its ability to generate an individual, one use card number for each online transaction. This is designed to combat fraud, particularly when used for Internet-based transactions.

In 2006, Cahoot ceased all new sales of credit cards, personal loans and mortgages and now redirects all enquiries to its parent bank, Abbey. In line with those closures it has increased many of its interest rates for existing customers.

References

See also

External links