Just another Current Account (Cahoot)

Member Name: macrae

Product:	Cahoot
Date:	15/09/02 (124 review reads)
Rating:

Advantages: free £250 overdraft, intrest in you money in credit, ease of use

Disadvantages: no face to face bank manager, no monthly statement through door

I am one of those people that will change banks or credit cards at the drop of a hat, there isn't anyone out there that seems to care about loyalty or even basic customer care, so why should I have any to them.

So when Cahoot began their online banking system I thought I will give this a go and see what is was like.

I filled in all the online questions and submitted it like a good egg I am and waited I had my account details and conformation password within days and within days of confirming my password I had my debit cards for myself and wife. These you had a choice of 3 designs which I thought was a simple but good idea, just a pity they weren?t a little snazzier.

What amazed me was that I had a £250 free overdraft from day one without putting any money in at all; very generous I thought and like a good egg spent it before putting any in.

I have been with them now 12 months now and have had no problems accessing money and transferring to other accounts or paying bills made life a lot easier

I took the no cheque book option as it gave a better rate of interest on your money which as I type is 4.1 % AER

You can put money in at the post office or at any High St bank in the little money envelopes that are provided.

As with all banks there are other items you can have i.e. deposit account, credit cards, loans and mortgages but as I have not tried them at present I cannot give an op on that side.

As current accounts go and you want one you can access on line I say it would be hard to beat and it is always worth a try if your not happy with you own bank.

Summary: