Cahoot and Intelligent Finance winding down?

Milarky

BeachNut wrote: »

Cahoot current accounts offered interest free overdrafts of upto 100 pounds. You could have more than 1 account. Why close the accounts when you can leave them idle with the max interest free overdraft balance on them ? Put the funds into santander 123 account... so Santander end up paying you interest on cash you are borrowing from them interest free. :T

I have used my cahoot credit card for 'interest-free period' balance transfers - eeking out an extra month here and there on the 46 days maximum between statement date and collection date because they don't charge a fee and treat such a transaction in the same way as a purchase. But this has to be requested by post - so much for an 'internet bank'!

(Did I say their website makes Egg's look modern, too?)