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New Cahoot Online Banking Site

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Santander has revamped the Cahoot online banking site. As far as I can see it is pretty much the same as the Santander site but with Cahoot branding.

Why are they doing this? The Cahoot brand doesn't seem to be going anywhere and is closed to new customers. My thinking is that now the site is a mirror of the Santander site it would be a piece of cake to rebrand it to Santander and turn everyone's Cahoot account into a Santander account.

Any views on this?
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Comments

  • Chris2000
    Chris2000 Posts: 318 Forumite
    Part of the Furniture Combo Breaker
    It's possible but seems unlikely now they have gone to the expense of creating a modified version of the website. There are more changes than just the logo.

    I think cahoot was originally funded separately from the main abbey business via a securitised structure so they may need to keep it separate from the main bank.
  • jimjames
    jimjames Posts: 18,657 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I wonder if the old site no longer met current security requirements so had to be moved or shut down and they decided to move.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    Getting reedy to re launch ?
  • Doctor_Duke
    Doctor_Duke Posts: 303 Forumite
    Oh the memories, Cahoot, Egg, the original Marbles, Goldfish......
  • System
    System Posts: 178,346 Community Admin
    10,000 Posts Photogenic Name Dropper
    The new site is effectively Santander, just like the Yorkshire Bank online banking site is exactly the same as the Clydesdale Bank site apart from the logo and colour scheme and one or two links. To make the jump to Santander they would now only need to change some very minor details. IMO it is either a transition or the first step of some sort of relaunch.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    Cost control measure.
  • MABLE
    MABLE Posts: 4,235 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Security needed to be tightened. A fraudster put £53,000 into my Cahoot account by rifling through other Cahoot customers accounts.
  • Gizmo247
    Gizmo247 Posts: 492 Forumite
    Eighth Anniversary 100 Posts Name Dropper Mortgage-free Glee!
    Cost control measure.

    For sure. Santander seem to have finally come to the conclusion that no one wants to buy a toxic bank in this financial climate. Moving to a single feature-rich platform will reduce the face-to-face (not literally in this case) customer service requirement and allow staff to be trained on a single system. I presume Mobile App support will soon be possible too.

    Who knows, with the rise of cloud banking, cahoot could make a come back but I suspect Santander will just let it fade away.
    MFiT-T3 #149: {Q4/14} (£46,447)-->(£0) ~ +£46,447=100%
    Mortgage Free: 1st October 2014 :j
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    What part is new?
  • The new 'Cahoot' site is the reason I will be taking my 10 year custom elsewhere. It used to be so simple paying off your Cahoot Credit card... not now! The website has also been down so alot recently - the old Cahoot was great but since coming under Santander no thanks!
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