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New Cahoot Online Banking Site

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  • Dan83
    Dan83 Posts: 673 Forumite
    Eighth Anniversary 500 Posts Combo Breaker
    What are the advantages of a cahoot account compared to a high street bank account?
  • System
    System Posts: 178,344 Community Admin
    10,000 Posts Photogenic Name Dropper
    edited 19 March 2016 at 1:36PM
    Cahoot isn't taking on any new customers. The only advantage I can see is the interest free £100 overdraft facility and the very good overdraft rates and debit balances over the £100 - 11.8% and no daily or monthly fee. Everything else is bog standard. I don't use it day to day but can't bring myself to close it in case something exciting happens in the future, lol.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • neilsedaka
    neilsedaka Posts: 396 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Cahoot provide envelopes for paying in cheques postage free. Only use cheques once in a blue moon though.
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