Cahoot's transaction limits

allegro120

My Cahoot Simple Saver is ending this weekend.  Does anyone know what's the daily withdrawal limit and does the whole weekend counts as 1 day (like with Ulster and probably some other banks).  I can't find any of this info in Cahoot's t&c.

Marcoos

How much you looking to move out? I had to move £19k out last month, and that went with no issues.

k12479

IIRC the maximum transfer limit is £20k, but you can make multiple transfers one after the other. Not sure of the absolute limit (maybe £100k) but I moved £50k in one day.

janusd

allegro120 said:

My Cahoot Simple Saver is ending this weekend.  Does anyone know what's the daily withdrawal limit and does the whole weekend counts as 1 day (like with Ulster and probably some other banks).  I can't find any of this info in Cahoot's t&c.

if you're doing the transfer online, it's £25k per transaction (perhaps £24,999.99 in practice) with a £100k limit per 24 hours (same as Santander) - so the weekend would count as two days.

if you need to do it in one go, there is the option of doing it over the phone.

previously, there has been discussion in the old EA thread that it may be reduced for newer customers, but it's always been the above for me.

gt94sss2

Does anyone know what time Cahoot send payments scheduled in advance?

Santander do it immediately after midnight but Cahoot seem to do it later..

Gambler

https://forums.moneysavingexpert.com/discussion/comment/81227056#Comment_81227056

Thanks for this. I just tried to transfer £25K but wouldn't let me. Reduced by £50 and it went through.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81913531#Comment_81913531

"You can make single payments of up to £24,999.99 for free through Online Banking. You can only make £100,000 worth of payments in the same 24-hour period." - so presumably £24999 followed by £1 should work.