Cahoot/Santander £50 dormant account offer

Kernel_Sanders

(Santander added to thread title)

OK not necessarily officially dormant, but I've received an email from Cahoot this evening offering £50 for funding a disused savings account with £100 and keeping it there until the end of the month. This looked suspicious, not least because I don't recognise the account number it quoted! There was also a login link within the email which I thought might lead to a fake site, but it's actually https://www.cahoot.com/online-banking/

Has anyone received similar?

Stompa

Yes, I've just received the same offer. It looks legit to me:

https://www.cahoot.com/landing/campaign

though I'm very puzzled as to what they're hoping to achieve!

As far as I can see you've only got to have a balance of £100+ at midnight on 30th Nov, so can presumably deposit it on the morning of 30th Nov and withdraw it the next day?

explorerm

https://forums.moneysavingexpert.com/discussion/6689252/cahoot-50-dormant-account-offer

I have received a similar email this evening but mine is from Santander.

arfster

Got the exact same offer for an old and long unused Santander account.

Kim_13

The same for me for Santander, only unused for a couple of months though. Will put the money in when I get paid rather than leaving it to the 30th and risking forgetting.

There was something in the Santander email (about going to the pay and transfer tab to get started) that made me think it had to be done via open banking ratger than a simple bank transfer to qualify. Nothing on the linked Santander page though.

sgthammer

Free money woohoo!

Clare43

I’ve got the email as well. Going to sort in a minute. Easy money 😊

fly-catchers

Got that as well. As my sunny day account is now on the default 1% is it likely if you convert back to another Sunny day one (if available) that the £50 will still occur. Or is it safer to just leave it until you get the £50?!

oldsparkey

https://forums.moneysavingexpert.com/discussion/comment/82191344#Comment_82191344

https://forums.moneysavingexpert.com/discussion/comment/82191644#Comment_82191644

Yes i had the same offer.rang them to confirm legit and they are posting two letters to re activate dormant account.They also said i can transfer it to a simple saver paying 4.5% variable and taxable (£1000 limit on interest) with no withdrawal penalty.Thats better than my isa.

jimjames

Wish I'd left my account empty, fortunately my wife has one and got the email so now topped up. Not many places you can legitimately get 50% return in a month!

Gambler

I do have a Santander account that has been empty since June but no email for me.