cahoot offers 24-hour internet banking. You can carry out online banking transactions whenever you want and it won't cost you a penny except for your own internet or phone connection. If there's a charge, such as for a copy of a statement, we'll let you know the cost so that you can decide whether you want to order it. We try to provide internet banking at all times. However, the service may be reduced if we have to, for example, update the site.

As well as the fees and charges listed on this page, you'll be responsible for any other reasonable costs which we may have to pay as a result of your failure to carry out your responsibilities. This includes the cost of letting you know about any failure to meet your responsibilities and making you pay any amounts due under the agreement.

current accounts

cahoot current account (not currently on sale)

Your everyday banking transactions - paying money in, writing cheques, setting up standing orders, Direct Debits and transfers, and paying bills in the UK - are absolutely free.

Interest rates on the money in your account

Account balance
(with or without a chequebook)
Gross p.a. / AER*
(variable)
£1 plus 0.00%


Previous rates

We don't pay interest on this account. Rates are subject to variation and correct as at 8 June 2015.

arranged overdraft interest rates

As a cahoot customer you'll automatically get a £100 interest-free arranged overdraft. The following table is an example based on a typical customer who asks us for an arranged overdraft limit of £1,000.

The typical rate reflects a rating we expect to be able to offer to most new customers. The rate we offer you will depend on your credit rating and your agreed overdraft limit.

Overdraft limit Monthly interest rate Typical APR
£1,000 0.9367% 11.8%


Overdrafts and bank charges

Your rates and fees explained

cahoot debit card charges

You can use the cahoot debit card at millions of outlets worldwide - at Santander UK cash machines, LINK cash machines or any other cash machine displaying the Visa logo.

Using LINK network cash machines No charge
VISA cash withdrawal handling charge* (cash machine or over the counter) 1.5% of the amount you withdraw
(at least £1.50 minimum)
Using your card overseas
VISA non-sterling cash fee
1.5% of the value (at least £1.50)
Non-sterling transaction fee Additional 2.25% of the withdrawal or purchase amount

*This applies to banks, organisations or cash machines displaying the VISA logo but which are not part of the LINK cash machine network.

Other charges

We charge for other services based on the administration, postage and other costs we may have to pay.

Paper statement £5
Banker's reference £10
Copy cheque £5
Data Protection Subject Access Requests £10
Foreign cheque processing fee £10
Stopped cheque £12
Unpaid transaction fee £10
Late repayment on cahoot credit card £12 for each late repayment
Returned payment fee on cahoot credit card £12
Over limit fee on cahoot credit card £12
EEA (CHAPS) and International Payments £25
International Euro Payments (Non urgent - SEPA) £15 per euro transfer
Large cash delivery £25
Unarranged overdraft usage fee* £6 per statement period
Unarranged overdraft interest 21.9% EAR** (variable)
Arranged overdraft interest As per your credit agreement***

*Payable for each statement period during which you exceed your overdraft limit.

**EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges. Overdrafts depend on your circumstances and you must repay any overdraft when we ask, in line with the 'cahoot current account - conditions (not currently on sale)'.

***For full details of the arranged overdraft interest applicable to your account, please go to 'View transactions' in your online banking at cahoot.com.

credit cards

cahoot credit card (not currently on sale)

VISA cash withdrawal handling charge1 1.5% of the value (minimum £1.50)
Over the counter cash transactions 1.5% of the value (minimum £1.50)


overseas card usage

VISA non-sterling cash fee1 1.5% of the value (minimum £1.50)*
Non-sterling transaction fee Additional 2.25% of the withdrawal or purchase amount

1 From banks, organisations or cash machines displaying the VISA symbol but which are not part of the LINK cash machine network.

savings accounts

cahoot savings account (not currently on sale)

Annual interest available from 14 August 2002 to date, monthly interest available from 28 June 2006 to date.

Rates for interest paid annually (rates are variable)

account balance Gross p.a. / AER
£1 plus 0.25%

Rates for interest paid monthly (rates are variable)

account balance Gross p.a. / AER
£1 plus 0.25%


Previous rates

Rates are subject to variation and correct as at 1st November 2016.

Annual or monthly interest can be chosen at account opening. Once chosen it cannot be altered at a later date.

AER and EAR explained

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.

EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our general terms and conditions.

Gross rate explained

The gross rate is the interest rate that we pay where no income tax has been deducted.