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Tag: banking

Cahoot’s “useful” service?

Cahoot’s “useful” service?

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What’s worse than a service that doesn’t work? How about a service that tries and fails? Well, I have an account with Cahoot and they offer a service whereby if you overdraw your account they will SMS or email you. Well, I overdrew my account this week on Tuesday, noticed when I checked my account on Wednesday and transferred some more funds in. What I wasn’t expecting was an SMS on THURSDAY telling me that my account was overdrawn. That’s…

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Can it go faster?

Can it go faster?

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If you live in the UK you might have heard of Faster Payments, an initiative the banks are putting in place to speed up inter-bank transfers. Previously bank transfers used to take 3-4 days and using Faster Payments a transfer can be done in a couple of hours. Not all banks are taking part in this yet, so a useful resource to know about is one where you can check if a bank is participating in the scheme. Just type…

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