Cancelling Accounts or/and Overdrafts

[DANSTA]

Hope someone can help.

Just wanted to know if anyone has any knowlege of Cahoot cancelling overdrafts or accounts when claiming unfair charges back. I have quite a large overdraft with them which there is no way I can afford to pay if they decide to cancel it. Unfortuatley I will not be able to get this overdraft with another bank so I'm kind of stuck really.

Advice would be apreciated..

[Steward]

You can use Google to search the web using these links below:-

[Piggy bank]

It is contrary to the Banking Code to take such punitative measures during what is in effect a dispute. There should be more information about this on the site as well.
However, I think there have been people where after the conclusion of court case Cahoot have asked to close the account (here's one: http://www.consumeractiongroup.co.uk...get-tough.html)

Either way, Cahoot's terms and conditions state that they should give you 30 days notice before ending an agreement and closing the account: legal T&Ts

There are plenty of recommendations for free parachute accounts, which you might still be able to open.

[DANSTA]

Thanks for the responce and the links but I'm trying to find out if 'they' can cancel my overdraft and demand repayment which there is no way I can do.