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Abbey National's online bank falls over on first day

By John Oates

Published: 12 June 2000 15:38 GMT

Technical glitches have prevented hundreds of potential customers signing up to Abbey National's online venture, Cahoot, which opened for business this morning.

Abbey National intended to raise the bar in online banking as it launched with a 0 per cent finance credit card offer for the first 25,000 people who registered. However, just hours after going live, the system crashed.

A spokesman for the company said several hundred people had been successful in filing their applications before the technical "glitches". It is now testing the system to discover what caused the problems.

For related stories see:
Abbey National appoints first woman board member http://www.silicon.com/a37462
Abbey National joins the Internet revolution http://www.silicon.com/a37381

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