Hoot Savings accounts
How do I open a savings account?
You must join the credit union first to start saving.
Simply go to the Join Us tab, check your eligibility and apply.
Once your membership is approved you will be allocated a member number and sent a welcome pack telling you all about Hoot and how you can save with the credit union.
Once you have started savings you can ask for a Christmas Savings or Nest Egg pot to be added to your Regular savings account.
Will I get a sort code and account number?
No, a Hoot account is a savings account and not a bank account.
We cannot offer the account facilities that a bank can such as debit card, standing orders, direct debits or your own account number.
Your membership number is what identifies your account.
See below to learn how to pay into or withdraw from your account
Can I get my wages or benefits paid into my Hoot account?
You can have wages or benefits paid in using these details.
Account name: Hoot Credit Union
Sort Code: 08-92-99
Account No: 6515528
Reference: Your Hoot member number*, National Insurance Number or Child Benefit Payment Reference .
*It is very important to use your membership number or National Insurance Number as your reference so we can correctly allocate your payment to your account. If you do not use the correct reference we will not be able to allocate the payment to your account.
I don't want a loan. Can I just save?
Yes, many Hoot members save without borrowing.
You can apply for a loan at anytime, but if you just want to save that’s fine.
How do I pay money into my Hoot account?
How to pay in
From your Bank Account:
By regular standing order or one-off payment using these details:
Account name: Hoot Credit Union
Sort Code: 08-92-99
Account No: 6515528
Reference: Your Hoot member number*
*It is very important to use your membership number as your reference so we can correctly allocate your payment to your account. If you do not use the correct reference we will not be able to allocate the payment to your account.
From your Benefits:
Directly from one of your benefits, such as Child Benefit or Tax Credits. You will need to contact the DWP and supply them with the following details:
Account name: Hoot Credit Union
Sort Code: 08-92-99
Account No: 6515528
Reference: Your Hoot member number*, National Insurance Number or Child Benefit Payment Reference .
*It is very important to use your membership number or National Insurance Number as your reference so we can correctly allocate your payment to your account. If you do not use the correct reference we will not be able to allocate the payment to your account.
From your wages
Check to see if your employers offers payroll deduction with Hoot.
Cash deposit in branch
You can deposit up to £250 in cash at our town centre branch.
How do I withdraw my money?
Looking to withdraw some of your savings?
You can withdraw your savings that are not pledged to a loan in three ways:
- By making a withdrawal on your app or online account (see below)
- In cash at our Victoria Square branch (maximum of £250)
- By phone on 01204 365024 or email enquiries@wisewithmoney.org.uk
- Onto your Engage Prepaid card by phone or message
Please remember to register your bank details with us in advance. When contacting us to make a withdrawal please make sure you have your member number and bank account details to hand.
Members must leave a minimum of £1 in your Regular Savings Account at all times.
If you are a member of Hoot you can register on the member area to find balances and make withdrawal requests.
You can also download our App. Look for Incuto in the Apple Store or Google Play
For our opening hours and contact details, click here
Will I earn interest on my savings?
As a co-operative, Hoot savings earn a dividend rather than interest.
Dividends are your share of the profit in proportion to your savings and are agreed by members at the Annual General Meeting.
We cannot guarantee a dividend or confirm what that is until after the AGM. You can find out what has been paid in previous years by contacting us enquiries@wisewithmoney.org.uk
Member of ABCUL
Authorised and Regulated by
Founder member of CFCFE
Your money is protected up to £85,000
