From April 2020, bank overdraft fees are undergoing a major shake-up.
The new rules, which come into force in April, require providers to charge a simple annual interest rate on all overdrafts and to get rid of fixed fees.
However, most have set the annual interest rate at 40% which is double the cost of a typical credit card.
So what can you do to avoid paying extra fees?
The Ask Martin Lewis Podcast is originally from The Emma Barnett Show on Monday 20 January 2020.