that could see customers charged £93 each MONTH

• Bank to charge customers 75p, £1.50 or £3-a-day for using their overdraft
• Barclays say customers prefer this to complicated interest charges
• Moneycomms says those who regularly use overdraft could pay triple
  
• Charges for exceeding overdraft limit reduced from £22 to £5-a-day

Barclays will hit customers with daily fees for being in their overdraft instead of charging interest from June in a move expected to affect 5.5million current account holders. Struggling customers who repeatedly exceed their overdraft limits will benefit most from Barclays' sweeping changes to charges, but those who spend the majority of the month in their overdrafts but don't exceed their limits will be worse off. Barclays estimates that 70 per cent of customers will see no change or will be better off as a result of the changes, which will introduce charges for authorised overdrafts of between 75p to £3-a-day, meaning someone spending a whole month in their overdraft could be charged from £21 to £93. This will penalise people who have problems getting out of their overdraft, spending much of the month in there. Barclays say this represents about 30 per cent of their overdraft customers, but of these, half will be less than £7.50-a-month worse off as they have overdrafts of under £1,000............Read more here