Barclays hoping to banish 'sins of the past'

Barclays is reviewing overdraft fees and charges faced by nearly 12 million UK current account customers as it plans a major overhaul to rid itself of “any sins of the past”.

The shake-up could include extending a text alert service that warns customers when they are a day away from going into the red, and letting those with multiple accounts automatically move money around to avoid overdraft charges.