Arranged overdrafts are most often used by 18 to 24-year-olds, according to the Financial Conduct Authority. With 44% having dipped into theirs during the past 12 months.

But on 6 April, overdrafts are changing. Radio 1 Newsbeat reporter, Rick Kelsey, has been finding out how and why these changes could leave you paying almost double.

Follow Newsbeat on Instagram, Facebook, Twitter and YouTube.

Listen to Newsbeat live at 12:45 and 17:45 weekdays - or listen back here.