Martin Lewis has issued a warning to millions over the dangers of bank account overdrafts.
The Money Saving Expert founder revealed how most overdrafts cost 40 percent interest, compared to a typical credit card of 24.9 percent.
Speaking on his Martin Lewis Podcast, he warned: “If you are overdrawn your debit card is a debt card too. And it is more expensive than a credit card.”
Mr Lewis explained how people think they should pay off their credit cards first rather than overdrafts, when in reality it should be the other way around.