Apparently, I don't understand APR, so Barclays has helpfully introduced a new system to help me calculate what my overdraft will cost me. By some incredible coincidence, this also results in me paying three times as much for my overdraft.
Maybe those of us who do understand APR can stay with the old system? No? Okay, then, but even people who can't understand APR can figure out that they're now paying far more. If Barclays were honest and just said they wanted more money from us, that would be more acceptable than the polite falsehoods they're putting forth about why they've made these changes.
Nothing I do can about it, most likely, except maybe consider moving to myother account at a different bank. And never buying any sort of financial services from Barlcays, ever again.
I wonder what this latest piece of rapacious gouging is going to cost Barclays in the long run?