The UK’s Financial Conduct Authority plans to move forward with overdraft changes in April which would allow for banks to charge up to a 39.9 percent effective annual rate or EAR; AltFi takes a look at what some of the leading digital banks are doing to prepare for the changes; Starling Bank plans to offer 15 percent, 25 percent and 35 percent interest on arranged overdrafts for personal current accounts where credit scores will determine where you fit; Monzo plans to offer 19 percent, 29 percent or 39 percent EAR depending on their credit scores; some of the other leading digital banks in Europe do not yet offer overdrafts and so the changes would not apply; the FCA hopes the changes will simplify customers’ understanding of how much overdrafts cost. Altfi