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This means you can end up severely out of pocket if you’re constantly overdrawn.

But there is a type of credit card that could help.

Money transfer cards let you move whatever you borrow to your current account, giving your bank balance a boost and lifting you out of your overdraft.

You then get a 0% period – in some cases lasting more than three years – in which to pay off the sum interest-free.

How these cards are different

Card providers charge a fee for this, typically around 4% of the amount you’re transferring.

But if paying this fee still means saving money on the interest you’re paying servicing your overdraft, then it is definitely worth considering.

Nerys Lewis, head of credit cards at Confused.com, explains how money transfer deals differ from other types of plastic.

She says: "If your current account needs a cash injection, then a money transfer can be a great way to help you out. Advertisement