Yeah that is bs, 75p per day regardless of how far into your overdraft you are vs. fixed interest..... to apparently save customers money. Errr no Did manage to change one account to a student account and with proof that I'd been a student for the last year had my charges refunded, although the person I dealt with was dense so I got lucky I think.
It's just all wrong and should not be allowed, a £2k overdraft previously cost ~£30/mth now it's ~£95, apparently the change is to make it easier to understand what your in for.
I feel your pain, said that in the bank and just got some spiel about it's better in the long run. Can't see how that's true when the cost has tripled for the same product. At least with interest rates you're inclined to try keep it low.
Lucky for me the student account is interest free up to 2k.