Barclays to review overdraft charges and other services as it seeks to rid itself of 'sins of past' Review follows survey which found bank was least liked and trusted in UK Bank faces £50n fine for not disclosing fees to paid to Qatari's in 2008 Barclays has set aside £4bn to pay back to customers mis-sold PPI A repentant Barclays bank has promised to review its overdraft fees and charges in the wake of mounting complaints and dissatisfaction from current account customers. The bank's head of retail promised the action as part of a major overhaul over that he claims will rid itself of "any sins of the past." Barclays has hit the headlines on several occasions in recent weeks - and rarely for the right reasons. Last week a consumer survey found that it was the least liked and trusted of 70 banks and building societies in the UK. Root and branch reform: Barclays is considering offering its customers a range of new services as well as conducting a review of its overdraft fees, it said today The bank, which has 12million current account customers, will introduce a text message alert service that warns customers when they are a day away from going into the red and allow those with multiple accounts to automatically move money around to avoid overdraft fees. Such services have been offered by rivals including LLoyds, NatWest, Santander and Halifax, for some time - as have coin machines, which Barclays will also pilot in some branches to enable customers to count loose change and credit it to their accounts. In an interview with the Daily Telegraph today, Ashok Vaswani, head of Barclays' retail and business banking, said: "I'm going through the business with a fine toothcomb. We want to de-risk the business and clean up any sins of the past. The measures are among 2,600 ideas Mr Vaswani said Barclays received after asking customers for suggestions to make everyday banking easier. They come just a week after an ethical scorecard ranked Barclays at the bottom of a list of 100 banks, with just four out of 100 points. Last week, Barclays admitted it faced a £50million from the Financial Conduct Authority for making payments of £322million to the Qatari Sovereign Wealth Fund, which invested a total of £7billion in the bank in 2008 keeping it from requiring a state bailout, for what the bank insisted were advisory services. Barclays did so as it published the prospectus for its £5.8billion stock market cash call after the Prudential Regulatory Authority said it face an £11.8billion blackhole in its finances. The bank is also being investigated by the Serious Fraud Office over the fees it paid to the Qatari's for the two investments made in June and October 2008. The bank is still in negotiation with the FCA. But it has already received record fines of £290million for manipulating the London interbank offered rate - the interest rate at which banks lend to each other over international money markets - and £300million for manipulating energy prices in the US. The LIBOR scandal led to the resignations of Barclays chief executive Bob Diamond and its chairman a couple of month later Marcus Aigus. Criticism: Barclays bank has faced repeated criticism over excessive bonus payments to its top executives and been embroiled in a number of scandals in recent years The bank has also set aside around £4billion to cover the cost of compensating customers who were mis-sold payment protection insurance after admitting two months ago that complaints about the product from customers could go as far back as the 1980s. Barclays said it will work on a new overdraft policy over the next 90 to 120 days. Currently Barclays charges as much as £88 for savers that regularly fall into an unauthorised overdraft during the month. Although more commonly it charges most of its current account customers £22 every five working days that they are in breach of their first overdraft limit. Other measures that were cherry-picked to pilot include extending the "PingIt" mobile payment service to 11 to 14-year-olds, enabling younger customers to send and receive money by using their phone number. However, parenting group Netmums warned the move risked the modern day equivalent of having a child having their lunch money stolen. Netmums founder Siobhan Freegard said: "There are already some concerns about young children using mobiles and official Government guidance is not to let youngsters use them until they are 16. Adding the ability to transfer money could see some kids suffer bullying as well as financial loss.