Banks are also meant to charge minimal overdraft fees on NFAs. No major UK bank has completely dropped informal overdraft charges. Banks typically charge a one-time fee for each overdraft paid. Corporation Bank has denied ever providing an overdraft facility of that amount. In 2010, TCF Bank was sued regarding overdraft charges. This cost includes interest on loans, overdraft charges, etc. In 2015, the company paid $30 million to settle a lawsuit regarding overdraft fees. Banks operating accounts for companies in overdraft have an advantage in this respect. Clearing facilities, security investments, cheques and overdraft protections were introduced. Accounts can lend money in two ways&colon; overdraft and offset mortgage. In September 2009, NatWest and RBS both announced dramatic cuts in their overdraft fees. The claimed overdraft facility has been completely left upon the banks. Fintech innovations & overdraft protection apps have led to viable alternatives to overdraft fees. The Royal Bank of Scotland established the first overdraft facility in 1728. Morris reportedly founded the brand using a bank overdraft.