Can a credit union charge NSF fees the same day I make a cash deposit?

I initiated four Paypal transactions on a Sunday evening--they were echecks, which usually take a few days to process. On Monday afternoon, I made a deposit of $200 to my checking account, and find out that I am $186 in the hole. All of the paypal echecks went in early Monday morning, were denied, and I was charged NSF fees on all of them. The first issue: the credit union has never allowed paypal to withdraw funds immediately. It was as though I had done an instant transfer instead of echecks! I wasn't expecting them to go in 12 hours later. 2nd issue: I made a deposit the same day, before 4 PM. I reviewed my banking manual at length, and the only thing it says is "all deposits made before 4 PM are considered to be made on that day." The person I spoke with said that NSF fees are charged automatically, but if a deposit is made before 4, the fees will be credited back to me. However, he credit union says that they can't waive the fees this time because the paypal transactions are "ach." However, had they been paper checks, the fees would have been waived. Nowhere in the manual does it even remotely discuss these rules. I was never made aware of them, either in writing or verbally. Sorry so much information, but I want to make sure I am explaining this right. Is it legal what the credit union is doing? Or do I have the right to complain and possibly get these fees waived?|||I had the same thing happen to me. I set up an online payment from my checking account at my credit union. It went through the night before the date it was supposed to go through. When I called to complain about the NSF fee, the credit union representative said that they had no control over online payments. She said that if the payment hit my account before I made a deposit to cover it, that the credit union is allowed to charge an NSF fee. She said I shouldn't have authorized a payment before I had the money to cover it in my account. I asked to speak to the manager. I explained the situation. The manager told me the same thing, not to set up payments before my account had the money in it. I repeated that I set the payment up to go through on a set date, and it went through the night before the date I set it up for. She waived the fee as a "one-time courtesy". Ask to speak to a manager, if the teller refuses to waive the fee.|||I understand your misery!





Please know it is with great care for a fellow human I answer this question tonight!





As soon as you do a transaction it is done! Sometimes your financial institution will tell you in person or by phone, sometimes they just smile and hand you your terms and condition agreement!





If you do something a day (or hours) before you can cover it it is done! If your deposit is after the fact of a purchase your already at risk of fees! Bank accounts are not credit accounts and no matter what company you use I assure you fees will and can apply!





I hate to add a bid of my financial awes, but Bank of America has several account types and features for your own knowledge I can't explain how thankful I am to have actually opened accounts with them. I wont lie to you here or anyone else reading this, at times Bank of America agents can be to the point of no, or yes on "my way" (like for fee waivers) but I know that they have a structure to them of "ranking" and or levels of my interest in my own demise. I have been unhappy with some answers I received, like when a company decided to take out twice as much from my own account (by the way in the agreement I did not know I agreed to was right) and I had to go through filing a claim, I was so angry with Bank of America when they told me it could take 45 business days to resolve, I was livid and wanted a fast fix and did not humanly think it was reasonable with my bills piling up in my mail box, I now think back to the situation and understand it was my lacking to read my own agreement with that company, I believe that they still (if at the time I would have listened) was honest they never have lied to me about my own money!





I can only speak (or type) of my own adventures of personal finance when I say check them out, or, at least feel you can inquire of options with your own bank you use!





Times do not matter! Limits do. Deposits after the fact do not matter.





Please know I am not trying to say mean things or make your feel your question in this matter are not good, I just want you to know from someone trying to live their life money does make the call and knowing you can trust where your money is does make or break your future transactions and deposits. I hope you understand as you may have not received a "right away" deduction it does not limit companies from being able to make them.





I wish you all the best, and, as my wishes may not seem real, I do care of my fellow human, not matter what. WE ARE what matters!