Okay, so, depite telling me that it wouldn't happen, it did. Wesom double bounced a transaction. This time, I got a really clear explanation of how things work:
You have $100 in your account (actual balance)
You charge 3 items to your account, each for $25 (3x$25=$75)
Available balance is now $25. [It takes a couple of days for some Visa transactions to hit]
Now, a $30 automatic bill payment (say, DPW or cable) hits your account.
They charge you a "courtesy pay" fee on the $30 despite having enough money to actually cover it.
The reasoning is that you have "reserved funds" set aside to pay the incoming $25 transactions.
Fine. It's reserved. Cool.
Now, One of the $25 transactions come in. And they charge you a courtesy pay fee for that too.
The theory is that there isn't enough money to cover ALL of the pending transactions ($48 left) so, the first one is the one that doesn't have enough money (they're still reserving money for the other two). And you get hit with another "courtesy pay" fee.
You see what's happening? They're charging you for having funds reserved for other transactions AND for fulfilling those transactions. This is completely dishonest. I may have to switch to a bank. These credit unions play way too shady.
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