I logged onto my checking account this morning and was absolutely SHOCKED to see 5 overdraft charges at $28 a pop despite my account showing a positive four-figure balance and no indication of a charge against my account that would have depleted my balance (nor had I written any checks that would have caused me to be overdrawn). So in a panic I called the credit union to find out what was going on. Turns out that husband's first paycheck that I had to manually deposit last week is treated like any other depoist and the institution puts a 10-day hold on the check. It won't be released until 1/5. So even though I had money in the account, they put a hold on my account for the total amount of the check (which was more than my current balance). So anything that was submitted for payment on the account resulted in an overdraft being initiated because the hold essentially puts my account in the red, even though it's technically not. And the system says nothing about the hold on MY end. I just look at my account and it says I have money and all of it was available. But the guy on the other end of the phone said his screen said I had NO money available. And I have to know that it does NOT take 10 days for that payroll check to clear. It's a relatively local bank. It just means the credit union gets to hold my money hostage and have use of it -- I guess that's what they call "float" -- for probably more than half of that 10-day period. Meanwhile, stupid me gets dinged for well over $100 in overdraft charges. I am so incredibly angry and fit to be tied and husband thinks I should find another bank. But we get worldwide free ATM rebates (no limit) and free checking with no minimum balance (just have to have auto deposit). Don't know where I can find that kind of deal at another bank/credit union.