I live in CT. and I used my debit/credit card on friday. I put the $40.00 transaction through, at that time I had $5.00 in my account. On Saturday I Deposited $100.00 into my account. On monday the Charge went through at my bank. I was then charge a $32.00 fee. I was told that I did not overdraft my account and yes the charge did not go through until monday at the bank since the purchase happened on Friday the bank could hold my funds and charge me.
Is this right? the bank never charged me when I had money in the bank at the time the transaction went through before.

The answer really depends on how the bank has disclosed how it will assess overdraft fees. It is not unlawful to charge an overdraft fee based on an authorization hold placed against an insufficient balance, but not all banks do so.

If your bank can point to how it has disclosed to you that it may charge overdraft fees based on authorization holds, you are probably stuck paying the fee (although you could ask an understanding representative for a refund as a first-time offender). If the bank cannot point to such a disclosure, I think you have a strong case for requesting a refund.

The lesson here is to check your available balance online or on the phone before using your debit card, and avoid spending money that isn't in your account before shopping.