CarMax Don't sell your car to CarMax as you can wind up without car or money Roswell Georgia

Thats Wachovia's problem, not CarMax...learn what your talking about, it no different if you write me a personal check and my bank won't clear it for a few days and me calling you and yelling at you! Its not your fault or CarMax

The bank draft is held by Carmax for two business days, then the hold policy of your bank will determine how long you will receive the money. Did you assume that Wachovia's hold policy would not apply to because it was a Wachovia draft? You should have still asked when you went to deposit the check if it was imperative to your transaction. Also, the hold is being placed on the check by Carmax for the aforementioned 2 business days to make sure the sale has not been misrepresented in any way, such as: stolen vehicle, concealed or hidden damage, title fraud, etc.

The bank draft is held by Carmax for two business days, then the hold policy of your bank will determine how long you will receive the money. Did you assume that Wachovia's hold policy would not apply to because it was a Wachovia draft? You should have still asked when you went to deposit the check if it was imperative to your transaction. Also, the hold is being placed on the check by Carmax for the aforementioned 2 business days to make sure the sale has not been misrepresented in any way, such as: stolen vehicle, concealed or hidden damage, title fraud, etc.

The bank draft is held by Carmax for two business days, then the hold policy of your bank will determine how long you will receive the money. Did you assume that Wachovia's hold policy would not apply to because it was a Wachovia draft? You should have still asked when you went to deposit the check if it was imperative to your transaction. Also, the hold is being placed on the check by Carmax for the aforementioned 2 business days to make sure the sale has not been misrepresented in any way, such as: stolen vehicle, concealed or hidden damage, title fraud, etc.

The bank draft is held by Carmax for two business days, then the hold policy of your bank will determine how long you will receive the money. Did you assume that Wachovia's hold policy would not apply to because it was a Wachovia draft? You should have still asked when you went to deposit the check if it was imperative to your transaction. Also, the hold is being placed on the check by Carmax for the aforementioned 2 business days to make sure the sale has not been misrepresented in any way, such as: stolen vehicle, concealed or hidden damage, title fraud, etc.

Wachovia is the one that screwed up there. With a bank draft they CANNOT hold the money more than 1 business day under Regulation CC (which means you can complain to the local federal reserve office and sue them for x amount of money probably). Carmax doesn't release the funds to them. Unless Wachovia has some weird banking practices, if so i'd stay away from them.