Question about Wachovia Buy out...

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-Bill-

-Bill-

Earth Emperor
Feb 29, 2008
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So Wachovia is the bank I have my car loan through.

My payment was due on the 27th of this month.

I did a direct debit over the phone on the 27th.

Being a saturday and all, with the following day being a sunday, I expected the debit to occur today. Today CitiGroup buys them out.

Its going on 11pm and they still haven't taken the money yet.

What do you think is going on?

I'm going to call tomorrow and find out if I can get anywhere with what I already know is going to be a SWAMPED customer service center.
 


Bill you will be fine man. Usually when a bank is bought out it takes anywhere from 24 to 48 hrs (sometimes more) to transfer all deposits/etc to the new bank. In this case Citigroup. Give it a few hours and all should be fine.
 
Nothing's gonna change, just like wamu. You keep making your payments to the same place and they'll just be owned by Citi instead of Wachovia.

I did a transfer of my Wachovia cash to my E*TRADE account last week and it went through today (Monday) after the buyout.
 
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