Carmax Bank Draft
How long does it take to pay a Carmax Cashier check? 3
I sold the car to them and wondered how long it would take to pay the cashier's check which they used to pay me after I submitted it.
It depends on many things. You, your bank, when you deposit, etc.
Deposits are usually made after 14:00. Accurate from next business day.
Ask Carmax if there is a local bank that will cash checks without notice. It can happen, but there is no guarantee.
Lastly, your check is a good check and your bank can tell you when all or part of it will be available.
It depends on your bank. Since this is a transaction between you and CarMaxs Bank, the bank decides how long it will take.
Most large banks settle accounts within 13 business days. If you have a credit union or a small local bank, this may take a week or more. If you accept money order, check with your bank. Only they know the answer.
At CarMax, you can't cash a check that needs to go to a money order. Depending on the issuing bank's information, processing may take days. Also, unlike on-demand scanning, retired nodes can be deleted, so they are not guaranteed.