Micr Ink Does The MICR Line On Checks Have To Be Printed With Magnetic Toner?
Does the MICR line on checks have to be printed with magnetic toner? - micr ink
I have seen many software products in the store and print their own checks. Some even come with the blank check stock, which indicates that you can install the software and print commands to your taste.
While all packages are printed OCR characters, only in smaller print on the packaging indicates that the use of their magnetic ink or toner to print checks Magentic.
A friend who was with the help of the toner print checks regularly for several years, said he never had a problem and never had a return check. He says that these days the banks use to read the OCR MICR line, and are no longer needed to address magnetic toner.
What is reality?
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2 comments:
I think if the control is encoded MICR must be entered manually. Go to the bank and ask for a blank check to fight the use and non-MICR, do it manually. I suggest you ask your bank. It is possible that somewhere in the fine print that have a burden that would be with non-MICR draft against your account.
I think it opens the door to more errors in your account by not automatically read.
I remember when the Tonight Show with Johnny Carson turned it into a movie, a check in a bikini model and present it to a bank for payment. I remember when they paid for it, I do not know how they handled the cancellation process! LOL
The real story is that it depends on the bank. The new laws allow the scanning of checks have been a great contribution to this requirement. Occasionally you'll run into a bank that a certain type of problems that have no magnetic stripe encoding.
Source - I just sold a business does not use billing in which you control of flies and MICR [in the past 12 months have been in 5 different banks MICR least as many problems were fixed when you use standard toner]
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