If the check is printed with weak magnetic ink or no magnetic ink at all, it can cause problems while scanning. If you're establishing or rebuilding credit, a secured credit card is a great option. This is a good time to mention the difference between a cant-read in which the check scanner returns an error message because the MICR is unintelligible and a misread, in which the scanner picks up the MICR information, but returns one or more wrong characters. The MICR line is a machine-readable text present at the bottom of a check consisting of some numbers and symbols. It consists of three groups of numbers, including the bank routing number, the customer's account number, and the check number. The visual print quality of the MICR line is not an indication of whether or not magnetic ink was used, because bad quality printing can occur no matter which type of ink is used. This number should be identical to the check number printed in the check's top right-hand corner. Check this example: The MICR code of one of the Chennai SBI branches may represent 600002025. font-type=fixed. The numbers are usually printed in one of two specially-designed fonts, called E-13B and CMC-7. Spotting Forged Checks | Cornell University Division of Financial Affairs The third number in the MICR line is the check number in that checkbook for that account. Magnetic ink character recognition is still around some 70 years after it was developed because it solved two big problems faced by banks: The processing of checks had to be mechanized, and fraud had to be made more difficult. Try these strategies to save money and book December flights, hotels and more with rewards. MICR (magnetic ink character recognition) - SearchSecurity There is no special precaution that will fix this problem; just be aware that a self-fixing MICR error does not necessarily mean trouble with the scanner. That caused the scanner to only pick up part of the account information, generating a "can't-read" error. The point of the MICR is that is uses some type of special ink toner in your printer to print the line in 'magnetic' ink which can be read as 'legit' by the bank.
Bill Plaschke Tomahawk Chop,
17 Inch Swim Trunks Inseam,
Articles M
