Are Checks Still Printed With Magnetic Ink?
Only the MICR line of a check must be printed in magnetic ink. The rest of the information on the check, such as the date, the payee name, and the amount, can be printed in regular, non-magnetic ink.
Do you still need magnetic ink to print checks?
However, the magnetic ink has always been legally required on the check as a payment instrument and that requirement still exists today. According to the Federal Reserve and the Accredited Standards Committee X9 (for financial industry standards), in order for a check to be treated as a cash item, it must contain MICR.
Why MICR Code is Required | Source Technologies
How can you tell if a check has magnetic ink?
The special magnetic ink used in the MICR line on the bottom of the check should appear flat and dull. If you see shine or light reflected off these numbers when you tilt the check under normal lighting, it is probably a forgery. These numbers should also be raised off the surface, almost like braille.
Spotting Forged Checks | Cornell University Division of Financial Affairs
Is MICR ink still required 2020?
The short answer is, Yes! If you're printing checks on blank check stock, you certainly need a MICR printer and the security features that are exclusive to high-quality, OEM MICR toner.
Do I Need a MICR Printer? Yes! MICR is Still Required in 2021
What happens if I print a check without MICR ink?
If a check is printed with non-MICR (regular) ink or toner, the reader/sorter will reject the check, creating manual processes for the bank to process the check, and cause the company that printed the check/document to be charged with rejection fees.
What's the Difference Between MICR Ink and MICR Toner?