Is MICR Toner Still Required 2021?
Yes! MICR is Still Required in 2021.
Can any printer use MICR toner?
The MICR line on checks must be printed using magnetic toner. This special toner is only available for laser printers (and some special dot matrix printers.) Inkjet printers can not print MICR! In general, your printer manufacturer will not sell this special toner.
What do you need to print MICR?
Do you have to use magnetic ink for 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
MICR ink is still required for printing machine-readable code lines along the bottom of checks. MICR, short for Magnetic Ink Character Recognition, is a core characteristic of the check and allows the data in the code line on the bottom to be captured magnetically and/or optically.
Standards Advisory: Magnetic Ink Still Required on Checks
Is MICR toner required to print checks?
The Federal Reserve and all banks require that checks are printed with MICR ink or toner for ease of processing. ... This means that checks printed without MICR toner won't meet the magnetic technology and will again require manual processing or likely be unreadable, causing the processing delays/fees mentioned above.
What's the Difference Between MICR Ink and MICR Toner?