What Is Magnetic Ink Used For?
The magnetic ink allows a computer to read the characters even if they have been covered with signatures, cancellation marks, bank stamps, or other marks. MICR lines help facilitate automatic check-clearing when banks send their checks to central processing systems at the end of the day.
Can any printer use magnetic ink?
This special magnetic "ink" is only available for laser printers. You must purchase special laser printer toner cartridges that contain magnetic particles. The standard toner cartridges that come with your laser printer will not work. As of 1/2021 no one has released a magnetic ink for inkjet printers.
What do you need to print MICR?
Do you have to use 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
Magnetic ink is used to print specific information. In the case of checks, routing, account numbers and account-specific information can be encoded in the ink. ... Bank check processing machines are designed to process high levels of iron oxide in check printing or magnetic ink.
What Printers Use Magnetic Ink? - InkJetSuperStore -
Where is magnetic ink used?
MICR (magnetic ink character recognition) is a technology used to verify the legitimacy or originality of paper documents, especially checks. Special ink, which is sensitive to magnetic fields, is used in the printing of certain characters on the original documents.
What is MICR (magnetic ink character recognition)?