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What is MICR?

Facts about MICR

MICR Characters are the unusual numbers and characters printed on the bottom of all
Checks. They identify the bank, the bank account number, and the check number. MICR
Stands for Magnetic Ink Character Recognition. The MICR characters are printed with ink
That contains particles, which can be magnetized. The bank "reads" the information on the
Check by magnetizing the MICR character line and then passing the check through a high
Speed reader that translates the magnetic information into characters.

 

What is MICR Check Printing?
That's when you print all the MICR information at the same time you print the check detail
(e.g., amount, payee).

 

What advantages are there in printing MICR checks?
There are several advantages:

1.You save the cost of pre-printing checks. If you issue many checks, the savings can be
Quite significant.
2.If you have multiple checking accounts, you don't have to stock a separate check form
For each account.
3.You don't have to switch check forms in your printer when switching between different
Checking accounts. Academy Systems MICR Check Printing Software allows you to
Easily select the account from which to issue a check.
4.You don't have to worry about blank checks lying around which may be inviting fraud.

 

Will my banks accept the MICR checks that I print?
Yes. Checks printed using Academy Systems Software and supplies meet all American
Bankers Association (ABA) standards for MICR check printing.

 

What equipment and supplies do I need to print MICR checks?
All of the following supplies you need are available from Abacus One

1. A laser printer that accepts MICR toner. This includes all HP LaserJet’s ; Lexmark ; Brother ; IBM ; Troy :; Dell ; Xerox : Source Technologies

2. MICR toner for your laser printer

3. Blank Check Stock

4. Check Printing Software

 

Shop online or call us toll free at: (888)222-2871 for any of your printer supplies or parts or contact us via email at: sales@abacus1.com

 

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