Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does magnetic ink still need to be used in the MICR line on cheques?

April 26, 2017cheques ink line MAGNETIC MICR Used

0

Posted

Does magnetic ink still need to be used in the MICR line on cheques?

1 Answer

0

Posted

Yes, magnetic ink must still be used in the MICR line, as automated cheque processing equipment still relies on magnetic ink to read data from the MICR line.