If a business cheque in the new format fails testing, can a customer use it until the June 30, 2007 deadline?
Yes, provided that the cheques meet the requirements for the MICR line and other specifications that were in effect prior to the publication of the new “image-friendly” specifications, businesses may continue to use them until June 30, 2007. However, it is strongly recommended that revised sample cheques that meet all of the new specifications be re-submitted for testing as soon as possible, and before that date.
Related Questions
- If a business cheque in the new format fails testing, can a customer use it until the end of the grace period for "old format" cheques (i.e. September 2, 2008)?
- If a business cheque in the new format fails testing, can a customer use it until the end of the grace period for "old format" cheques (ie September 2, 2008)?
- What will happen if a business cheque in the new format fails testing?
