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What is a bank check specification sheet and do I need one?

April 26, 2017Bank Sheet specification

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What is a bank check specification sheet and do I need one?

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The rapid automated processing of checks within the banks among financial institutions depends upon the quality of the MICR line. Both the accuracy of the MICR data and the quality of the MICR printing are crucial. The primary guide to the proper contents of the MICR line should be provided by the Bank Specification Sheet. The location of the MICR line for (your) paying bank is detailed on this Bank MICR specification sheet. I would highly recommend that you obtain a copy of the specification sheet from your paying bank to ensure that the MICR line is set up properly. This sheet can be obtained from your bank, simply ask them for a copy and have them detail the MICR line information for your account on this sheet.