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What is an MICR (or Magnetic Ink Character Recognition) number?

April 26, 2017character ink MAGNETIC MICR recognition

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What is an MICR (or Magnetic Ink Character Recognition) number?

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The MICR number, sometimes referred to as the routing number, is an eight- or nine-digit code that depository organizations enter in field 43 of the discrete CTR form. You may leave this field blank when enrolling your organization in BSA E-Filing if it is not a depository organization.