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Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque ...
A check showing the fraction form (top middle-right, 11-3167/1210 plus branch number 01) and MICR form (bottom left, 129131673) of the transit number.
Substitute checks in the United States. A substitute check (also called an Image Replacement Document or IRD) [1] is a negotiable instrument that is a digital reproduction of an original paper check. As a negotiable payment instrument in the United States, a substitute check maintains the status of a "legal check" in lieu of the original paper ...
Here’s a look at how to read a check and locate your routing and account numbers.
The routing number on a check represents the financial institution sending the payment. The other number is the number assigned to your checking account when you open the account.
Magnetic Ink Character Recognition (MICR) coding, for example, is a standard feature on checks to facilitate electronic processing, requiring a special printer.
MICR. The MICR subheading contains four punctuation characters for bank cheque identifiers, taken from the magnetic ink character recognition E-13B font (codified in the ISO 1004:1995 standard): U+2446 ⑆ OCR BRANCH BANK IDENTIFICATION, U+2447 ⑇ OCR AMOUNT OF CHECK, U+2448 ⑈ OCR DASH, and U+2449 ⑉ OCR CUSTOMER ACCOUNT NUMBER .
The account number listed on a check for your checking account is used to identify the unique bank account that the money is coming from.