Doing Your Own MICR Printing On Check Paper

When it comes to printing your own checks, there are several reasons you should use secure check paper and MICR printing ink. It makes it simpler for bank clearance, saving you from fees incurred if someone processes it by hand. It also helps for fraud security and keeps your business from getting ripped off. Last but not least, using your own check paper to do MICR printing just needs to be done out of due diligence. It's in a business's best interest, both for security, protecting its bottom line and eliminating needless expenses.

MICR printing uses technology for character reading within printed checks. It adds magnetic properties to that long string of complicated numbers printed at the bottom of the check paper so they can be translated to a specific account with one simple computer scan. The ink used for MICR printing is unique, which also adds to the check's security.

A bank clears a check in two ways, wither optically or magnetically, and which one they use comes down to money. If a bank teller has to manually examine a check to make sure it's valid, they'll charge you a fee. If the check was printed properly with MICR printing, it's read automatically, so you don't incur an extra charge. At $3 a check, this fee is nothing to scoff at.

MICR printing protects against fraud because of the magnetism. You can't simply photocopy the numbers onto the check paper. Obtaining the ink required for MICR printing is not easy, as it's severely regulated. A computer will easily catch the error.

MICR printing protects banks and businesses by featuring three security measures for scrutiny, some which are visible to the naked eye, some invisible, and some of the information simply can't be read without a scanner. Since banks do not cover damages of fraud in the case of business accounts, it's up to you to protect the security of your check paper by following the proper standards for MICR printing.

MICR printing on official check paper helps protect your company against fraud, as well as allows the check to be processed faster. By printing your own checks, you also save money on each check. Doing your own check printing in house simply makes sense. Save yourself a trip to the bank as well as a dime for each check you print. Why make it hard on yourself? Do your own MICR printing on your own check paper and protect your bottom line.