MICR Line Format Explained

It is the character-recognition technology invented in the 1950s that has allowed financial institutions to streamline or ease their check processing and clearance of cheques and other documents. The characters are printed with special MICR Fonts and are known as MICR Characters, which must be printed with MICR Toner or MICR Ink. It is important as once a check is deposited into the bank, it is sent to a central location for processing, where high-speed readers/sorters read the MICR line information by sending a magnetic charge to the paper and reads the routing number and the account n...