Business Checks

Business and Accounting Information

Archive for February 1st, 2009

How to avoid bank fees per check

posted by Happy Business Guy @ 10:42 PM
Sunday, February 1, 2009

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How to avoid bank fees per check? Besides having your checking account in a positive status and choosing the right type of acct will help to reduce fees. One of the most important ways is to make sure that your business checks are being printed correctly. Are you using a Inkjet printer, or a regular laser printer? IF you answered yes, you could have a processing fee? If you answered yes, you need to make sure your business checks are being printed on using MICR TONER.

What is MICR toner? Magnetic Ink Character Recognition (MICR). When the checks are being printed, included in the TONER is iron particles that is used for the banks to process the other checks that are being processed through the Check readers. You can use a check reader to make sure your check will pass the bank processing.

The check reader will read all the codes on the bottom of the check (routing number, account number, and check number). It’s easy-to-use, just insert check and view the light indicator. (green=pass, red=fail). Ensures your checks   were set up and printed properly (MICR bank code line positioning and data entry). It also tests for sufficient magnetic signal strength so your checks will be readable by banks and retail outlets and compliant with new federal law, Check 21. This is just another way help to prevent extra charges.

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