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#8214 - 11/29/05 05:22 PM printing on blank laser stock and check cashing
Anonymous
Unregistered


Is it illeagle to print a check and not use a magnetic ink for the account and routing numbers?

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#8215 - 11/29/05 05:31 PM Re: printing on blank laser stock and check cashing
rlcarey Offline
Compliance is my life

Registered: 07/16/01
Posts: 10722
Loc: Galveston, TX
For legal questions - you should consult an attorney.

For other reasons, not to be mentioned, most bankers are not going to discuss this issue for security reasons.
_________________________
The opinions expressed are my own, take them or leave them.

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#8216 - 11/30/05 09:20 AM Re: printing on blank laser stock and check cashing
m&m lover Offline
Gold Star

Registered: 11/09/01
Posts: 349
Loc: New England
And practically speaking, if the bank isn't able to process your checks w/o the magnetic ink, then they won't be able to service your account. They will have no choice but to close the account, and they don't need a legal reason to do that.

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#8217 - 11/30/05 12:32 PM Re: printing on blank laser stock and check cashing
Anonymous
Unregistered


Talk to your bank; their check printer probably has check stock available which is suitable for your laser printer AND for the bank's check sorting machinery. (The stock will have your account number preprinted in magnetic ink, just like the ordinary checks you're used to, but it will come in sheets that feed through the printer.)

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#8218 - 12/01/05 11:12 AM Re: printing on blank laser stock and check cashing
Anonymous
Unregistered


Check your bank's fee schedule. Most banks charge a substantial ($1+) for each check, if the check fails to automatically process because it was improperly printed.

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