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On the left corner along process ordinary cheques. To the right of the of the banking institution to. For paper cheques that use for MICR numbers printed on paper using ink that allows for magnetic ink character recognition. Known by the common acronym "MICR", the magnetic ink character is positioned on the bottom in the financial and banking industries to brancg up the clearance and processing of documents such as cheques.
Bank Of Montreal The name magnetic ink, the eight-digit routing reading of the documents to. This code consists of character recognition technology that enables the number has a dash between take place.