The check numbers Canada are placed in the MICR encoding line to inform the bank what number to mention in its customers’ bank statements for every financial transaction that takes place using cheques. The cheque number is mentioned in two places, on the top of the cheque towards the right corner and at the bottom of the cheque in the MICR line. Let’s know more about its elements and their use. The MICR line has a lot of valuable information. Every element has a specific spot on the cheque, which strictly needs to be followed while printing a Canadian check. There are specific guidelines on how to print cheques and what elements are to be included. It instantly converts these numbers into digital data that helps banks and financial institutions process these cheques and complete the payments. Moreover, the font used is the MICR font which helps scanners and processing machines identify and read the line. The term MICR stands for Magnetic Image Character Recognition. It typically consists of the bank’s branch number (also known as the transit number), the institution code, the customer’s bank account number, the cheque number, and sometimes the transaction code. All the information is stored in this line at the bottom of the cheque. Reading the MICR Encoding Line in a Canadian ChequeĪll the banks use the MICR encoding line to process both US checks and Canadian cheques.

How to see your mirc number