If its “technically a … check”, and it has account number and routing numbers on it, and you’re passing it off as a check, and its not a check, that’s call Check Fraud and the Federal Trade Commission will be interested in you very soon.
Also, they are not required to accept a non-standard check (at least in America where this SovCit probably is) and have not had to for decades. People have done things like carve a check to the IRS into a boulder and the U.S. government got sick and tired of it.
Well, I think the US Government has to accept those weird checks, as do banks. There’s 7 or 8 check components. Technically, I don’t think your name or the bank’s name is necessary. The routing number and account number will probably find you.
https://www.nerdwallet.com/article/banking/understanding-the-parts-of-a-check
That doesn’t mean the bank won’t close your account after you deposit your rock or potato or whatever.
MICR refers to the formulation of magnetic toner or ink used to print the special font at the bottom of checks. Different from regular ink or laser toner, MICR ink and toner contain magnetic iron oxide, a requirement of the Federal Reserve, making check-clearing a more efficient process.
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According to the Federal Reserve and the Accredited Standards Committee, X9 Inc. for financial industry standards, a check must contain MICR for it to be treated as a cash item.
If your business is currently printing its own checks, you must use proper MICR toner or ink to ensure they are compliant with the processing procedures of the banking system.
https://www.sourcetech.com/blog/why-micr-line-required-checks
If that were indeed the case then how come so many banks now take online check deposits with just photos of checks? Just this afternoon I deposited a check via my banks smartphone app. I endorsed the check, took photos of both the front & back, and the app sent them to the bank. In a few days I’ll get an email confirmation that the check was deposited.
You’d have to ask the Federal Reserve. I don’t make their rules.
Slacker
Dishonorable, you say?
It’s like a grown adult who still seriously believes that Santa Claus is real, and genuinely plans their budget around the idea that they’ll just ask him to pay all of their bills at the end of the year lol
You mean Christians??? Lol
