If you're wondering how to read a Canadian cheque, don't worry - you're not alone. Many people don't know how to decipher MICR, a special marking that's easy to decipher by humans. Whether you're making a repeat withdrawal or a direct deposit, knowing how to read a Canadian cheque will make your life easier.
The MICR line represents your cheque's account number, which is the last six digits of the account number. You'll find this number at the bottom of your cheque leaf next to the number. The next three digits are the branch or bank code. These codes are very easy to identify, and you can look at them to determine what bank or branch you opened your account with. You can also check the account number on the MICR line to see whether it matches the one you have in your name.
When you're reading a Canadian cheque, it's vital to understand the format and meaning of the numbers. While the format is the same across all banks in Canada, there are key differences that can make it easier to decipher. The account number should always be written last, as opposed to first. If you don't know how to decipher a cheque, don't worry - there are some tips to help you decipher a Canadian cheque.
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