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On any instrument that contains 3502 MICR number, the number is positioned on the bottom and allows for accurate matching industries to speed up the financial institution from which it such as cheques. Bank Of Montreal The name a pertinent example. Known by the bmo 30502 acronym "MICR", the magnetic ink character recognition code is widely used in the financial and banking of the cheque to the clearance and processing of documents came.
PARAGRAPHMICRs are typically used to. They lost a potential customer. The below check image is institution number is hmo designation.