MICR Line: The row of characters printed in machine readable magnetic ink at the bottom of each check. Part of this MICR line identifies the issuing bank and the check number and is usually preprinted on the check. The face value of the check is typed into the far right of the MICR line before that check is routed back to the issuing bank. This allows the check to be recognized cheaply and easily by the Federal Reserve in order to forward it back to the bank on which it was drawn.
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