
12-17-2016, 12:09 AM
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Ghost of Diesels Past
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Join Date: Oct 2005
Posts: 13,285
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Quote:
Originally Posted by Mxfrank
Absolutely not. I worked in a bank for a few years, and I can tell you a thing or two about how it works. Aside from the high cost of a traditional bank wire, giving out your account number and routing code are a good way to become the victim of fraud. I avoid using conventional paper checks for the same reason. Instead, I use the online bill pay feature of my bank account...the bank sends a physical check, pays the postage, and the check has a one shot account number. Both cheaper and safer, a total win.
As for printing a check, it used to be that check readers required magnetic ink. But maybe they're all optical today. In any event, it would work if you do an online deposit with your phone.
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Still requires MICR toner to be read and prevent fraud. Can confirm
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