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New Check Process System Set
The Federal Reserve Bank of Dallas announces new check rules effective Sept. 1. Checks must bear magnetic ink symbols from the writer’s bank or be processed as non cash collections, delaying credit to the recipient until full processing is complete. High volume offices process over 1.4 million checks daily with magnetic symbol machines.
MENTIONED IN THIS ARTICLE
Dallas
Tex
Federal Reserve Bank of Dallas
Writer's Bank
11Th
Federal Reserve District
Dallas ‘Federal Reserve Bank