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If a business cheque in the new format fails testing, can a customer use it until the end of the grace period for “old format” cheques (ie September 2, 2008)?

April 26, 2017Business Cheque customer fails format old format september 2 2008 Testing

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If a business cheque in the new format fails testing, can a customer use it until the end of the grace period for “old format” cheques (ie September 2, 2008)?

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Yes, provided that the cheques meet the requirement of the MICR line and other specifications that were in effect prior to the publication of the new “image friendly” Standard, businesses may continue to use them on an interim basis until the end of the grace period (ie September 2, 2008).