The ROI of a Secure MICR Printer Solution versus Using Pre-Printed Checks

Check FraudCheck PrintingMICRMICR Toner

How much money will a MICR printer solution save my branch?

The Typical Financial Institution & MICR Printer Savings

Let’s take a hypothetical look at what the savings/return on investment would be for a financial institution with 25 branches, where the average branch prints 100 official checks per month. For this example, we will assume the institution is currently using pre-printed checks and a laser printer as its official check issuance solution. 

The Numbers


Pre-printed Checks via Laser Printer

Secure MICR Check-Printing Solution
Number of Branches 25 25
Number of Printers (1 per branch) 25 25
Official Items printed per year 30,000 30,000
Minutes it takes to issue one check 8 Less than 2
Hardware Investment Laser Printer + Paymaster - $1,000 More than Secure MICR  $1,000 less than Laser and Encoder
Consumables (Toner/Ribbon) cost per page $0.03 $0.05
Paper Cost – total per check $2.13 $0.21
Teller Labor Cost to issue one check $2.00 $0.50

Fraud Risk

Common Sources of Fraud

Check Stock Pilfering

Check Alteration

Check Duplication

Counterfeit Checks

General Ledger Mismatching

















Estimated 3-Year Savings N/A $307,540
Estimated 5-Year Savings N/A $511,900

A Secure MICR Printer Solution Isn’t Expensive After All

Quite the opposite, actually: using a laser printer and pre-printed check stock is what’s really costing you money. And risk of check fraud. Aside from the fraud risk, pre-printed checks are expensive to buy, require secure storage areas, and cost the financial institution even more money when they’re not used and must be destroyed, All in all, pre-printed checks and laser printers incur several hidden costs not directly tied to check production.

Our example above is generic, as every financial institution is unique. However, the investment in secure MICR printers eliminates the need for additional storage, minimizes the risk of check fraud and reduces paper costs by up to 80%, offering an ROI over the long-term. The best way to find out exactly how much money your financial institution could save by implementing secure MICR printers is to contact a secure MICR printer solution provider.

Contact the Source Technologies sales team today to learn more about the benefits our MICR printers offer the financial industry compared to non-secure laser check printers and pre-printed checks.

Share This

Facebook Twitter LinkedIn

Contact Our Sales Team Today

* indicates required