Cost Comparison (200 Checks Per Week)

PREPRINTED CHECKS

MICR LASER CHECKS

1. PREPRINTED 2-PART CHECK STOCK (10,400 @ $.080 PER CHECK)

2. BLANK CHECK STOCK (10,400 @ $.025 PER CHECK)

3. LINE UP VOIDS @ 4% OF FORM COST (CHECK ALIGNMENT AND OVERRUNS)

4. CHECK DESTRUCTION @ 2% OF FORM COST (CHECK BREAKS, JAMS, OBSOLESCE, ETC.)

5. OTHER CHECK EXPENSES @ 5% OF FORM COST (STORAGE, SECURITY, INTERNAL AUDIT)

6. AVERAGE ANNUAL LINE PRINTER MAINTENANCE CONTRACT

7. AVERAGE ANNUAL LASER PRINTER MAINTENANCE CONTRACT

8. LINE PRINTER RIBBONS (10 @ $20.00 EACH)

9. MICR TONER FOR LASER PRINTER (10,400 @ .025 PER CHECK)

10. CHECK SIGNING MACHINE MAINTENANCE

11. MANAGEMENT: 2 HRS/WEEK $20.00 HR (RELEASE FORMS, AUTHORIZATIONS, ETC.)

12. STAFF: 8 HRS/WEEK @ $10.00 HR (PRINTER SETUP, BURSTING, DECOLLATING, ETC.)

13. STAFF: (2 HRS /WEEK @ $10.00 HR.)

14. AMORTIZED ACQUISITION COST ($3,500.00 AMORTIZED OVER 5 YEARS)

15. TOTAL ANNUAL CHECK PRINTING COST

16. TOTAL ANNUAL SAVINGS WITH MICR CHECKS

17. TOTAL 5-YEAR SAVINGS WITH MICR LASER CHECKS

18. CHECK PRINTING COST PER CHECK

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$832.00

33.00

16.00

42.00

200.00

200.00

300.00

2,080.00

4,160.00

7,863.00

0.75

$260.00

175.00

260.00

1,040.00

700.00

2,535.00

5,425.00

27,125.00

0.23