According to one embodiment, a magnetic ink reading apparatus includes a transport mechanism, a magnetizing mechanism, a magnetic detection head, a pressing pad, and a friction pad. The transport mechanism transports, along a transport path, a sheet type medium subjected to printing by using magnetic ink. The magnetizing mechanism magnetizes the magnetic ink of the medium on the transport path. The magnetic detection head is arranged along the transport path and reads magnetism of the magnetized magnetic ink. The pressing pad is arranged at a certain distance from one side end portion of the transport path in a width direction, facing the magnetic detection head with the transport path interposed therebetween, and presses the medium transported along the transport path against the magnetic detection head. The friction pad is arranged at a certain distance from the side end portion of the transport path, facing the transport path, and is spaced apart from the pressing pad in a width direction of the medium.

According to one embodiment, a magnetic ink reading apparatus includes a transport mechanism, a magnetizing mechanism, a magnetic detection head, a pressing pad, and a friction pad. The transport mechanism transports, along a transport path, a sheet type medium subjected to printing by using magnetic ink. The magnetizing mechanism magnetizes the magnetic ink of the medium on the transport path. The magnetic detection head is arranged along the transport path and reads magnetism of the magnetized magnetic ink. The pressing pad is arranged at a certain distance from one side end portion of the transport path in a width direction, facing the magnetic detection head with the transport path interposed therebetween, and presses the medium transported along the transport path against the magnetic detection head. The friction pad is arranged at a certain distance from the side end portion of the transport path, facing the transport path, and is spaced apart from the pressing pad in a width direction of the medium.