It also allows the customer to save paper, ink and other resources. By eliminating most of the additional steps and providing standard information, the bank can save a lot of time on its part. In addition, customers can control the amount of paperwork that they have to produce. Using blank templates eliminates the cost of purchasing materials. Using pre-printed bill of lading templates allows customers to print off the documents in bulk. The only thing left for them to do is accept the documents for processing and collecting payments. Banks also have a good reason to use the standardized forms: it saves them the time and expense of having to individually prepare each document. This means that the banks will accept the document as-is, without making any changes. One is that many of the documents are already prepared and standardized. There are a number of advantages to using templates to create a bill of lading. If there are any inconsistencies, the bank will need to investigate before processing the sale. Businesses should review the documents carefully and ensure that they accurately describe the transaction that has been paid for. Many banks also have a variety of blank templates available for their customers to use. The customer must sign the bottom of the bill of lading for it to be accepted by the bank.īusinesses have the option of choosing templates from several suppliers. The regular bill shows all of the details of the credit card transaction, while the bill of lading contains all of the specifics of the transaction, including the name of the business, the customer’s name and address, the account number and the amount of money being transferred. They are usually returned to the customer in batches. Errors can often be rectified if the correct information is located in the template.Ĭustomers sometimes receive two bills a regular bill and a bill of lading. It is important that the bill of lading accurately reflects all of the terms and conditions associated with the transaction. It describes the details of the transaction and explains what fees may be due. A bill of lading is simply a piece of paper that is issued by a banking institution and contains the routing information.