Manual Drafts

Manual drafts are also called customer acceptance drafts because a customer must accept them before they can be remitted to the bank. These types of manual drafts are available:

  • The supplier prints the draft with bank account information.

  • The supplier prints the draft with the bank name only.

  • The customer prints the draft with bank account information.

  • The customer prints the draft with the bank name only.

The system can distinguish drafts with only a bank name from those with complete bank account information. This is helpful because banks generally assess an additional fee to collect drafts if you do not provide account information.