Letter of Credit Checking Software: Buyer Evaluation Guide
Questions to ask when evaluating software that checks Letter of Credit documents, from accuracy to data handling.
Reviewed by LCCheck team (owner-approved) · 2026-10-12
Short answer
Letter of Credit checking software compares the credit's terms with presented documents and flags possible discrepancies before a bank sees them. When evaluating a tool, focus on which documents and rules it actually covers, how it shows evidence for each finding, how it handles unclear scans, how your data is stored and deleted, and how pricing works per check.
| Core job | Flag possible discrepancies before presentation |
|---|---|
| Not a substitute for | The bank's examination or legal advice |
| Evaluate on | Coverage, evidence, accuracy, data handling, price |
Questions to ask
- Which documents and credit fields are supported today?
- Does each finding cite the credit term and the document text?
- Can you review and correct what the software read before it checks?
- How are scanned or unclear documents handled?
- Does it support rechecks after corrections?
- Where is data stored, who can see it and when is it deleted?
- How is a check priced, and what counts as one check?
Warning signs
- Claims of guaranteed bank acceptance.
- Findings with no source or evidence.
- No way to correct misread values.
Sources
- ICC — UCP 600 (Uniform Customs and Practice for Documentary Credits)
- ICC Academy — avoiding Letter of Credit discrepancies
General guidance, not legal advice. Your bank examines documents independently.
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