In this tab you can enter bank accounts you want to link with Billit. This connection reassures automation of tasks is possible, because it matches payment information to your invoices and is the trigger for reminders but also provides you an up-to-date financial overview in the dashboard.
Open your company’s profile by clicking ‘My company’ in Billit at the top left of your screen. Then in your company profile, click on the ‘Bank’ tab and click ‘Add’ to add an account number. Don’t forget to click ‘Add’ after entering your bank account number.
In the ‘CODA’ column, click ‘Connect’. You will be redirected to Connective. There, you can digitally sign the mandate. Did you open the link but not immediately sign the mandate? If so, the message ‘Sign document’ will appear next to your bank account number. When you click on this, you will be redirected to the Connective website again to sign the document.
Once you have signed the mandate, a window opens asking you to verify your bank account. You do this by transferring €0.01, using the unique code you receive in the verification window as the reference. Until your bank account is verified, the message ‘Mandate requested, your bank account is not yet linked’ appears next to your bank account number. Clicking on this message will display the verification window showing the unique code you need to use to verify your account. Once your bank account is verified, a green tick will appear next to your bank account number. This means that the account has been successfully linked and your digital bank transactions will be automatically imported into Billit as soon as we receive them from your bank(s).
Q: I want to link a savings account to Billit but I can't verify it because I can't make transfers from this account.
A: In this case, please contact firstname.lastname@example.org to have our back office complete the verification. In the meantime, you can provide us with a RIB (bank identity certificate), which you can obtain from your bank. This certificate must contain at least the following details:
- Account number and BIC/SWIFT code
- Surname, first name and address of the account holder
- Date on which the account was opened
- Date on which the certificate was printed
- An authentication code (to demonstrate authenticity of the certificate)
Q: I verified a bank account but the link isn't yet active. What do I do now?
A: As soon as your bank(s) share(s) digital bank statements with Billit via the verified link, these details will be visible in the Bank menu and the link will become active. The tick in the company settings only turns green once the first CODA file is received. Depending on the time your bank takes to process your request, it may be a while before this happens. If this takes longer than 7 days, we recommend you contact your bank.