In this tab you can enter the bank accounts you want to link with Billit. With this conection, Billit has up-to-date information which can trigger automatic reminders but it is also used as a basis for the financial overview on the dashboard.
In this help article, we explain step by step how to activate the CODA connection in Billit
In Billit, navigate to My company > Bank.
Click on “Sign document” in the “CODA” column.
While activating the CODA connection in Billit, it’s important to carefully check and confirm the following details:
Business owner: Make sure the name of the business owner is correctly and fully entered. The first and last name of the director must exactly match the information held by the bank.
User’s email address: Ensure the email address of the person signing the mandate is correct and verified.
Important!
If the mandate is rejected, the bank will contact the business owner directly via the provided and verified email address. So make sure all details are accurate before proceeding.
Are all the details correct? Then click on “Confirm & next”.
You will be automatically redirected to Connective.
Follow the instructions to sign the mandate digitally.
After signing, you will be redirected back to Billit. In the pop-up window “Complete the CODA connection”, you have two options to verify your bank account:
Scan the QR code to make a €0.01 transfer, or click “Generate payment file” to download a file you can upload to your bank to make the €0.01 transfer.
No further action is required on your part. Activation of the CODA connection may take 10 to 30 days. Once the first CODA files are received, you will automatically be notified on the platform and by email. This way, you are always kept informed about the status of your request.
Q: What if my mandate is rejected by the bank?
A: If your mandate is rejected by the bank, you can easily restart the process. To do this, go to "My company" and then to "Bank". In step 1, click on "Restart process" and review or adjust the mandate details if necessary. A new mandate will then be generated automatically, which you can sign digitally. Once you’ve done this, we’ll resend the mandate to your bank. You don’t need to take any further action; the bank will complete the activation once they receive the new mandate.
Q: I want to link a savings account to Billit but I can't verify it because I can't wire from this account.
A: In this case, please contact support@billit.eu 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 connection will become active. The checkmark in the company settings only turns green as soon as 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 to contact your bank.
