To issue an invoice, when the payment is supposed to be sent to a bank account from a foreign country, it is needed to know IBAN and SWIFT.
IBAN (International Bank Account Number) is given to every bank account, in case it would be needed to send payment from a foreign bank account.
IBAN has the following structure:
- 2 characters – Country code (CZ for Czech Republic)
- 2 characters – Control numbers – allows to control numbers via the program – safety step in case of entering wrong bank account number (for example. miss clicking)
- 20 characters – Bank code and bank account number
- Bank account number has two variations in IBAN – Electronic (without spaces) and written (with spaces after every 4 characters for better orientation).
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a providing company, which gives a unique code to banks, so-called BIC (Bank Identifier Code)
While issuing invoices through InvoiceOnline.com, the option for payment into a foreign country is in the section Bank Account after ticking the option Show IBAN.