In short, no, legally you don’t need your bank details on invoices. However, in the past, you might have received invoices that included the bank details of the invoicer. Why is this?
What an invoice must have
First, let’s cover the legal requirements. For an invoice to be valid, it must include:
- The name of the business
- A unique sequential invoice number
- Your registered business address
- A small description of the goods or services including prices and amounts
- Both the date it was given and the date it should be paid by
- The total amount due
Bank details are not required, so you don’t have to include them on any invoices. There is, however, no rule saying you must not include them, so why might you?
Why might you add your bank details?
You might consider adding your bank details to your invoices in a few cases. For example, when payments are made directly into your bank account. It would mean there’s less worry when it comes to confirming the information at the final payment.
It is also appropriate when being paid through recurring invoices. This is because the information on the invoices would be consistent and it shows that all payments are going to the same place.
Selling outside of your country
When selling to customers or clients outside of your country, it’s smart to include your bank details. This is so you can add your BIC or SWIFT code to facilitate transfers.
Make things easier with an e-invoicing solution
The invoice24 app makes invoicing easier, bank details or not. By allowing you to make customised invoices, you can effectively invoice in all sorts of ways on the fly. Try it today, and find out what works best for you.