How To Fix 1B034 - Bank key derived from IBAN not found, enter BIC

1B034 - Overview

• Message type: E = Error

• Message class: 1B - BKK: General Texts

• Message number: 034

• Message text: Bank key derived from IBAN not found, enter BIC

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1B034 - Bank key derived from IBAN not found, enter BIC ?

  The SAP error message 1B034 indicates that the system could not find a bank key derived from the provided IBAN (International Bank Account Number). This typically occurs when the IBAN is not correctly mapped to a bank key in the SAP system, which is necessary for processing payments or transactions.
  
  Cause:
  
  Missing Bank Key: The bank key corresponding to the IBAN is not maintained in the system.
  Incorrect IBAN Format: The IBAN entered may be incorrectly formatted or invalid.
  Bank Master Data: The bank master data may not be properly set up or may be incomplete.
  Country-Specific Settings: The country settings for the bank key might not be configured correctly in the SAP system.
  
  
  Solution:
  
  Check IBAN Format: Ensure that the IBAN is entered correctly and follows the proper format for the respective country.
  Maintain Bank Key:
  Go to the transaction code FI01 (Create Bank) or FI02 (Change Bank) in SAP.
  Check if the bank key corresponding to the IBAN