How To Fix 1FA795 - Account identification method must be IBAN+SWIFT for a SEPA payment

SAP Error Message - Details

• Message type: E = Error

• Message class: 1FA - Betragskündigungen und Freibeträge

• Message number: 795

• Message text: Account identification method must be IBAN+SWIFT for a SEPA payment

What causes this issue?

The payment method entered has the type "SEPA". In the case of a SEPA
payment, the account must be identified with SWIFT and IBAN.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

The account must be identified only with its SWIFT code and IBAN.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1FA795 - Account identification method must be IBAN+SWIFT for a SEPA payment ?

  The SAP error message 1FA795 indicates that there is an issue with the account identification method used for a SEPA (Single Euro Payments Area) payment. Specifically, it states that the account identification method must be both IBAN (International Bank Account Number) and SWIFT (Society for Worldwide Interbank Financial Telecommunication) for the payment to be processed correctly.
  Cause:
  This error typically arises due to one of the following reasons:
  
  Incorrect Account Information: The payment details entered do not include both the IBAN and SWIFT codes, which are required for SEPA payments.
  Configuration Issues: The system may not be configured correctly to handle SEPA payments, leading to the requirement for both identifiers.
  Data Entry Errors: There may be typographical errors or missing information in the payment data.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Verify Account Information:
  
  Ensure that the account details you are using for the payment include both the IBAN and SWIFT codes.
  Check that the IBAN is correctly formatted and valid for the country of the bank you are dealing with.
  
  
  
  Update Payment Configuration:
  
  If you are responsible for system configuration, check the settings related to SEPA payments in your SAP system. Ensure that the system is set up to require both IBAN and SWIFT for SEPA transactions.
  You may need to consult with your SAP administrator or technical team to ensure that the configuration aligns with SEPA requirements.
  
  
  
  Correct Data Entry:
  
  Review the payment entry for any mistakes or omissions. Make sure that all required fields are filled out correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidelines on handling SEPA payments and the required formats for IBAN and SWIFT codes.
  
  
  
  Testing:
  
  After making the necessary corrections, test the payment process again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  SEPA Payments: SEPA is a payment-integration initiative of the European Union, which simplifies bank transfers denominated in euros. It requires specific formats for account identification.
  IBAN: The IBAN is a standardized international numbering system developed to identify bank accounts across national borders.
  SWIFT Code: The SWIFT code (or BIC) is used to identify specific banks and financial institutions globally.
  
  If the issue persists after following these steps, it may be beneficial to reach out to SAP support or your internal IT team for further assistance.