How To Fix 1Q408 - Error in recipient bank &3 in bank country &2 or in bank area &1

1Q408 - Overview

• Message type: E = Error

• Message class: 1Q - Messages In-House Banking

• Message number: 408

• Message text: Error in recipient bank &3 in bank country &2 or in bank area &1

What causes this issue?

An error has occurred while posting a payment order (or payment
request), or while creating a new route determination setting in
Customizing. For cross-bank area posting, neither an external bank nor
an In-House Cash Center has been entered as the recipient bank.

System Response

The system does not allow you to create the Customizing entry, or
rejects the posting.

How to fix this error?

Check the Customizing settings for the FSCM-IH component. Bank area &V1&
with bank key &V3& in bank country &V2& has probably not yet been
defined as an In-House Cash Center. It is also possible that the wrong
recipient bank has been entered.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1Q408 - Error in recipient bank &3 in bank country &2 or in bank area &1 ?

  The SAP error message 1Q408 indicates that there is an issue with the recipient bank details in the context of a payment transaction. This error typically arises when the system cannot find valid information for the specified bank in the given country or area. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Incorrect Bank Details: The bank account number, bank key, or other related details may be incorrect or not properly maintained in the system.
  Missing Bank Master Data: The bank master data for the specified bank in the specified country or area may not exist in the system.
  
  Configuration Issues: There may be configuration issues in the payment processing settings or bank determination settings.
  Inactive Bank: The bank may be marked as inactive in the system, preventing any transactions from being processed.
  Country-Specific Requirements: Certain countries have specific requirements for bank details that may not be met.
  
  
  Solution:
  
  Verify Bank Details: Check the