How To Fix 67_LOAN_PAY161 - Please maintain IBAN for SEPA drawing

SAP Error Message - Details

• Message type: E = Error

• Message class: 67_LOAN_PAY - Loans Management: Messages for Payments

• Message number: 161

• Message text: Please maintain IBAN for SEPA drawing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN_PAY161 - Please maintain IBAN for SEPA drawing ?

  The SAP error message 67_LOAN_PAY161 indicates that there is an issue with the International Bank Account Number (IBAN) for a SEPA (Single Euro Payments Area) drawing. This error typically arises when the system requires an IBAN to process a payment, but it has not been maintained or is incorrect in the relevant master data.
  Cause:
  
  Missing IBAN: The IBAN has not been entered in the vendor or customer master data.
  Incorrect IBAN: The IBAN entered may be incorrect or not formatted properly.
  Payment Method Configuration: The payment method used for the transaction may require an IBAN, but the configuration does not support it.
  Data Entry Error: There may have been a data entry error when inputting the IBAN.
  
  Solution:
  
  
  Maintain IBAN in Master Data:
  
  Go to the vendor or customer master data transaction (e.g., XK02 for vendors or FD02 for customers).
  Navigate to the relevant section where the bank details are maintained.
  Enter the correct IBAN for the relevant account.
  Save the changes.
  
  
  
  Verify IBAN Format:
  
  Ensure that the IBAN is in the correct format (length and characters) as per the country-specific requirements.
  You can use online IBAN validation tools to check if the IBAN is valid.
  
  
  
  Check Payment Method Configuration:
  
  Review the payment method settings in the configuration (transaction OBPM1 for payment methods).
  Ensure that the payment method is set up to require an IBAN for SEPA transactions.
  
  
  
  Test the Payment Process:
  
  After maintaining the IBAN, try to process the payment again to see if the error persists.
  
  
  
  Related Information:
  
  SEPA Compliance: Ensure that your organization is compliant with SEPA regulations, which may require specific formats and data for cross-border euro transactions.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error message.
  Documentation: Refer to SAP documentation for detailed instructions on maintaining master data and configuring payment methods.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial processes within SAP.