How To Fix F0247 - No payment methods involving bank collection are defined for format &

F0247 - Overview

• Message type: E = Error

• Message class: F0 - FI batch program messages

• Message number: 247

• Message text: No payment methods involving bank collection are defined for format &

What causes this issue?

The MT100 Customer Transfer is a payment statement made by the payer.

System Response

As the payment method selected (&V2&) is for bank collection, the
program terminates after being started.

How to fix this error?

Use an appropriate payment method.
<DS:TRAN.FBZP>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

F0247 - Details

• The SAP error message F0247 indicates that there are no payment methods defined for bank collection in the specified format. This error typically arises when you are trying to process a payment or create a payment file, and the system cannot find the necessary configuration for the payment method you are using.
  
  Cause:
  
  Missing Configuration: The payment method for bank collection is not defined in the system for the specified format.
  Incorrect Format: The format specified in the transaction may not be correctly set up or may not correspond to any defined payment method.
  Payment Method Not Assigned: The payment method may not be assigned to the company code or the relevant configuration settings.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Payment Method Configuration:
  
  Go to the transaction code OBPM1 (for payment methods) or FBZP (for payment program configuration).
  Ensure that the payment method you are trying to use is defined for bank collection.
  Check if