How To Fix FB624 - Validity date for IBAN missing (VALID_FROM); current date will be used

SAP Error Message - Details

• Message type: E = Error

• Message class: FB - Batch Programs

• Message number: 624

• Message text: Validity date for IBAN missing (VALID_FROM); current date will be used

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FB624 - Validity date for IBAN missing (VALID_FROM); current date will be used ?

  The SAP error message FB624, which states "Validity date for IBAN missing (VALID_FROM); current date will be used," typically occurs when you are trying to process a payment or transaction that involves an International Bank Account Number (IBAN) in the SAP system, but the IBAN does not have a defined validity date.
  Cause:
  
  Missing Validity Date: The IBAN in question does not have a "valid from" date set in the system. This means that the system does not know when the IBAN is valid, which can lead to issues in processing payments.
  Data Entry Error: The IBAN may have been entered incorrectly, or the associated validity dates were not filled in during the data entry process.
  Configuration Issues: There may be issues with the configuration of the payment methods or bank master data in the SAP system.
  
  Solution:
  
  
  Check IBAN Master Data:
  
  Go to the transaction code for maintaining bank master data (e.g., FI01 for creating a bank master record or FI02 for changing it).
  Look for the IBAN in question and check if the "valid from" date is set. If it is missing, enter the appropriate date.
  
  
  
  Update Validity Dates:
  
  If the IBAN is valid indefinitely, you can set the "valid from" date to the current date or a past date.
  If the IBAN is only valid for a specific period, ensure that the "valid to" date is also set correctly.
  
  
  
  Review Payment Method Configuration:
  
  Check the configuration of the payment methods in the SAP system to ensure that they are set up correctly to handle IBANs.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed instructions on managing bank master data and IBANs.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error message no longer appears.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI01, FI02, FBZP (for payment program configuration), and OBPM1 (for payment methods in country).
  SAP Notes: Check SAP Notes for any known issues or patches related to IBAN handling in your version of SAP.
  User Roles: Ensure that you have the necessary permissions to make changes to bank master data and payment configurations.
  
  By addressing the missing validity date for the IBAN, you should be able to resolve the FB624 error and proceed with your transactions without further issues.