How To Fix FIN_PAYSP001 - House bank &1 with bank country &2 and bank key &3 is an internal bank

SAP Error Message - Details

• Message type: E = Error

• Message class: FIN_PAYSP - Messages for Payment Service Provider Integration

• Message number: 001

• Message text: House bank &1 with bank country &2 and bank key &3 is an internal bank

What causes this issue?

This house bank has been created as an internal bank. It is only used
for payments in the electronic account statement. There, it is only used
for payments that have been made using a payment service provider.
It cannot be used for the payment program's bank determination.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIN_PAYSP001 - House bank &1 with bank country &2 and bank key &3 is an internal bank ?

  The SAP error message FIN_PAYSP001 indicates that there is an issue with the configuration of a house bank in the system. Specifically, the message states that the house bank you are trying to use is classified as an "internal bank," which means it is not set up for external transactions.
  Cause:
  
  Internal Bank Configuration: The house bank you are trying to use is configured as an internal bank in the system. Internal banks are typically used for internal transactions and are not meant for external payments.
  Incorrect Bank Key or Country: The bank key or country associated with the house bank may not be correctly set up or may not correspond to an external bank.
  Missing Configuration: The house bank may not be properly configured in the system for the intended use.
  
  Solution:
  
  
  Check House Bank Configuration:
  
  Go to the transaction code FI12 (House Bank) in SAP.
  Verify the configuration of the house bank in question. Ensure that it is set up correctly for external transactions if that is your intention.
  If the bank is indeed meant to be an internal bank, you may need to select a different house bank for your transaction.
  
  
  
  Change Bank Type:
  
  If the house bank should be an external bank, you may need to change its configuration from "internal" to "external." This can usually be done in the same FI12 transaction by adjusting the settings.
  
  
  
  Review Bank Key and Country:
  
  Ensure that the bank key and country are correctly entered and correspond to a valid external bank. If necessary, create a new house bank with the correct settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP administrator for specific guidelines on configuring house banks.
  
  
  
  Testing:
  
  After making changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  House Bank: A house bank in SAP is a bank account that is used for processing payments and receipts. It can be internal (for internal transactions) or external (for transactions with external entities).
  Bank Key: This is a unique identifier for a bank in the SAP system, which is used in various financial transactions.
  Bank Country: This refers to the country where the bank is located, which is important for compliance and transaction processing.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP Notes for any known issues related to this error message.