How To Fix FKK_ID_SEPA007 - Bank & found but BIC & is wrong.Correct BIC for this bank key should be &

SAP Error Message - Details

• Message type: E = Error

• Message class: FKK_ID_SEPA - FICA loc. cross-country SEPA messages

• Message number: 007

• Message text: Bank & found but BIC & is wrong.Correct BIC for this bank key should be &

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FKK_ID_SEPA007 - Bank & found but BIC & is wrong.Correct BIC for this bank key should be & ?

  The SAP error message FKK_ID_SEPA007 indicates that there is an issue with the Bank Identifier Code (BIC) associated with a specific bank key in the system. This error typically arises in the context of SEPA (Single Euro Payments Area) transactions, where accurate bank details are crucial for processing payments.
  Cause:
  
  Incorrect BIC: The BIC entered for the specified bank key does not match the expected BIC for that bank. This could be due to a typo or outdated information.
  Bank Key Mismatch: The bank key may be correct, but the BIC associated with it in the system is incorrect or has not been updated.
  Data Entry Error: Manual entry errors when inputting bank details can lead to mismatches.
  Configuration Issues: The bank master data in SAP may not be properly configured or updated.
  
  Solution:
  
  Verify Bank Details: Check the bank key and the associated BIC in the SAP system. Ensure that the BIC is correct for the specified bank key.
  Update BIC: If the BIC is incorrect, update it in the bank master data. You can do this by:
  
  Navigating to the transaction code FI01 (Create Bank) or FI02 (Change Bank) in SAP.
  Enter the bank key and make the necessary changes to the BIC.
  
  
  Consult Bank Information: If you are unsure about the correct BIC, consult the bank's official documentation or website to obtain the correct BIC for the bank key in question.
  Check for Updates: Ensure that your SAP system is up to date with the latest bank data, as BICs can change over time.
  Test Transactions: After making the necessary corrections, test the payment transaction again to ensure that the error has been resolved.
  
  Related Information:
  
  BIC (Bank Identifier Code): A standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is used to uniquely identify banks and financial institutions globally.
  SEPA Compliance: Ensure that your SAP system is compliant with SEPA regulations, which require accurate bank details for cross-border euro transactions.
  SAP Notes: Check SAP Notes for any known issues or updates related to bank master data and SEPA transactions. This can provide additional guidance or patches that may resolve the issue.
  
  By following these steps, you should be able to resolve the FKK_ID_SEPA007 error and ensure that your bank details are correctly configured for SEPA transactions.