How To Fix FKK_SEPA007 - Bank details &1 do not contain an IBAN, mandates are not adjusted

SAP Error Message - Details

• Message type: E = Error

• Message class: FKK_SEPA - FI-CA: SEPA Mandate Management

• Message number: 007

• Message text: Bank details &1 do not contain an IBAN, mandates are not adjusted

What causes this issue?

The bank data for bank details &v1& were changed without entering or
generating the associated IBAN.

System Response

The original SEPA mandates for these bank details cannot be adjusted as
long as the associated IBAN does not exist.

How to fix this error?

If this message is displayed while you are saving data, you may have to
change the SEPA mandates relating to bank details &v1& manually. To do
this, use the <LS>SEPA Mandates</> pushbutton.
Alternatively, you can enter the IBAN before saving, so that the SEPA
mandates relating to bank details &v1& are adjusted automatically.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKK_SEPA007 - Bank details &1 do not contain an IBAN, mandates are not adjusted ?

  The SAP error message FKK_SEPA007 indicates that the bank details for a specific account do not contain an International Bank Account Number (IBAN). This error typically arises in the context of SEPA (Single Euro Payments Area) transactions, where IBANs are required for processing payments.
  Cause:
  
  Missing IBAN: The bank details for the customer or vendor do not include an IBAN.
  Incorrect Configuration: The configuration settings for the payment method or the bank details may not be set up correctly.
  Data Entry Error: There may have been an oversight during data entry, leading to the omission of the IBAN.
  
  Solution:
  
  
  Update Bank Details:
  
  Navigate to the relevant customer or vendor master data in SAP.
  Ensure that the IBAN is correctly entered in the bank details section.
  Save the changes.
  
  
  
  Check Payment Method Configuration:
  
  Verify that the payment method being used is configured to require IBANs.
  Ensure that the settings for SEPA payments are correctly set up in the configuration.
  
  
  
  Review Mandate Management:
  
  If mandates are involved, check if the mandates are correctly linked to the bank details.
  Ensure that the mandates are valid and up to date.
  
  
  
  Data Validation:
  
  Perform a data validation check to ensure that all required fields are filled out correctly.
  Use transaction codes like FD02 (Change Customer) or FK02 (Change Vendor) to access and modify bank details.
  
  
  
  Related Information:
  
  SEPA Compliance: Ensure that your organization is compliant with SEPA regulations, which require the use of IBANs for cross-border euro transactions.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or patches related to this error.
  Documentation: Refer to SAP documentation for detailed instructions on managing bank details and SEPA mandates.
  
  By addressing the missing IBAN in the bank details, you should be able to resolve the error and proceed with the necessary transactions.