How To Fix FQ337 - Selected bank details for vendor &1 are not valid

SAP Error Message - Details

• Message type: E = Error

• Message class: FQ - Payment Requests and Payment Program

• Message number: 337

• Message text: Selected bank details for vendor &1 are not valid

What causes this issue?

The bank details were copied from the template document. Checking of
bank details from the template was activated. You want to use bank
details for a vendor for payment, but these bank details are not in the
vendor master record or are no longer valid.

System Response

The request cannot be saved.

How to fix this error?

If the bank details do not currently exist in the master record but are
to be retained, you can confirm this by accessing the payer data (Ctrl +
F10) or by deriving valid bank details by entering the payee again.

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 FQ337 - Selected bank details for vendor &1 are not valid ?

  The SAP error message FQ337 indicates that the selected bank details for a vendor are not valid. This error typically occurs during financial transactions involving vendors, such as when processing payments or creating invoices. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Invalid Bank Details: The bank account information associated with the vendor may be incorrect or incomplete. This could include an invalid bank account number, incorrect bank key, or missing information.
  Inactive Vendor: The vendor may be inactive or blocked, which can prevent the use of their bank details.
  Bank Account Status: The bank account may be marked as inactive or blocked in the system.
  Data Entry Errors: There may have been a typographical error when entering the bank details.
  Country-Specific Requirements: Certain countries have specific requirements for bank details that may not have been met.
  
  Solution:
  
  Verify Bank Details: Check the vendor's master data to ensure that the bank account number, bank key, and other relevant details are correct and complete.
  
  Navigate to the vendor master data (Transaction Code: XK03 or FK03) and review the bank details.
  
  
  Check Vendor Status: Ensure that the vendor is active and not blocked. You can check this in the vendor master data.
  Review Bank Account Status: Confirm that the bank account is active and not blocked. This can be done in the bank master data (Transaction Code: FI12).
  Correct Data Entry: If there are any typographical errors, correct them in the vendor master data.
  Consult Country-Specific Guidelines: If applicable, ensure that the bank details meet any specific requirements for the vendor's country.
  Test Payment Process: After making corrections, try to process the payment again to see if the error persists.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as XK03 (Display Vendor), FK03 (Display Vendor in Financial Accounting), and FI12 (Bank Master Data).
  User Authorizations: Ensure that you have the necessary authorizations to view and edit vendor and bank master data.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Refer to SAP documentation for guidelines on maintaining vendor and bank master data.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP support team or a functional consultant for further investigation.