How To Fix FV004 - Bank account does not exist under this bank key

SAP Error Message - Details

• Message type: E = Error

• Message class: FV - Electronic Banking Messages

• Message number: 004

• Message text: Bank account does not exist under this bank key

What causes this issue?

The bank account number &V1& could be found, yet the bank key found
does not correspond to the specified bank key &V2&.

How to fix this error?

Check your entry.
If you leave the bank key field blank, the bank account &V1& is
selected with the alternative bank key.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FV004 - Bank account does not exist under this bank key ?

  The SAP error message FV004, which states "Bank account does not exist under this bank key," typically occurs when there is an issue with the configuration or data related to bank accounts in the SAP system. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Incorrect Bank Key: The bank key entered does not match any existing bank accounts in the system.
  Missing Bank Account: The bank account has not been created or is not properly configured under the specified bank key.
  Data Inconsistency: There may be inconsistencies in the master data for the bank account or bank key.
  Authorization Issues: The user may not have the necessary permissions to view or access the bank account.
  Company Code Issues: The bank account may not be assigned to the correct company code.
  
  Solutions:
  
  
  Verify Bank Key and Account:
  
  Check the bank key entered in the transaction. Ensure it is correct and corresponds to an existing bank account.
  Use transaction code FI12 (or FI01 for creating a new bank account) to view or create bank accounts and verify the details.
  
  
  
  Create or Update Bank Account:
  
  If the bank account does not exist, create it using transaction code FI01.
  Ensure that the bank account is assigned to the correct bank key and company code.
  
  
  
  Check Company Code Assignment:
  
  Ensure that the bank account is assigned to the correct company code. You can check this in the bank account master data.
  
  
  
  Review User Authorizations:
  
  Check if the user has the necessary authorizations to access the bank account. This can be done by reviewing the user roles and permissions.
  
  
  
  Data Consistency Check:
  
  Run a consistency check on the bank master data to identify any discrepancies. This can be done using transaction codes like OB52 or OBY6.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for additional guidance on bank account configuration and management.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FI01: Create Bank Master Record
  FI02: Change Bank Master Record
  FI12: Display Bank Master Record
  OB52: Open and Close Posting Periods
  OBY6: Define Bank Accounts
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to bank account management.
  
  
  Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  By following these steps, you should be able to resolve the FV004 error and ensure that the bank account is correctly configured in the SAP system.