How To Fix FVD_CNCL067 - Bank details required for payment method &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_CNCL - Cancel Loan / Credit Life Insurance

• Message number: 067

• Message text: Bank details required for payment method &1

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 FVD_CNCL067 - Bank details required for payment method &1 ?

  The SAP error message FVD_CNCL067 indicates that bank details are required for a specific payment method, but they are missing in the system. This error typically occurs when you are trying to process a payment or execute a transaction that requires bank account information for a vendor or customer, but that information has not been provided or is incomplete.
  Cause:
  
  Missing Bank Details: The vendor or customer master record does not have the necessary bank account information for the specified payment method.
  Incorrect Payment Method: The payment method being used may require bank details that are not configured for the vendor or customer.
  Data Inconsistency: There may be inconsistencies in the master data that prevent the system from recognizing the bank details.
  
  Solution:
  
  
  Check Vendor/Customer Master Data:
  
  Go to the vendor or customer master record in SAP (transaction codes like XK03 for vendors or FD03 for customers).
  Verify that the bank details are correctly entered for the relevant payment method.
  Ensure that the bank account is active and valid.
  
  
  
  Update Bank Details:
  
  If bank details are missing, you can add them using transaction codes like XK02 for vendors or FD02 for customers.
  Make sure to enter the correct payment method and associated bank account information.
  
  
  
  Review Payment Method Configuration:
  
  Check the configuration of the payment method in the system (transaction code FBZP).
  Ensure that the payment method is set up to require bank details and that the necessary settings are in place.
  
  
  
  Test the Payment Process:
  
  After updating the bank details, try to execute the payment process again to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about the required fields or configurations, refer to SAP documentation or consult with your SAP administrator.
  
  
  
  Related Information:
  
  Payment Methods: Different payment methods (e.g., bank transfer, check) may have different requirements for bank details.
  Master Data Maintenance: Regularly review and maintain vendor and customer master data to ensure that all necessary information is up to date.
  Error Handling: Familiarize yourself with common SAP error messages and their resolutions to streamline troubleshooting processes.
  
  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.